This comparative study of the Philippines and Thailand highlights the impact of non-economic institutions and cultural, kinship, and political values on economic performance. The author elucidates the response of both countries to the economic dominance of the Chinese minority and their attitude towards foreign investment. He also analyzes their approach towards trade and tariffs, the Communist insurgency, Muslim separatism, military coups, and serious crime. Culminating in a discourse on traditional values, this stimulating study explores the economic evolutions of these two rising powers.
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