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Philippines 2000
Philippines 2000 was the socio-economic program of former Philippine president Fidel V. Ramos. The plan envisioned the Philippines achieving a newly industrialized country status by the year 2000 and beyond. Effects and legacy The Philippines 2000 platform was widely successful, making it one of the greatest legacies of the Ramos administration to the Philippines. Ramos was successfully able to open the then-closed Philippine economy and break Marcos-era formed monopolies, especially with regard to Philippine Airlines and the Philippine Long Distance Telephone Company, which were privatized and de-monopolized during his tenure. He was also able to resolve the power crisis in the Philippines through privatization of power plants and the construction of new ones. The reforms spurred additional investment into the Philippines. Other economic reforms achieved during the Ramos administration was the re-adjustment of the value added tax from four percent to an International Monetary ...
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Socioeconomics
Socioeconomics (also known as social economics) is the social science that studies how economic activity affects and is shaped by social processes. In general it analyzes how modern society, societies social progress, progress, economic stagnation, stagnate, or social regress, regress because of their local economy, local or regional economy, or the global economy. Overview “Socioeconomics” is sometimes used as an umbrella term for various areas of inquiry. The term “social economics” may refer broadly to the "use of economics in the study of Social relation, society". More narrowly, contemporary practice considers behavioral interactions of individuals and groups through social capital and social "markets" (not excluding, for example, Assortative mating, sorting by marriage) and the formation of social norms. In the relation of economics to Value (ethics), social values. A distinct supplemental usage describes social economics as "a discipline studying the reciprocal rel ...
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Moro National Liberation Front
The Moro National Liberation Front (MNLF; ar, الجبهة الوطنية لتحرير مورو) is a political organization in the Philippines that was founded in 1972. It started as a splinter group of the Muslim Independence Movement. The MNLF was the leading organization among Moro separatists for about two decades beginning from the 1970s. In 1996, the MNLF signed a landmark peace agreement with the Philippine government that saw the creation of Autonomous Region in Muslim Mindanao (ARMM), an area composed of two mainland provinces and three island provinces in which the predominantly Muslim population enjoys a degree of self-rule. Nur Misuari was installed as the region's governor but his rule ended in violence when he led a failed rebellion against the Philippine government in November 2001, and fled to Sabah before being deported back to the Philippines by the Malaysian authorities. The MNLF is internationally recognized by the Organisation of Islamic Cooperation (OIC) ...
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Economy Of The Philippines
The economy of the Philippines is the world's 32nd largest economy by nominal GDP according to the International Monetary Fund 2021 and the 12th largest economy in Asia, and the 3rd largest economy in the ASEAN after Indonesia and Thailand. The Philippines is one of the fastest-growing emerging markets, and the 3rd highest economy in Southeast Asia by nominal GDP, following Thailand and Indonesia. The Philippines is considered a newly industrialized country, which has an economy in transition from one based on agriculture to one based more on services and manufacturing. As of 2021, its GDP by purchasing power parity was estimated at $1.47 trillion, the 18th largest in the world. The country's primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits. Its major trading partners include Japan, China, the United States, Singapore, South Korea, the Netherlands, Hong Kong, German ...
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Rodrigo Duterte
Rodrigo Roa Duterte (, ; born March 28, 1945), also known as Digong, Rody, and by the initials DU30 and PRRD, is a Filipino lawyer and politician who served as the 16th president of the Philippines from 2016 to 2022. He is the chairperson of PDP–Laban, the ruling political party in the Philippines during his presidency. Duterte is the first president of the Philippines to be from Mindanao, and is the oldest person to assume office, beginning his term at age 71. Born in Maasin, Leyte (now in Southern Leyte), Duterte moved to Davao as a child where his father, Vicente Duterte, served as provincial governor. He studied political science at the Lyceum of the Philippines University, graduating in 1968, before obtaining a law degree from San Beda College of Law in 1972. He then worked as a lawyer and was a prosecutor for Davao City, before becoming vice mayor and, subsequently, mayor of the city in the wake of the 1986 People Power Revolution. Duterte won seven terms and s ...
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DuterteNomics
DuterteNomics is a catch-all term referring to the socioeconomic policies of Rodrigo Duterte, the 16th president of the Philippines. A significant part of these policies include the development of infrastructure and industries in the Philippines. Background Finance Secretary Carlos Dominguez III has said that the government required what he describes as an "audacious" economic strategy in order for the Philippines to "catch up with its more vibrant neighbors" by 2022 and help it achieve high-income economy status within a generation. The term ''DuterteNomics'' was coined to describe the economic policy of the Duterte administration. The term also refers to the series of forums where Duterte's economic team pitches the administration's plan to help the country become a high-middle-income economy by 2022. The policy was unveiled on April 18, 2017, by the Department of Finance and the Presidential Communications Operations Office (PCOO), in cooperation with the Center for Strate ...
