By Javad Heydarian
After almost a decade of democratic hollowing and shallow economic growth in the Philippines, the Benigno Aquino administration has been relatively successful in restoring confidence in markets, strengthening democratic institutions, and bringing back a semblance of political stability. Indeed, the last two years have witnessed relatively high levels of economic growth, poverty-alleviating programs, encouraging signs of democratic consolidation, and popular satisfaction with the new government’s policies.
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