Though Marcos has confounded the skeptics who feared chaos, his team has been slow to detail plans to reduce graft, address inequality, eliminate bureaucracy, strengthen human capital and support a tech startup boom. His term is at a crossroads.
William Pesek is an award-winning Tokyo-based journalist and author of “Japanization: What the World Can Learn from Japan’s Lost Decades.”
Asian stock markets from Japan to India are hitting new highs, but this rally has left the Philippines behind. What should alarm investors more than Manila’s tepid stock trading, though, is the country’s bull market in economic hubris.
