Overseas dependent development or alternative development : Significance of Philippine community-based industries

This paper first characterizes the economy of the Philippines, a developing country in Southeast Asia with the term of overseas dependent development. Then, it intends to indicate the significance of alternative development strategy to overcome the country's economic predicament. Furthermore, the paper signifies the role of community-based industries (CBIs) of the country to achieve such development. Combined with the accomplishments of other reforms and development programs, it is concluded, the growth of CBIs will accelerate a fair, democratic and sustainable development of the country.