Includes bibliography. Rivera, T. C. (1994). Landlords and capitalists : Class, family, and state in Philippine manufacturing. Quezon City, Philippines : University of the Philippines Press.

Chapter 1: Industrial growth and the Philippine puzzle -- Chapter 2: The local manufacturing elites: historical roots and class formation -- Chapter 3: Landlords, capitalists and elite families in manufacturing -- Chapter 4: Foreign and national capital: class and family alliances -- Chapter 5: The state and industrial transformation -- Chapter 6: Summary and conclusions

In this book I engage one critical dimension of a problem that has long puzzled analysts, policymakers, and reformers of various persuasions. Why has the process of industrialization been such a protracted and problematic one for the Philippines when the country seemed to have enjoyed an initial edge in this route to modernity compared with the most of its Asian neighbors in the postwar (World War II) years? Dominated at least up to the mid-eighties by the landed elites who took advantage of protectionist policies in the industrial sector, the import substituting bourgeosie engaged in a contradictory set of interests that undermined its potential as an agency for industrial transformation. By further identifying the leading families within each segment of this class.