The programs of Philippine President Ferdinand Marcos included the Decentralization Act and the Investment Incentives Act of 1967. These programs were a part of the Republic Acts and had the purpose of reforming the government and improving the financial situation of the Philippines.Continue Reading
The Decentralization Act was an act granting autonomous authority to regional and local governments. The Investment Incentives Act approved incentives to investments in the Philippines.
President Ferdinand Marcos’s foreign policy supported involvement in the Vietnam War on the side of South Vietnam. However, this same policy supported open relations with all Asian countries. He was a founding member of the Association of Southeast Asian Nations.
In an attempt to improve the financial situation in the Philippines, Marcos declared Martial Law in 1972. This move earned him the admiration of the World Bank, but ultimately did not improve the Philippine economy. Marcos left the Philippines an unequal capitalist society.
Despite his developments in foreign policy and attempts at government and financial reform, Ferdinand Marcos tarnished his presidency with corruption and fraud. A Philippine assembly attempted to impeach Marcos in 1985. In 1986, he attempted to retain control of the government but failed and went into exile. He died in 1989.Learn more about Modern Europe