The Role of U. S. Military Bases in the Philippine Economy,
Abstract
The U.S. base-generated dollar spending was about $135.8 million in 1966 and about $150 million in 1967, but estimates of the total benefit to the Philippine economy are as high as $566 million for 1966 and $625 million for 1967. The amounts are about 9.5 percent and 9.6 percent of the Philippine GNP for 1966 and 1967, respectively. While these estimates of the local economic impact of U.S. bases are not projections of actual income losses to be expected, should base removal occur, the study concludes that the loss of this source of dollar earings, unless accompanied by gains elsewhere, might be expected to have a significant effect on the Philippine balance of payments and terms of trade. Major adjustments of economic activities could become necessary. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 01, 1971
- Accession Number
- AD0725467
Entities
People
- Douglas F. Loveday
Organizations
- RAND Corporation