homework
CONDITION OF THE PHILIPPINES
The Philippines came close to a financial meltdown in 2001 during the impeachment of Former President Estrada. The revenues were too low, with its $54.8 billion in foreign debt too high which followed a lower nation credit rating. In addition to this foreign investors were reluctant to invest in the Philippines at that time due to the political crisis the country was experiencing.
The impeachment case against failed to push through, the people marched to the streets and EDSA 2 was born. When Former President Estrada was finally removed from Malacanang, there was another rally attempt by Estrada’s supporters. This attempt was supposedly “EDSA 3” but it failed due to the lack of supporters.
Former President Joseph Estrada left President Arroyo with a country which needed to recover due to the political crisis and the economic crisis. Estrada has left Arroyo with a lot of problems. When Estrada was forced out of office, there were numerous rallies by Estrada’s supporters; some resulted into a bloody confrontation between Erap Supporters and the police. It was a challenge to Arroyo to gain the trust of not only her people but of the trust of the investors as well. She needed to encourage more investments to improve the economy and to improve the lives of the Filipino’s. It was Arroyo’s challenge to bring the Filipino’s back to its feet.
PRIMARY PROBLEMS
Killings
• There have been more than 840 killings in the Philippines since President Gloria Macapagal Arroyo came to power. • One of the major problems of the Philippines are the arbitrary, unlawful and extrajudicial killings which includes the death of journalists. • More than half of the journalists who were killed after Marcos’ time were killed during the Arroyo administration. Only in three cases of killings were the killers been convicted but no mastermind was brought to court. • The Philippines is now considered as the
The Philippines came close to a financial meltdown in 2001 during the impeachment of Former President Estrada. The revenues were too low, with its $54.8 billion in foreign debt too high which followed a lower nation credit rating. In addition to this foreign investors were reluctant to invest in the Philippines at that time due to the political crisis the country was experiencing.
The impeachment case against failed to push through, the people marched to the streets and EDSA 2 was born. When Former President Estrada was finally removed from Malacanang, there was another rally attempt by Estrada’s supporters. This attempt was supposedly “EDSA 3” but it failed due to the lack of supporters.
Former President Joseph Estrada left President Arroyo with a country which needed to recover due to the political crisis and the economic crisis. Estrada has left Arroyo with a lot of problems. When Estrada was forced out of office, there were numerous rallies by Estrada’s supporters; some resulted into a bloody confrontation between Erap Supporters and the police. It was a challenge to Arroyo to gain the trust of not only her people but of the trust of the investors as well. She needed to encourage more investments to improve the economy and to improve the lives of the Filipino’s. It was Arroyo’s challenge to bring the Filipino’s back to its feet.
PRIMARY PROBLEMS
Killings
• There have been more than 840 killings in the Philippines since President Gloria Macapagal Arroyo came to power. • One of the major problems of the Philippines are the arbitrary, unlawful and extrajudicial killings which includes the death of journalists. • More than half of the journalists who were killed after Marcos’ time were killed during the Arroyo administration. Only in three cases of killings were the killers been convicted but no mastermind was brought to court. • The Philippines is now considered as the