this is a quote from wikipedia bro
Philippines - Wikipedia, the free encyclopedia
After World War II, the country was for a time regarded as the second wealthiest in East Asia, next only to Japan.[59][105][106] However,
by the 1960s its economic performance started being overtaken. The economy stagnated under the dictatorship of Ferdinand Marcos as the regime spawned economic mismanagement and political volatility.[59][106] The country suffered from slow economic growth and bouts of economic recession. Only in the 1990s with a program of economic liberalization did the economy begin to recover.[59][106]
marcos was the philippine president from 1965 to 1986. most competitive ta during sa time ni marcos? before sa time ni marcos nuun.
another one bro:
Ferdinand Marcos - Wikipedia, the free encyclopedia
To help finance a number of economic development projects, the Marcos government borrowed large amounts of money from international lenders.[47][48]
The Philippines' external debt rose from $360 million (US) in 1962 to $28.3 billion in 1986, making the Philippines one of the most indebted countries in Asia.[47] A sizable amount of this money went to Marcos family and friends in the form of behest loans. These loans were assumed by the government and still being serviced by taxpayers. Today, more than half of the country's revenues are outlaid for the payments on the interests of loans alone
kana nga situation kay mura ra nang ni asenso kuno ang pilipinas kay daghan nga nakita na bag o sa pilipinas pero inutang ra diay kasagaran. inig paningil na sa utang aw tago kay walay ikabayad. mao nay resulta sa mangutang unya i waldas ra ang kwarta.