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Foreign borrowing was a key element in Philippine development strategy during the Marcos era. The primary rationale was that "borrowed money would speed the growth of the Philippine economy, improving the well-being of present and future generations of Filipinos". [citation needed] Debt-driven growth, 1970–1983
Prior to the tranvia, modes of street transportation in Manila were mostly horse-drawn, consisting of the calesa, the lighter carromata, and the fancy caruaje. [2] The tranvia served as the first railway transport to run in the Philippines, as in its earliest years the Ferrocarril de Manila–Dagupan are in its planning stages.
History of transportation in the Philippines (2 C, 1 P) Pages in category "Economic history of the Philippines" The following 23 pages are in this category, out of 23 total.
The ships made one or two round-trip voyages per year between the ports of Manila and Acapulco from the late 16th to early 19th century. [2] The term "Manila galleon" can also refer to the trade route itself between Manila and Acapulco that was operational from 1565 to 1815. [1]
The Manila Railroad Company (MRR) was a Filipino state-owned enterprise responsible for the management and operation of rail transport in the island of Luzon.It was originally established by an Englishman named Edmund Sykes [f] as the private Manila Railway Co., Ltd. on June 1, 1887.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund .
The history of the Philippines from 1565 to 1898 is known as the Spanish colonial period, during which the Philippine Islands were ruled as the Captaincy General of the Philippines within the Spanish East Indies, initially under the Viceroyalty of New Spain, based in Mexico City, until the independence of the Mexican Empire from Spain in 1821.
The Philippines' automobile industry started during the American colonial period from 1898 to 1946, with the introduction of American-made cars, which have been sold in the Philippines ever since. An import substitution policy was developed for the 1950s, which led to the prohibition of and then punishingly high tariffs on the import of fully ...