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This book analyzes the Philippine economy from the 1960s to the 1980s. During this period, the benefits of economic growth conspicuously failed to 'trickle down'. Despite rising per capita income, broad sectors of the Filipino population experienced deepening poverty. Tracing this outcome to the country's economic and political structure, Professor Boyce focuses upon three central elements of the government's development strategy: the 'green revolution' in rice agriculture; the primacy accorded to export agriculture and forestry; and massive external borrowing.