The older generation will probably remember that the
Philippines was the economic giant among the ASEAN countries in the
1960s, even overwhelming the likes of Indonesia, Thailand, Singapore,
Malaysia and Vietnam.
Today, the Philippines is a pale shadow of
its former glory, overtaken by Indonesia, Thailand, Singapore and just
or about on par with Vietnam and Malaysia. Years of economic
mismanagement and corruption has taken its toll on the second biggest
country in ASEAN in terms of population.
Like India, population
growth in the Philippines is not translating into what they hyped up as
'demographic dividends' to be reaped. To do that job creation must grow
in tandem, which both countries are short of. In fact, the Philippines
is losing out in attracting and even being hollowed out with big
investments by foreign capital leaving the country, and this is a
longer-term problem with an expanding population.
The fact that
the Marcos family's past unsavory history still enabled Marcos Jr to
return and become the President tells us that Filipinos are still asleep
under a rock and not waking up. Corazon Aquino's rise under a People's
Revolt have turned into wasted effort and dust and allowing the Marcos
family's return is causing Benigno Aquino, her husband, to turn in his
grave.
What Marcos Jr is doing is turning back the clock in the
Philippines and destroying the country in the footprint of his father,
instead of seeking repentance for the misdeeds of father during his
years of pillaging the country and bringing sufferings to the people.
Anonymous