Ramos
Ramos
Ramos
RAMOS
(June 30, 1992- June 30, 1998)
FIDEL “EDDIE” VALDEZ RAMOS known as FVR the eight president
of the third Philippine Republic (June 30, 1992- June 30, 1998) was
born on March 20, 1928 in Lingayen Pangasinan, the second degree
cousin of Ferdinand E. Marcos. He graduated from the United
States Military Academy at West point.
Death Penalty
When he campaigned for Presidency, Fidel Ramos declared
his support for reinstating of the death penalty. Capital
punishment was abolished for all crimes in 1987, making the
Philippines the first Asian country to do so. In 1996, Ramos signed
a bill that returned capital punishment with the electric chair
(method used from 1923 to 1976, making the Philippines the only
country to do so outside U.S.) “until the gas chamber could be
installed”. However, no one was electrocuted nor gassed, because
previously used chair was destroyed earlier and at last the
Philippines adopted the lethal injection. Some people were put to
death by this means, until the death penalty was reabolished
again in 2006.
B. Economic Development Under Ramos Administration
Through increased pressure on formal institutions by the
country’s growing civil society movement whose members
primarily work with social, economic and environmental concerns.
The Ramos administration’s “Philippines 2000” economic
development plan has provided better policies and programs to
address the social, economic, and political problems of the
Philippines. Political leaders and members of civil society
recognized that the drive to attract foreign investment depends on
political stability and peace and order. Ramos administration’s
emphasis on peace negotiations with the armed position also
provides the opportunity to demand social and economic justice as
a condition for them to lay their arms.
Trade
Trade had a big contribution to the nation’s economy. Big
portion of imports came from the United States. Imports from
United states included electrical machinery, cereals, medical
instruments, food waste and animal feeds. In 1997, the
country’s total imports were 34 billion US dollars while the
exports were 25 billion US dollars. The country’s trade partners
are the United States, Japan, European Union countries,
Taiwan, Saudi Arabia, and Hong Kong. The Philippines has a
lengthy and complicated economic relationship with the United
States.
Foreign Relations
One of the top priorities of Ramos administration was
reform of the political economy, whose efforts were aided by a
widespread sense that new approaches were needed to reverse
the country’s poor economic performance. The liberalization
and privatization programs of most countries have influenced
the Ramos administration, since most of these
nations are economically successful.
Through it, the country had decided to join series of
associations that demanded greater commitment to economic
openness notably the Asia-Pacific Economic Cooperation
(APEC), World Trade Organization (WTO), the General
Agreement on Trade and Tariffs (GATT), and the free trade area
of the Association of Southeast Asia Nations (ASEAN), known as
AFTA.
Economic Reforms
President Ramos began implementing economic reforms
to open up once closed national economy, encourage private
enterprise, invite more foreign and domestic investment, and
eliminate corruption. Although he was criticized as the most
traveled president of the Philippines with numerous foreign
trips, he was able to generate US$ 20 billion worth of foreign
investments out of those trips.
On November 1996, Ramos led the 4th Asia Pacific Economic
Leader’s Summit in the Philippines, to attract investors and
for the Philippines to gain positive financial outlook. He also
instituted reforms in the tax system, which included a forced
increase on VAT (E-VAT law) from 4% to 10% mandated by the
international Monetary Fund and the World bank.
Under his administration, the Philippines enjoyed economic
growth and stability. Philippine Stock Exchange in the mid-
1990s was among the best in the world ad his visions of “
Philippines 2000” that led the country into a newly
industrialized country in the world and the “Tiger Club in
Asia”. Philippines 2000 five-point program included peace
and stability, economic growth and sustainable development,
energy and power generation, environmental protection and
streamlined bureaucracy.
C. Socio- Cultural Development Under Ramos Administration
Spratly Islands