Up until the 1960's, the Philippines was second only to Japan in terms of development in Asia. Several decades of rule by Ferdinand Marcos plunged the country into deep debt. Poverty was widespread and infrastructure for development was severely lacking. In 1986, the People Power uprising finally overthrew the Marcos government. He was replaced by Corazon Aquino, widow of slain opposition leader, Benigno "Ninoy" Aquino, Jr.
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