Why the Philippines, Asia’s rich country, became poor

(1)Why Asia’s rich country became poor
(2)Money Today Reporter Lee Jae-eun 201903110605
(3)Lee Jae-eun’s country, the Philippines, and poor country ① led the Asian economy until the 1970s, and led the way by producing the first female president in Asia in the 1980s

(1)Former Philippine President Maksai Photo = Wiki Commons
(2)During his presidency, Maksai was once again respected for his integrity He did not grant any benefits to his family and confidants He refused to allow road bridges and buildings to be called after him, fearing his idolization He also made headlines for returning his presidential protocol privileges. He was a devastating leader to the people of other Asian countries at the time When he died in a plane crash on his way back from Cebu Island in 1957, there was a global wave of remembrance. In 1958, the Rockefeller Foundation established the Magsaysay Foundation and established the Magsaysay Award. The Magsaysay Award is given to those who contribute to the development of Asia to honor the achievements of the Magsaysay for freedom. For reference, among Koreans, Jang Jun-ha, Kim Hwal-ran, Yun Hye-ran, and Park Won-soon also won the award
(3)Since then, the Philippines has been plunged into a dark age through the dictatorship of dictator Marcos. Marcos was elected as the 10th president by the nomination of the Nationalist Party in 1965 and remained in power for 21 years