15 x 22 cm.; pg. xi, 244 ; Introduction, bibliography, index, list of 11 figures and 29 tables. Very good in very good dust-jacket. "This analytical study of the post-war period characterizes the Philippine economy as 'open', in the sense of being heavily reliant on imported capital equipment for industrial growth, and 'dual' in the sense of exhibiting wide variations in labour productivity, resource use and growth dynamics between the agricultural and industrial sectors. Between 1950 and 1968, the authors conclude, the country found an 'easy' path to growth through the exploitation of previously unutilized natural resources and a policy of import substitution for consumer goods. A more secure development strategy, they argue, necessitates: (i) better agricultural and forest productivity, greater processing of agricultural exports and diversification through the growth of manufactured exports; (ii) the extension of import substitution backwards to non-consumer goods; (iii) correction of the labour-saving bias in the industrial sector's technical change; and (iv) population control." Richardson #677; 0801406129

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