February 2001
Reform moves back to square one
he two administrations that succeeded that of Ferdinand Marcos put the Philippines on the road to economic recovery and did their best to wipe out cronyism and corruption. The recently ousted Estrada regime went a long way to reversing their achievements. Maggie Ford reports on the chances of Gloria Macapagal-Arroyo restoring reform and removing some of the deep-seated inequalities among Filipinos
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Macapagal-Arroyo: "We are stuck in the
politics of
personality and paronage" |
The swearing in on January 20 of former vice-president
Gloria Macapagal-Arroyo as president of the Philippines was the
culmination of a long period of pressure from the financial and
political elite for the ousting of president Joseph "Erap" Estrada.
People power only played its part at the very end.
For weeks on end, there was not a student on the streets or a
businessman in a coffee shop in central Manila. The entire nation
sat transfixed in front of TV sets as the removal of Estrada
ratcheted into high gear at his impeachment trial in parliament.
In a nation renowned for its pioneering public demonstrations, the
front-line troops who were revealing wrongdoing and calling for
Estrada's resignation were not ordinary citizens, or the army, but
an array of financial technocrats who had held the highest offices
in the land. Finance ministers, stock...
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