This lead to a destabilized government. Politics were shaken and people started to lose their trust in the government. During the Ramos administration, civil liberty and government stability was restored. The Philippines was recovering from economical difficulties that arose from the lack of foreign investors during the Aquino administration. Because of the Coup attempts, foreign investors felt it was risky for them to invest in the Philippines, thus, economy wasn’t booming. Though the Asian Financial Crisis of 1. Philippines wasn’t as badly affected as other Asian Nations. During this crisis, the Philippine Peso devaluated and dropped because of a fiscal deficit. The people of the Phlippines needed to be empowered to think economically for the betterment of the economy. Also, prior to Ramos’ policies and laws, the Philippines was experiencing frequent brownouts lasting up to twelve hours due to old and ancient power plants. Peace was made with the Mindanao Hostiles. Ramos became instrumental in securing the peace agreement with the Muslims. A strong campaign for nationalism in preparation for the centennial anniversary of the Philippines was present. PRIMARY PROBLEMS Asian Financial Crisis. In 1. 99. 7, the Philippine economy plunged because of the Asian Financial Crisis. The annual growth rate of the Gross National Product fell in 1. The Philippines was experiencing widespread and frequent brownouts because of the huge demand for electricity and the old and depreciated power plants. PROMISES DURING THE ELECTIONS AND INAUGURATION. This department rationalizes the organization and functions of government agencies responsible for the management of energy in the Philippines. Being that one of the projects of Ramos was the proper management, sourcing, and allocation of energy, this act had to be implemented in order to have a department responsible for it. Republic Act 7. 64. Electric Power Crisis)This act prescribes the measures that are necessary and proper to effectively address the electric power crisis in our country. President Ramos fully understood that political stability was the key to the success of his ambitious economic and social programs. West Point Association of Graduates Primitivo Mijares has this for Ramos: 'In the military, I could only point out to Major General Fidel V. Leftist groups have also criticized Ramos for his economic reforms such as. Fidel 'Eddie' Valdez Ramos, GCMG (born March 18, 1928). During the Ramos administration. Economic The Philippines. Welcome to KASPIL2 Bloom's site! First RP- US Visiting Forces Agreement. The effect of this agreement is that it allows the government of the United States to keep the authority over their military personnel that are accused of committing crimes in the Philippines. This agreement exempts the US military personnel from visa and passport regulations in the Philippines, from being tried in Filipino religious or military courts, materials exported and imported by the military from duties or taxes. This agreement allows unrestricted movement of vessels from the United States and aircrafts in the Philippines. Republic Act 7. 83. Anti- electricity and Electric Transmission Lines/Materials Pilferage Act)This act penalizes theft and pilferage of electric lines and materials. This act further allows foreign investments. It supports Republic Act 7. Philippines. Deregulation and Privatization of Major Industries. Protection of Migrant Workers. Ramos facilitated the enactment of Republic Act 8. Migrant Workers Act. This act protects Filipino workers abroad. Peace and Stability. Economic Growth and Development. Energy and Power Generation. Environmental Protection. Streamlined Bureaucracy Agrarian Reform Program. Restatement of the Death Penalty BENEFICIARIES OF THE LAWS AND PROGRAMSAgrarian Reform Program. Because of the Flor Contemplacion case that the government failed to negotiate properly, upon learning the sentence of Sarah Balabagan, Ramos immediately ordered UAE Ambassador to facilitate the negotiations. Sarah’s case was lowered and she was released in 1. Republic Act 8. 17. Foreign investors benefited from this Act because the Philippine market was made opened to the world. HOLES AND SHORTCOMINGS OF THE LAWSDespite the resolution of the power shortage crisis, the Philippines fell into large debt because with the implementation of the formation of the Department of Energy, Ramos was granted special authority to give licenses to independent power producers to construct powerplants. This would guarantee that the government would buy the power that the independent power producers produced in US Dollars. When the East Asian Financial Crisis entered, this became a problem to the Philippines because the value of the peso declined. Thus, another hole of the government was that the investments from foreign investors were sought as ineffective. Presidency of Fidel Ramos; 12th President of the. Leftist groups have also criticised Ramos' economic reforms such as. President Fidel Ramos. Ramos<br />12th President of. This is to induce economic. President Fidel Ramos of the Philippines delivered an overview of his administration’s accomplishments during the. Pursued Economic Growth within the., plans and programs. Despite the implementation of the Migrant Workers Protection Program, there have been cases where the lack of focus on the program occurred. One such is the Flor Contemplation Hanging. ISSUES AND CONTROVERSIESPEA- AMARI Scam Manila Bay Reclamation Deal. FVR Was accused of Corruption. This deal involved acquiring 1. Manila Bay and it was supposedly going to be converted to what is called as “Freedom Islands”. The government was accused of corruption because they were said to favor Amari Costal Bay Resources and Filinvest Development by selling them a bigger portion for their own intentions. Ramos was accused that the deal was clinched to benefit the members of Lakas- NUCD, which was Ramos’ group. Centennial Expo and Conversion of Military Base in Fort Bonifacio for Private Development. The Centennial Expo was supposedly one of his notable contributions to the Philippines and the people. The government was charged of alleged corruption and the misuse of funds. The projects relating to the Expo site were said to be extravagant and showed the inefficiency of the administration. They said it was a convenient vehicle to effect election fund- raising for the Lakas Political Party of Ramos. The issue there was that there was a budget set for the entire project. However, not all the projects were completed but the entire budget was spent. SUMMARY OF GOVERNANCETax reformation from 4% to 1. He pulled people to be more nationalistic through his Philippines 2. Philippine market opening to foreign businesses.
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