Ncr Regional Profile Department Of Trade And Sector Philippines

The United States ceded its sovereignty over the Philippines on July four, 1946, as scheduled. Nonetheless, the Philippine economy remained extremely dependent on United States markets—more dependent, according to United States high commissioner Paul McNutt, than any single U.S. state was dependent on the rest of the country. The Philippine Trade Act, passed as a precondition for getting war rehabilitation grants from the United States, exacerbated the dependency with provisions…Read More