In the textbook, the Philippines is used as an example of
A)informal sector
B)commodification of agriculture
C)dependent development
D)state-regulated capitalism
E)import substitution

Question

Quizplus · Accepted Answer

The Philippines is used as an example of dependent development, which is a model of economic growth that relies on developed countries for resources, investment, and markets. The Philippines experienced a long period of colonization and later became heavily dependent on the United States for aid and trade, leading to a lack of self-sustaining development.

In the Textbook, the Philippines Is Used as an Example