Presidential Address: Cause for Concern in the Philippines

This paper focuses on the administration of Ferdinand Marcos, President of the Philippine Islands, 1965–1986, with particular emphasis on economic policy, fiscal abuse and monopolization during a period of martial law. The paper traces the resultant grave social consequences for the impoverished country, the consternation of the international banking community, and the eventual election to the presidency of Corazon Aquino in February, 1986.