The Filipino’s average income (measured as GDP per capita) in 1985 was less than what it was 12 years before (1973). All the growth during the Martial Law period was washed out, with Juan and Juana de la Cruz holding a much-depleted income bag. And it would take the Philippines until 2002 to regain the real per capita income levels it was enjoying before the collapse.
(Good grief.Golden years?)
Reader, if you want to find out for yourself the truth about the Marcos dictatorship and/or whether or not those years could be considered “GOLDEN YEARS” as far as the Philippine economy and its polity are concerned, there are two documents that will give you very hard evidence on the matter, and which are available on the internet.
BSP Governor Felipe Medalla and his monetary board have to answer the question: how much economic growth is the government willing to give up in order to bring inflation down?
Wouldn’t you like to see, in black and white, Reader, a list of the PBBM’s accomplishments and mistakes, in his first hundred days of the presidency? I will try to oblige.
Data shows that while the Philippines was even considered more restrictive than China, our FDI went up. When China was deemed most restrictive, their FDI went up. Our FDI doesn’t seem to depend on restrictiveness, but on perceived corruption.
If we were to grade the Duterte administration’s performance on the basis of hard evidence, not just on the spiels of the administration’s various PR personnel and spokespersons, what would that grade be?