Author: James Matthew Miraflor (James Matthew Miraflor)

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Is the Philippine economy ‘backward’?

We are not a “backward” economy. It’s just that economies capable of producing sophisticated manufactures necessarily require economies that must specialize in raw material or labor exports. That’s global capitalism for you.  Ours is a developed capitalist economy to the extent that the capitalist economic system that grips the world today is already fully mature,...