Philippine Industrial Development: Strategies in the Eighties

Key Points

• The article finds that the sustained growth of the Philippine economy from the 1950s has not continued into the 1980s, revealing critical challenges.
• Major industrial policies during the 1980s aimed to support small- and medium-scale industries, emphasizing their importance for economic stability.
• Evaluating strategies implemented in the 1980s highlights both successes and failures in the context of Philippine industrial development.
• The findings indicate that without effective policies, growth potential may remain largely unfulfilled, necessitating reassessment of existing strategies.