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State and Finance in the Philippines, 1898–1941: The Mismanagement of an American Colony, written by Yoshiko Nagano

State and Finance in the Philippines, 1898–1941: The Mismanagement of an American Colony, written... Yoshiko Nagano, (2015) State and Finance in the Philippines, 1898–1941: The Mismanagement of an American Colony. Singapore: NUS Press. 272 pages. ISBN: 978-9971-69-841-6.Given the recent global financial crisis of 2008 and the Asian Financial Crisis of 1997, socio-historical studies on banking in Southeast Asia are becoming even more important and relevant in helping us to understand the powerful social forces bearing down on our global economy. Particularly with regards to the Philippines, examining the manner in which its financial system was established could provide some insight into why the Philippine economy has been plagued by the description, “sick man of Asia”. After all, an effective banking system can ensure a steady source of financial support to essential industries, spurring development, and the growth of a nation’s economic base. Flaws in this vital institution can lead to a shaky foundation to the development of any nation. Furthermore, whether or not the United States, under which the Philippines was a colony, is complicit in establishing a flawed foundation to the Philippine economy requires serious study and attention. The role of the United States in the Philippines is under even more scrutiny today with its president, Rodrigo Duterte, highlighting the “failed” promises http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asian Journal of Social Science Brill

State and Finance in the Philippines, 1898–1941: The Mismanagement of an American Colony, written by Yoshiko Nagano

Asian Journal of Social Science , Volume 45 (6): 3 – Jan 1, 2017

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Publisher
Brill
Copyright
Copyright © Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1568-4849
eISSN
1568-5314
DOI
10.1163/15685314-04506013
Publisher site
See Article on Publisher Site

Abstract

Yoshiko Nagano, (2015) State and Finance in the Philippines, 1898–1941: The Mismanagement of an American Colony. Singapore: NUS Press. 272 pages. ISBN: 978-9971-69-841-6.Given the recent global financial crisis of 2008 and the Asian Financial Crisis of 1997, socio-historical studies on banking in Southeast Asia are becoming even more important and relevant in helping us to understand the powerful social forces bearing down on our global economy. Particularly with regards to the Philippines, examining the manner in which its financial system was established could provide some insight into why the Philippine economy has been plagued by the description, “sick man of Asia”. After all, an effective banking system can ensure a steady source of financial support to essential industries, spurring development, and the growth of a nation’s economic base. Flaws in this vital institution can lead to a shaky foundation to the development of any nation. Furthermore, whether or not the United States, under which the Philippines was a colony, is complicit in establishing a flawed foundation to the Philippine economy requires serious study and attention. The role of the United States in the Philippines is under even more scrutiny today with its president, Rodrigo Duterte, highlighting the “failed” promises

Journal

Asian Journal of Social ScienceBrill

Published: Jan 1, 2017

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