Podcast
Questions and Answers
What was the vision of Ramos that aimed to elevate the Philippines' status?
What was the vision of Ramos that aimed to elevate the Philippines' status?
- Philippines 2000 (correct)
- Philippine Dream
- Asian Tiger Initiative
- New Industrial Revolution
Ramos was the first Catholic president of the Philippines.
Ramos was the first Catholic president of the Philippines.
False (B)
Who led the opposition during the People Power Revolution supported by Ramos?
Who led the opposition during the People Power Revolution supported by Ramos?
Corazon Aquino
Ramos's presidency is best known for economic ________ aimed at liberalizing the economy.
Ramos's presidency is best known for economic ________ aimed at liberalizing the economy.
Match the following initiatives or events with their descriptions:
Match the following initiatives or events with their descriptions:
What notable action did Ramos take concerning the aviation industry?
What notable action did Ramos take concerning the aviation industry?
The Philippines was severely affected by the Asian Financial Crisis compared to its neighbors.
The Philippines was severely affected by the Asian Financial Crisis compared to its neighbors.
What significant agreement was signed during Ramos' administration in 1996?
What significant agreement was signed during Ramos' administration in 1996?
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Study Notes
Ramos Presidency
- Economic Growth & Stability: Philippines experienced significant economic growth and stability under Ramos' leadership, leading to its recognition as a "Tiger Cub Economy" in Asia.
- Philippines 2000 Vision: Ramos envisioned transforming the Philippines into a newly industrialized country by the year 2000.
- Liberalization & Modernization: The Ramos administration focused on liberalizing and modernizing the Philippine economy, implementing policies that encouraged foreign investment, deregulated industries, and privatized government-owned corporations.
- Aviation Industry: Ramos ended the government monopoly over the skies and opened aviation to new players.
- Election & First Protestant President: Ramos was elected president in 1992 under the Lakas-NUCD party, becoming the first Protestant president of the predominantly Catholic Philippines.
- Role in People Power Revolution: Played a crucial role in the 1986 People Power Revolution, defecting from Ferdinand Marcos and aligning with the opposition, led by Corazon Aquino, contributing to the revolution's success.
- Infrastructure Development: Addressed the power crisis by encouraging private investment in the construction of new power plants.
- Peace Agreement: Signed a peace agreement with the Moro National Liberation Front (MNLF) in 1996, marking a significant step towards peace in Mindanao.
- Political Stability: Maintained political stability despite several coup attempts in the past.
- Asian Financial Crisis (1997): The Ramos administration was impacted by the Asian Financial Crisis, causing a significant economic downturn in 1997. While the Philippines was affected, the impact was less severe compared to its neighbors due to earlier economic reforms.
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