Fidel Ramos Essay

Fidel V. Ramos, the 12th President of the Filipinos (19921998), is remembered for steadfastly promoting the principles of mess empowerment and global competitiveness. He quickly led the nation out of darkness in 1993, place an end to the power crisis that crippled Filipino homes and industries for two years. He pursued, cogitate and converged programs to fight exiguity in accordance with the will of the Filipino people expressed by 229 structural/reform laws enacted by Congress during his term.The Philippine economy recovered dramatically during the years 1993-1997. Ramos vigorously implemented a comprehensive Social Reform Agenda (SRA) that addressed the long-standing problem of poverty jobs and livelihood, health, education and skills training, housing, environmental protection, children and the youth, the elderly and the handicapped, agrarian reform, and access to equal opportunity. earn National Product averaged 5 part annually. Average income of the Filipino family grew to a greater extent during his government activity than in the preceding two decades.He pushed for the deregulation of constitute industries and the liberalization of theeconomy. He make headwayd the privatization of human race entities, to include the modernization of public infrastructure through an expanded Build-Ope commit-Transfer (BOT) law. While communist insurgency dwindled to past lows, he achieved a peace agreement with military rebels and the secessionist Moro National lighting Front (MNLF) for which he won for the Philippines the coveted 1997 UNESCO Peace Awardthe outgrowth for Asians.FVR is known as the Centennial President, having planned and supervised the 100th anniversary of the countrys Declaration of Independence from Spain on 12 June 1998. thriftiness Overview President Fidel Ramos embarked on an ambitious development plan dubbed Philippines 2000. Under the plan, some(prenominal) industries critical to scotch development were privatized, such as electrici ty, telecommunications, banking, domestic shipping, and oil.Thetaxation strategy was reformed, and external debt was brought to more anageable levels by debt restructuring and sensible fiscal management. By 1996, gross national product was growing at a rate of 7. 2 percent and gross domestic product at 5. 2 percent. The annual inflation rate had dropped to 5. 9 percent from its high of 9. 1 percent in 1995. By the late 1990s, the Philippines economic growth gained favorable comparisons with other Asian countries such as Taiwan, Thailand, sulphur Korea, and Malaysia. The Philippine economy took a sharp downturn during the Asian financial crisis of 1997.Its fiscal deficit in 1998 reached P49. 981 one thousand million from a surplus of P1. 564 billion in 1997. The peso depreciated ( poisonous in value) to P40. 89 per U. S. dollar from its previous rate of P29. 47 to a dollar. The annual growth rate of the GNP fell to 0. 1 percent in 1998 from 5. 3 percent in 1997. contempt these s etbacks, the Philippine economy fared better than that of some of its Asian neighbors, and other nations praised the Ramos administration for its good housekeeping. Philippines 2000During his administration, Ramos began implementing economic reforms intended to open up the once-closed national economy, encourage private enterprise, invite more foreign and domestic investment, and reduce corruption. Ramos was as well known as the most-traveled Philippine President compared to his predecessors with numerous foreign trips abroad, generating roughly US$ 20 billion worth of foreign investments to the Philippines. To ensure a positive financial outlook on the Philippines, Ramos led the 4th Asia-Pacific frugal Cooperation (APEC) Leaders Summit in the Philippines on November 1996.He also instituted reforms in the tax system which includes a forced increase on tub (E-VAT law) from 4% to 10% mandated by World Bank and the International financial Fund. Under his administration, the Philip pines enjoyed economic growth and stability. His visions of Philippines 2000 led the country into a pertly industrialized country in the world and the Tiger Cub economic system in Asia. Philippines 2000 Five-Point Program * Peace and Stability * Economic Growth and sustainable Development * Energy and Power Generation * Environmental Protection * contour Bureaucracy