That could be true, but nonetheless it happened during Pres cory admin and was it considered and highlihted as human rights violation? As it was labeled imfamous.. anyway, that really happened among other “ incidents“
Well it could be difficult to get the data per se and tedious but let’s take what Enrile has got to say about this.When you say lower, how much was the ratio of the cost per KW-hr against the minimum wage at that time compared with the current ratio? Do you have the data? Show it here and I might agree with you.
“ The expensive electricity in the country did not occur accidentally. It was the direct and inevitable result of a series of bad, careless, and ill-advised decisions of national leaders after the EDSA Revolution of 1986. To grasp fully the import of these decisions, one has to go back to the Marcos era“
“The creation of the Department of Energy, the segregation of generation and transmission of electricity from the distribution of electric power, and the careful synchronization of supply of and demand for electricity worked well during the Marcos years. The rates were fairly reasonable and stable, and there was no grumbling from the people“
Still this happened during those times, which in return was beneficial to all. They have in fact brought back NutriBun lately. Give credit to NutriBun and for those folks who are generous enough to provide them to those in need..NutriBun were not from Marcos. That was US Aid (honestly, that was one of my good memories for that time including the yellow corn) since the Philippines was a strategic location for the US during the Cold War and thus, they poured much Aid for the Philippines to ensure that our government will retain their bases.
Several factors to consider on the Philippine economy during that time and it maybe true that it was not the case of being the Tiger of Asia. But to state that in his first term Marcos tried to stabilize the financial position of the government through an intensified tax collection. He also borrowed heavily from international financing institutions to support a large-scale infrastructure works projects were built. He improved agricultural production to make the country self-sufficient in food, especially in rice.Try to check again... RP was an envy for the other South East Asian Nations before Marcos including Lee Kwan Yew of Singapore. However, as I've said in my previous posts, RP was a poor country shortly before Marcos was exiled. He was even begging for a loan from Lee Kwan Yew in which he was turned down for the fear that he (Lee Kwan Yew) might not see that money again.
So you can't expect that our country can recover in such a immediately considering the debt that Marcos left. To think also, the loan that Marcos requested from Lee KY was just for the payment of the interest of the previous loans.
With regards to LKY's account related to the Philippines, I think you can research it on the internet. Also, there is a post in this thread today regarding the trend of out debt from the time of Marcos until Pnoy. It also graphed the Peso to Dollar exchange rate. try to read it...
Here’s an excerpt:
ECONOMIC CHANGES UNDER MARCOS
“To hasten the economic development, President Marcos implemented a number of economic programs. These programs helped the country to enjoy the period of economic growth I the mid-1970's up to the early 1980's.
The farmers were given technical and financial aid and other incentives such as "price support". With the incentives given to the farmers, the country's agricultural sector grew. As a result, the Philippines became self-sufficient in rice in 1976 and even became a rice exporter.
To help finance a number of economic development projects such as soil exploration, the establishment of geothermal power plants, the Bataan Nuclear Plant, hydro-electric dams, the construction of more roads, bridges, irrigation systems and other expensive infrastructure projects, the government engaged in foreign borrowings.
Foreign capital was invited to invest in certain industrial projects. They were offered incentives including tax exemption privileges and the privilege of bringing out their profits in foreign currencies. One of the most important economic programs in the 1980's was the Kilusang Kabuhayan at Kaunlaran (KKK). This program was started in September 1981. Its aim was to promote the economic development of the barangays by encouraging the barangay residents to engage in their own livelihood projects.
The government's efforts resulted in the increase of the nation's economic growth rate to an average of six percent to seven percent from 1970 to 1980. The rate was only less than 5 percent in the previous decade. The Gross National Product of the country (GNP) rose from P55 billion in 1972 to P193 billion in 1980.
Another major contributor to the economic growth of the country was the tourism industry. The number of tourists visiting the Philippine rose to one million by 1980 from less than 200,000 in previous years. The country earned at $500 million a year from tourism. A big portion of the tourist group was composed of Filipino balikbayans under the Ministry of Tourism's Balikbayan Program which was launched in 1973.
Another major source of economic growth of the country was the remittances of overseas Filipino workers. Thousands of Filipino workers found employment in the Middle East and in Singapore and Hongkong. These overseas Filipino workers not only helped ease the country's unemployment problem but also earned much-needed foreign exchange for the Philippines.“





