Forty years ago, the Philippines was the most highly developed Southeast Asian country. It boasted the best-educated population in the region, and it seemed to be on the edge of sustained industrialization and economic development. By the late 1960s, however, Philippine development had been derailed. Through the 1980s and the 199s, the country's economy failed to outpace its population growth, resulting in declining living standards for the poor and the middle class. The country's educational and health system declined during the dismal decades of the 1980s and 1990s. The main reason of the depression was Ferdinand Marcos' dictatorship. He wasted hundreds of millions of dollars, and his regime instituted a kind of crony
Forty years ago, the Philippines was the most highly developed Southeast Asian country. It boasted the best-educated population in the region, and it seemed to be on the edge of sustained industrialization and economic development. By the late 1960s, however, Philippine development had been derailed. Through the 1980s and the 199s, the country's economy failed to outpace its population growth, resulting in declining living standards for the poor and the middle class. The country's educational and health system declined during the dismal decades of the 1980s and 1990s. The main reason of the depression was Ferdinand Marcos' dictatorship. He wasted hundreds of millions of dollars, and his regime instituted a kind of crony