"This is a truly remarkable book. Within the limited space of 174 pages, about one-fifth of them excellent tables, diagrams, and figures, Mamoru Tsuda has accomplished four tremendously informative and valuable tasks. First, he has given a superb and carefully specific overview of Japanese- Filipino joint ventures as of June 30, 1976; he has also provided as useful and as meaningful a description of postwar Japanese business conglomerates as has appeared anywhere in print in English. In addition, he has examined and described with meticulous accuracy the 46 leading Filipino individuals, families, and groups which have joined their Japanese counterparts in 77 major joint ventures in the Islands; and lastly he has conclusively demonstrated with appropriately impressive data that "behind the phenomenal rise of Japanese investments in the [Philippines] are Japanese conglomerates, a major sector of the Filipino clite, and the Philippine government itself. So to speak, the Japanese conglomerates are the 'pushing forces' for the export of Japanese capital co the Philippines while the Filipino big business stratum and the government itself are the 'accommodating' or even the 'pulling forces' (p. 155)."

— Grant K. Goodman, University of Texas (1981)

Published in 1978 by Foundation for Nationalist Studies

174 pages