TY  - GEN
T1  - The "Filipino First" policy and the Central Bank, 1958-1961 island of the state, strength and economic decolonization
JF  - Philippine Studies: Historical and Ethnographic Viewpoints
A1  - Takagi, Yusuke
LA  - English
YR  - 2014
UL  - https://tuklas.up.edu.ph/Record/UP-1685594773862197642
AB  - A gap exists between the high regard for the Central Bank of the Philippines and the Filipino First policy under Pres. Carlos P. Garcia's administration. Patrimonial interests attempted to exploit the Filipino First policy but relied on the bank for foreign exchange. In such a setting, how could the Central Bank lead economic policymaking and become an island of state strength? This article examines this puzzle by analyzing the process that involved politicians, private sector leaders, and even the American government. It argues that the Central Bank supported Filipino First only until it could achieve its policy goal of economic decolonization.
CN  - ARTICLE-751
KW  - Central Bank of the Philippines.
KW  - Economic policy.
KW  - Decolonization.
KW  - Industrialization : Government policy.
KW  - Nationalism and economics.
ER  -