NADEVCO ESSAY
For the purposes of this essay, the time frame 1946-1986 would be further divided into 3 segments. First would be the time from 1946 to 1949 where the effects of the Belle Trade Act were felt. Second would be from 1949-1961 when the Philippines tried Import Substitution Industrialization (ISI) and also known as the period of control and Third would be from 1962-1986 or the period of decontrol. In order to explain and understand the period from 1946 to 1949 dependency theory would be used to analyze the outcome of the Belle Trade Act. In understanding the period from 1949-1961, this paper would be using Dependency theory as well and apply the key premises of the said theory. On the other hand, Neo-Liberalism theory would be applied from the period of 1962-1986 in order to further explain the Philippine State of Development.
Moreover, for the purpose of this essay, the essay would be dealing much and focus on the Economic dimensions of the Philippine State of Development and a minimal discussions on the Political and Social dimensions. To begin with let us first know what are the key premises of dependency thinking that are applicable in understanding the period of development from 1946-1949, and the period from 1949-1961. First among the core premises is the belief that the most important obstacles in development are not internal but rather external, belonging to an International Division of Labor (IDoL) structure. Secondly, is that there are two kinds of states, one being the core state and the other being the periphery, and that the transfer of surplus is happening from the core to the periphery. Third, is that due to the transfer of surplus happening from the core to the periphery, development for the former implied under-development of the latter. Fourth, is that since under-development is associated with the periphery’s attachment with the core, dependency thinking proposes that a delinking from the core is needed in
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