Philippines 2000
Encyclopedia
Philippines 2000 was the socio-economic
program of former Philippine president
Fidel V. Ramos
. The plan envisioned the Philippines achieving Newly-industrialized country status by the year 2000.
The Philippines 2000 program formed the core of the Ramos campaign platform in the 1992 elections
which largely centered on economic reforms and improved national security and unity.
and the Philippine Long Distance Telephone Company
, which were privitized and de-monopolized during his tenure. He was also able to resolve the power crisis in the Philippines through privitization of power plants and the construction of new ones. The reforms spurred additional investment into the Philippines.
Other economic reforms achieved during the Ramos administration was the re-adjustment of the value added tax
from four percent to an International Monetary Fund
and World Bank
-mandated ten percent. The success of the reforms paved the way for the Philippines to be called "Asia's New Tiger".
Economic reforms instituted during the Ramos era enabled the Philippines to experience growth rates of up to nine percent annually, and enjoy annual budget surpluses well into his tenure. The economic reforms instituted in the Philippines 2000 platform would have an effect on how the Philippines would be affected in the 1997 East Asian financial crisis.
Perhaps one of the greatest legacies of Philippines 2000 regarding peace and stability was the 1996 peace treaty signed between the Philippine government and the Moro National Liberation Front
, ending over thirty years of conflict on the island of Mindanao
.
, and the ten-point Strong Republic agenda instituted by Gloria Macapagal-Arroyo
.
..
Socioeconomics
Socioeconomics or socio-economics or social economics is an umbrella term with different usages. 'Social economics' may refer broadly to the "use of economics in the study of society." More narrowly, contemporary practice considers behavioral interactions of individuals and groups through social...
program of former Philippine president
President of the Philippines
The President of the Philippines is the head of state and head of government of the Philippines. The president leads the executive branch of the Philippine government and is the commander-in-chief of the Armed Forces of the Philippines...
Fidel V. Ramos
Fidel V. Ramos
Fidel "Eddie" Valdez Ramos , popularly known as FVR, was the 12th President of the Philippines from 1992 to 1998. During his six years in office, Ramos was widely credited and admired by many for revitalizing and renewing international confidence in the Philippine economy.Prior to his election as...
. The plan envisioned the Philippines achieving Newly-industrialized country status by the year 2000.
Platform
The Philippines 2000 platform largely hinged on five major areas:- Peace and Stability
- Economic Growth and Sustainable Development
- Energy and Power Generation
- Environmental Protection
- Streamlined Bureaucracy
The Philippines 2000 program formed the core of the Ramos campaign platform in the 1992 elections
Philippine general election, 1992
The senatorial election was held in the Philippines on May 11, 1992. This was the first general election under the 1987 Philippine Constitution. An estimated 80,000 candidates ran for 17,000 posts from the presidency down to municipal councilors...
which largely centered on economic reforms and improved national security and unity.
Effects and legacy
The Philippines 2000 platform was widely successful, making it one of the greatest legacies of the Ramos administration to the Philippines. Ramos was successfully able to open the then-closed Philippine economy and break Marcos-era formed monopolies, especially with regard to Philippine AirlinesPhilippine Airlines
Philippine Airlines, Inc. operating as Philippine Airlines, is a flag carrier of the Philippines. Headquartered in the Philippine National Bank Financial Center in Pasay City, the airline was founded in 1941 and is the first and oldest commercial airline in Asia operating under its original name...
and the Philippine Long Distance Telephone Company
Philippine Long Distance Telephone Company
The Philippine Long Distance Telephone Company commonly known as PLDT, is the largest telecommunications company in the Philippines. PLDT is also the largest company in the Philippines, ranked 1138th in the April 2009 update, and 1080th in the April 2010 update, of Forbes' Global 2000 list...
, which were privitized and de-monopolized during his tenure. He was also able to resolve the power crisis in the Philippines through privitization of power plants and the construction of new ones. The reforms spurred additional investment into the Philippines.
Other economic reforms achieved during the Ramos administration was the re-adjustment of the value added tax
Value added tax
A value added tax or value-added tax is a form of consumption tax. From the perspective of the buyer, it is a tax on the purchase price. From that of the seller, it is a tax only on the "value added" to a product, material or service, from an accounting point of view, by this stage of its...
from four percent to an International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
and World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
-mandated ten percent. The success of the reforms paved the way for the Philippines to be called "Asia's New Tiger".
Economic reforms instituted during the Ramos era enabled the Philippines to experience growth rates of up to nine percent annually, and enjoy annual budget surpluses well into his tenure. The economic reforms instituted in the Philippines 2000 platform would have an effect on how the Philippines would be affected in the 1997 East Asian financial crisis.
Perhaps one of the greatest legacies of Philippines 2000 regarding peace and stability was the 1996 peace treaty signed between the Philippine government and the Moro National Liberation Front
Moro National Liberation Front
The Moro National Liberation Front is a political organization that was founded by Nur Misuari in 1969. The MNLF struggles against the Philippine Government to achieve independence of the Bangsamoro Land...
, ending over thirty years of conflict on the island of Mindanao
Mindanao
Mindanao is the second largest and easternmost island in the Philippines. It is also the name of one of the three island groups in the country, which consists of the island of Mindanao and smaller surrounding islands. The other two are Luzon and the Visayas. The island of Mindanao is called The...
.
Successors
The Philippines 2000 program would be succeeded by two other socio-economic programs: Angat Pinoy 2004, instituted by Joseph EstradaJoseph Estrada
Joseph "Erap" Ejercito Estrada was the 13th President of the Philippines, serving from 1998 until 2001. Estrada was the first person in the Post-EDSA era to be elected both to the presidency and vice-presidency.Estrada gained popularity as a film actor, playing the lead role in over 100 films in...
, and the ten-point Strong Republic agenda instituted by Gloria Macapagal-Arroyo
Gloria Macapagal-Arroyo
Gloria Macapagal-Arroyo is a Filipino politician who served as the 14th President of the Philippines from 2001 to 2010, as the 12th Vice President of the Philippines from 1998 to 2001, and is currently a member of the House of Representatives representing the 2nd District of Pampanga...
.
..