Early Philippine Industrialization: The Social Cost of Industralization
Early Philippine Industrialization: The Social Cost of Industralization
Early Philippine Industrialization: The Social Cost of Industralization
The goal of the early Philippine economy has been to increase the share of manufacturing in the GNP.
Like other developing countries, the Philippines has been aspiring for industrialization. Since 1916, there
were experimentation with policies which were envisioned to promote manufacturing in the Philippines,
and the promotion of entrepreneurial ventures among local businessmen.
GOVERNMENT PARTICIPATION
INDUSTRALIZATION EVALUATED
Philippine industrialization rose rapidly since 1950 in term of growth, number of firms, number of
plants or extent of Filipino participation. In 1950, the value added in manufacturing was only 8.5
percent of the national income compared with 42.3 percent in agriculture. Eight years later, the
contribution of manufacturing to national income increased almost three times.
The emergence of social problems in an industrializing society was also obvious during the
Industrial revolution in England. The introduction of machines ushered in the growth of the
factory system and the eventual collapse of the flannel weaving industry in the countryside. The
jobless weavers went to the cities to work in factories.
The highly developed countries are the industrial societies. They are rich and their peoples
enjoy a high standard of living. Families have cars, appliances and comfortable houses. The
government provides the essential social services such as housing, health, old-age benefits and
unemployment insurance. It has been said that the poor in the United States are not considered
poor by third world standard. For instance, a family four which receives $8,000 a year is
classified as poor in the United States. Such income is already a fortune to many families in the
less developed countries.