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The Philippines economy under Ferdinand Marcos and Fidel Ramos
Reign of Ferdinand Marcos, who presided over Philippines from 1965 to 1986, saw a stoppage of productivity as well as the Philippines economy growth, as a result of high levels of corruption gripping this country at that point in time. It was in such a bad state that its economic growth rate plummeted below that of a number of South East Asian economies that had not been doing well till then. Fidel Ramos tried to rectify that situation and was able to help Philippine economy register one of its highest gross domestic product growth rate in many years.
Today, the UK is seen as the most open Western economy to Chinese investment. Britain on the one hand needs Chinese trade and investment to reinvigorate its economy, while the Chinese sees London as crucial to its efforts to internationalise the yuan and open a financial gateway to Europe. Read more
Stephen S. Roach,
Mario Blejer & Eduardo Levy Yeyati,
Isam al Khafaji,
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