Ferdinand Marcos,
Seventh State of the Nation Address
“ The stimulation of cottage industries will provide people in the rural areas with employment opportunities that should raise their living standards.Under the Four-Year Development Plan, “cottage industry is specified as a priority because it is directly linked with the objectives of labor-intensity. Furthermore, it provides service to large scale business that finds it less economical to undertake certain intermediate processes.”From 1962 to 1970, the average yearly increase of our exports of cottage industry products was 29 per cent as against the average 10 per cent exports growth target. ”