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Benigno Aquino III
Benigno Simeon Cojuangco Aquino III (; February 8, 1960 – June 24, 2021), also known as Noynoy Aquino and colloquially as PNoy, was a Filipino politician who served as the 15th president of the Philippines from 2010 to 2016. The son of assassinated politician Benigno Aquino Jr. and 11th president Corazon Aquino, he was a fourth-generation politician as part of the Aquino family of Tarlac. Benigno Aquino III previously served as a member of the House of Representatives and Senate from 1998 to 2010, and also as a deputy speaker of the House of Representatives from 2004 to 2006. On September 9, 2009, shortly after the death of his mother, he announced his candidacy in the 2010 presidential election, which he eventually won. He was sworn into office as the 15th president of the Philippines on June 30, 2010, succeeding Gloria Macapagal Arroyo.
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Gloria Macapagal Arroyo
Maria Gloria Macaraeg Macapagal Arroyo (, born April 5, 1947), often referred to by her initials GMA, is a Filipino academic and politician serving as one of the Deputy Speaker of the House of Representatives of the Philippines, House Deputy Speakers since 2022, and previously from 2016 to 2017. She previously served as the List of presidents of the Philippines, 14th president of the Philippines from 2001 until 2010. She is the longest serving president of the Philippines since Ferdinand Marcos. Before her accession to the presidency, she served as the List of vice presidents of the Philippines, 10th vice president of the Philippines from 1998 to 2001 under President Joseph Estrada, making her the country's first female vice president, despite having run on an opposing ticket. She was also a Senate of the Philippines, senator from 1992 to 1998. After her presidency, she was elected as the House of Representatives of the Philippines, representative of Pampanga's Pampanga's 2nd cong ...
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Joseph Estrada
Joseph Ejercito Estrada, (; born Jose Marcelo Ejercito; April 19, 1937), also known by the nickname Erap, is a Filipino politician and former actor. He served as the 13th president of the Philippines from 1998 to 2001, the 9th vice president of the Philippines from 1992 to 1998, and the 21st mayor of the City of Manila, the country's capital, from 2013 to 2019. In 2001, he became the first chief executive in Asia to be formally impeached and resigned from power. At the age of 85, he is currently the oldest living former Philippine President. Estrada gained popularity as a film actor, playing the lead role in over a hundred films in an acting career spanning some three decades. He also worked as a model, beginning as a fashion and ramp model at the age of 13. He used his popularity as an actor to make gains in politics, serving as mayor of San Juan from 1969 to 1986, as senator from 1987 to 1992, then as vice president under President Fidel V. Ramos from 1992 to 1998. Estr ...
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Mindanao
Mindanao ( ) ( Jawi: مينداناو) is the second-largest island in the Philippines, after Luzon, and seventh-most populous island in the world. Located in the southern region of the archipelago, the island is part of an island group of the same name that also includes its adjacent islands, notably the Sulu Archipelago. According to the 2020 census, Mindanao has a population of 26,252,442 people, while the entire island group has an estimated population of 27,021,036 according to the 2021 census. Mindanao is divided into six administrative regions: the Zamboanga Peninsula, Northern Mindanao, the Caraga region, the Davao region, Soccsksargen, and the autonomous region of Bangsamoro. According to the 2020 census, Davao City is the most populous city on the island, with 1,776,949 people, followed by Zamboanga City (pop. 977,234), Cagayan de Oro (pop. 728,402), General Santos (pop. 697,315), Butuan (pop. 372,910), Iligan (pop. 363,115) and Cotabato City (pop. 325,079). ...
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1997 East Asian Financial Crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided. The crisis started in Thailand (known in Thailand as the ''Tom Yam Kung crisis''; th, วิกฤตต้มยำกุ้ง) on 2 July, with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, most of Southeast Asia and later South Korea and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt. South Korea, Indonesia and Thailand were ...
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President Of The Philippines
The president of the Philippines ( fil, Pangulo ng Pilipinas, sometimes referred to as ''Presidente ng Pilipinas'') is the head of state, head of government and chief executive of the Philippines. The president leads the executive branch of the Philippine government and is the commander-in-chief of the Armed Forces of the Philippines. The president is directly elected by the people, and is one of only two nationally elected executive officials, the other being the vice president of the Philippines. However, four vice presidents have assumed the presidency without having been elected to the office, by virtue of a president's intra-term death or resignation. Filipinos generally refer to their president as ''pangulo'' or ''presidente'' in their local language. The president is limited to a single six-year term. No one who has served more than four years of a presidential term is allowed to run or serve again. The current president of the Philippines is Bongbong Marcos, who wa ...
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World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ...
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