2013’s Biggest Surprise? The Philippines
Saturday, December 29, 2012
President Aquino III answers questions during a forum with the Foreign Correspondents Association of the Philippines (John Javellana/Courtesy Reuters).
In an excellent overview of the political and economic changes that occurred in the Philippines in 2012, the Financial Times this week discussed how the country, long the “sick man” economy of Southeast Asia, is primed for a significant take off, putting it in a much higher class of fast-growing economies, like Indonesia, India, China, and others. The paper rightly gives credit to the president, Benigno Aquino III, for overseeing new investments in infrastructure, taking a personal interest in—and reaching—a real peace deal with rebels in the south, taking on the Catholic church to make birth control more accessible in one of the most devoutly Catholic nations in the world, and targeting high-profile corruption cases. Read more »















