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The Peso and Philippine Politics Political Economy in a Philippine Setting |
Home Page of Allen Pedro Contents:
Links will be supplied with each article as references or sources. Comments are welcome! E-mail the owner at pesopolitics@yahoo.com |
Why this site on the national currency of the
Philippines and Philippine Politics? Why is there a need to discuss Political Economy in a
particular socio-economic and political environment? Much of the current political debate in the Philippines has to do with the state of health or ill-health of the peso. The national currency depreciated against the US dollar from P26 in July 1997 to P45 in January 1998; the decline was over 70%. Currently, the peso has been trading at over P40:$1.00, sparking a debate on whether this is good or bad for the country. There are many things about the Philippine political economy that need to be explained. We have been unable to find any site that deals with this aspect of our life, and yet, this issue is crucial. Most Philippine sites on the Internet deal with aspects of our culture that need to be explained, perhaps in support of tourism programs, or business sites to attract foreign investors. One or two sites deal with Philippine history; while other homepages deal with personal matters. We will try to explain in this homestead why after 100 years of existence as a nation state, the Philippines has not fully progressed nor attained the vision of its founding fathers. We will also take a look and examine some of the alternatives offered by contemporary political thinkers. This requires a lot of research time in order to produce a credible report. I guess we just have to find the time, because, at the rate change is occurring in the Philippines, events happen even while one is busy digging in the Internet. The views in this page are the author's own and are based on reports collected from the Internet and attributed where possible in the text. We will have sections for
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