Abstract

The Economic Threat to Marcos
Tarr, Peter | March 24, 1984 issue

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Philippine President Ferdinand Marcos had blamed the Western media for contributing to difficulties being encountered by Philippines in December 1983. The involuntary publicity to grisly details of the assassination of Benigno Aquino Jr. has succeeded in distracting the attention of the world from the economic crisis being faced by Philippines. The assassination has held a severe blow to foreign investments in the country, and foreign reserves have been drawn to pay for raw material imports. What is even worse is the inequitable feeling that the U.S. will go to great lengths to release Philippines from this crisis.

See Also:

PHILIPPINES -- Economic conditions; MARCOS, Ferdinand E. (Ferdinand Edralin), 1917-1989; PRESS & politics; INVESTMENTS, Foreign; INTERNATIONAL relations; PHILIPPINES; UNITED States
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