(DP 1985-01) Power and Privilege: The Philippine Amusement and Gaming Corporation

Abstract

The paper focuses on the Philippine Amusement and Gaming Corporation as an example of the dispensation of economic privileges and position to private entities. It traces the evolution of the powers and privileges of this corporation thru a series of presidential decrees, letters of instruction, and executive orders. It then examines the consequences to the economy of the establishment of PAGCOR, in terms of the costs and benefits that have resulted from its operations. The reader is left to draw his own conclusion. The paper end with a series of questions the answer to which would throw more light on the private entities who have benefitted from this situation.