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In The Profligate Colonial, Lisandro E. Claudio reveals how austerity, long before it became a buzzword of modern technocracy, was a tool of US empire. Austerity is often praised as prudence in hard times, a responsible response to crisis. In the Philippines today, it is treated as common sense, an unquestioned commitment to a strong currency, low inflation, and fiscal restraint. Claudio argues that this orthodoxy is in fact a colonial inheritance—a legacy of American rule that cast Filipinos as reckless spenders and imposed monetary discipline as a civilizing force. At the center of this logic is the "profligate colonial," a feminized, racialized figure who wastes public funds and so requ...
Empirical analysis of value- added tax revenues on a sample of 34 countries conforms with conventional wisdom from theoretical and case studies. The key implication is that for value- added tax to provide superior revenues, it should be levied in a single rate on as broad a base as possible. And tax administration and enforcement must be tough to ensure compliance.
First published in 1978
Examines contradictory economic and political trends occurring in the Philippines in order to gain a sense of the country's prospects.