• NEWS
    • NATION
    • CORDILLERA
  • BUSINESS
  • GREEN
  • OPINION
    • EDITORIAL
  • FEATURE
  • FACT CHECK
  • HEALTH
  • LIFESTYLE
  • LITERATURE
  • SPORTS
  • ADVERTORIALS
  • ABOUT US
    • CONTACT US
Baguio Chronicle
  • NEWS
    • NATION
    • CORDILLERA
  • BUSINESS
  • GREEN
  • OPINION
    • EDITORIAL
  • FEATURE
  • FACT CHECK
  • HEALTH
  • LIFESTYLE
  • LITERATURE
  • SPORTS
  • ADVERTORIALS
  • ABOUT US
    • CONTACT US
No Result
View All Result
  • NEWS
    • NATION
    • CORDILLERA
  • BUSINESS
  • GREEN
  • OPINION
    • EDITORIAL
  • FEATURE
  • FACT CHECK
  • HEALTH
  • LIFESTYLE
  • LITERATURE
  • SPORTS
  • ADVERTORIALS
  • ABOUT US
    • CONTACT US
No Result
View All Result
Baguio Chronicle
No Result
View All Result
Home Fact Check

FACT CHECK: Local products, culture thrived during Marcos Sr. presidency #Facts FirstPH

Baguio Chronicle by Baguio Chronicle
November 23, 2022
in Fact Check
Reading Time: 2 mins read
FACT CHECK:  Local products, culture thrived during Marcos Sr. presidency #Facts FirstPH
6
SHARES
23
VIEWS
Claim: Local products, culture thrived during Marcos Sr. presidency
Rating: FALSE
Social media posts are claiming that during the presidency of former president Ferdinand Marcos Sr., local products and culture were at the forefront due to the support of the national government.
This is false.
Multiple academic sources indicate that during the previous Marcos presidency, local industries suffered difficulties due to an import-heavy policy (Robin Broad, Unequal Alliance, 1979-1986: The World Bank, the International Monetary Fund, and the Philippines (Quezon City: Ateneo de Manila University Press, 1988).
In order to take out loans from the international market that would eventually be siphoned away to grow the Marcos family’s wealth, the regime liberalized trade in the country and greatly lowered tariffs on imported products, making it economically difficult for local products to stay afloat (https://englishkyoto-seas.org/…/SEAS_0302_05_Tadem.pdf).
To say that local products and culture were at the fore would therefore be misleading at best.
#FactsFirstPH
ADVERTISEMENT
ADVERTISEMENT
Previous Post

Kokoy’s World Cup 2022 reflections – Part 3

Next Post

Rooster’s Tales – Recycling in the new normal

Baguio Chronicle

Baguio Chronicle

Hailed by the Philippine Press Institute’s Annual Community Press Awards for Excellence as the country’s Best Edited Community Newspaper. Best in Photo Journalism-Weekly 2015 & 2016 and Best in Environmental Reporting-Weekly in 2018.

Related Posts

FACT CHECK: Philippines has one of the lowest inflation rates in the world #FactsFirstPH

FACT CHECK: Philippines has one of the lowest inflation rates in the world #FactsFirstPH

March 15, 2023
FACT CHECK: President Ferdinand ‘Bongbong’ Marcos Jr. did not get a special diploma from UA&P #FactsFirstPH

FACT CHECK: President Ferdinand ‘Bongbong’ Marcos Jr. did not get a special diploma from UA&P #FactsFirstPH

March 14, 2023

FACT CHECK: Ninoy Aquino was hopelessly in love with Imelda Marcos #FactsFirstPH

FACT CHECK: Marcos Administration to provide cash aid amounting to 9 trillion pesos #FactsFirstPH

FACT CHECK: University of the Philippines will be closed down following a P2.5-billion budget cut #FactsFirstPH

FACT CHECK: Transport strike is communist #FactsFirstPH

Latest Stories

New Heights – Millstones and milestones

March 28, 2023

On Point – Flight may equate to guilt

March 28, 2023

Rooster’s Tales – Igorots red-tagged!

March 28, 2023

Baguio Chronicle

 

The Baguio Chronicle is the fastest- growing news publication in Northern Luzon today. It was established on December 6, 2009 in Baguio City.

© 2022 The Baguio Chronicle Website Design and Development by Neitiviti Studios.

No Result
View All Result
  • NEWS
    • NATION
    • CORDILLERA
  • BUSINESS
  • GREEN
  • OPINION
    • EDITORIAL
  • FEATURE
  • FACT CHECK
  • HEALTH
  • LIFESTYLE
  • LITERATURE
  • SPORTS
  • ADVERTORIALS
  • ABOUT US
    • CONTACT US

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In