

The industrialization process in the Philippines has followed a trajectory of initial progress followed by setbacks. Among ASEAN Four, the Philippines initiated its industrialization process the earliest. Before the 1960s, the Philippines’ economic strength in East Asia was second only to Japan, surpassing Singapore, South Korea, and other Southeast Asian countries. In 1960, the manufacturing sector accounted for 20% of its GDP (compared to 34% in Japan and 12% in Singapore), earning the Philippines the status of a quasi-advanced industrialized nation. However, due to factors such as constraints from the domestic bureaucratic political system, prolonged political instability, exploitation of industrial wealth by U.S. multinational corporations, and the protection of vested interests by domestic elites, the Philippines’ economic development has been overtaken by the Asian NIEs, Malaysia, Thailand, and Indonesia over the past half-century. It has transitioned from being the second industrial nation in East Asia to becoming the largest agricultural country, presenting typical characteristics of “deindustrialization” (Shen 2017).

From How Japan Colonized the Mind: Taiwan’s Managed Memory of Empire