Fidel Ramos' Term.

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  • Topic: Philippines, President of the Philippines, Ferdinand Marcos
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Fidel Ramos' contribution to the Philippine Economy (from Wikipedia).

Fidel V. Ramos, the 12th President of the Philippines (1992–1998), is remembered for steadfastly promoting the principles of people empowerment and global competitiveness. He quickly led the nation out of darkness in 1993, putting an end to the power crisis that crippled Filipino homes and industries for two years. He pursued, focused and converged programs to fight poverty in accordance with the will of the Filipino people expressed by 229 structural/reform laws enacted by Congress during his term.

The Philippine economy recovered dramatically during the years 1993-1997. Ramos vigorously implemented a comprehensive Social Reform Agenda (SRA) that addressed the long-standing problem of poverty: jobs and livelihood, health, education and skills training, housing, environmental protection, children and the youth, the elderly and the handicapped, agrarian reform, and access to equal opportunity. Gross National Product averaged 5 percent annually. Average income of the Filipino family grew more during his administration than in the preceding two decades. He pushed for the deregulation of key industries and the liberalization of theeconomy. He encouraged the privatization of public entities, to include the modernization of public infrastructure through an expanded Build-Operate-Transfer (BOT) law. While communist insurgency dwindled to historic lows, he achieved a peace agreement with military rebels and the secessionist Moro National Liberation Front (MNLF) for which he won for the Philippines the coveted 1997 UNESCO Peace Award—the first for Asians. FVR is known as the "Centennial" President, having planned and supervised the 100th Anniversary of the country's Declaration of Independence from Spain on 12 June 1998.

Economy
Overview
President Fidel Ramos embarked on an ambitious development plan dubbed "Philippines 2000." Under the plan, several industries critical to economic...
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