Ramos Should Exit Gracefully
When President Fidel V. Ramos of the Philippines plays host at the Asia Pacific Economic Cooperation meeting in Manila next month, his accomplishments will be in plain view. Construction is booming, the telephone system is being upgraded, and a light-railway system is being built. With the economy bustling along, growth rates could soon reach 8%. An ambitious privatization program has helped Ramos balance the budget, while reforms in areas from education to housing have demonstrated to citizens and foreign investors alike that democracy and development aren't mutually exclusive. Under Ramos' steady hand, the country that was once one of Asia's laggards has been transformed.
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