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Following economic footsteps of Spain

It is interesting to note that the Plan of Stabilization that jump started the rise of the Spanish economy from the “sick man of Europe” to the Iberian tiger actively targeted  a major inflow of foreign capital into Spain by facilitating foreign investments in the country and by granting amnesty to all Spaniards who had illegally accumulated wealth abroad and who were willing to repatriate such wealth; capital held abroad by Spaniards could be brought back to Spain without fear of government prosecution.  The framers of the Plan of Stabilization clearly understood that a massive entry of foreign capital into Spain was the most effective way of obtaining external equilibrium.  A similar situation exists in the Philippines today:  we cannot continue the Build, Build, Build program started during the Duterte Administration without a massive dose of Foreign Direct Investments. ....

South Korea , Cory Aquino , Chung Hee , Ferdinand Marcos , Erick Spitaller , Cesar Virata , Michael Galy , Alex Melchor , Armand Fabella , Deng Xiao Peng , National Economic Council , Ministry For The Planning , International Monetary Fund , Marcos Administration , European Community , Duterte Administration , Program Implementation Agency , Landmarks In Economic Development , Foreign Direct , East Asian , Lee Kuan Yew , Chang Kai Sek , Park Chung Hee , President Ferdinand Marcos , Marcos Government , Eleven Major Industrial Projects ,

Following economic footsteps of Spain

It is interesting to note that the Plan of Stabilization that jump started the rise of the Spanish economy from the “sick man of Europe” to the Iberian tiger actively targeted  a major inflow of foreign capital into Spain by facilitating foreign investments in the country and by granting amnesty to all Spaniards who had illegally accumulated wealth abroad and who were willing to repatriate such wealth; capital held abroad by Spaniards could be brought back to Spain without fear of government prosecution.  The framers of the Plan of Stabilization clearly understood that a massive entry of foreign capital into Spain was the most effective way of obtaining external equilibrium.  A similar situation exists in the Philippines today:  we cannot continue the Build, Build, Build program started during the Duterte Administration without a massive dose of Foreign Direct Investments. ....

South Korea , Cesar Virata , Chung Hee , Ferdinand Marcos , Deng Xiao Peng , Alex Melchor , Armand Fabella , Erick Spitaller , Michael Galy , Cory Aquino , National Economic Council , Ministry For The Planning , European Community , International Monetary Fund , Landmarks In Economic Development , Marcos Administration , Duterte Administration , Program Implementation Agency , Foreign Direct , East Asian , Lee Kuan Yew , Chang Kai Sek , Park Chung Hee , President Ferdinand Marcos , Marcos Government , Eleven Major Industrial Projects ,