How the Dodge mindset still shapes industrial policy

(Second of a series) In the first part of this series, the historical roots of Philippine underindustrialization were traced to colonial trade structures, the Bell Trade Act, the Parity Rights Agreement and the abandonment of nationalism as a guiding principle in development planning. Central to this narrative was the Dodge Plan of the 1950s, a Cold War stabilization program that prioritized fiscal austerity and debt repayment over industrial expansion, embedding a mindset of dependency that persists to this day. Building on this foundation, the second part of the series examines why the Dodge Plan was implemented specifically in the Philippines […]...

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