Fernando Marco Jr., the son and namesake of the Philippines dictator deposed in a popular revolt in 1986, he won a presidency election by a huge margin on Monday, according to unofficial results, marking a stunning comeback for the country’s most famous political dynasty. Read the full story
Below is the reaction to his victory.
Peter Mumford, Head of Practice of the Eurasia Group; Southeast Asia
“Marcos’ apparent landslide election victory is no guarantee that he will be a popular and / or effective leader, but he gets his presidency off to a great start. In particular, it will create a strong initial gravitational pull on members of Congress … and it will mean that more technocrats / economists will be willing to serve in his cabinet. “
“One of the key checkpoints under his administration will be whether corruption and patronage – already substantial risks in the Philippines – worsen. It will be interesting to see if he recognizes these concerns and reports / takes action in the coming weeks to reassure foreign investors, or if he appoints mainly close family members and other personal ties to key positions, reaffirming investor concerns. “
Alex Holmes, emerging Asian economist, capital economics
“Victory puts Marco in a position of power. Given his family background and his political career to date, there are concerns among investors that his election it will fuel corruption, nepotism and bad governance ”.
“Marco revealed some political details about the election campaign. But one thing he wishes to do is resume President Duterte’s “Build, Build, Build” infrastructure program, which he hopes to “expand and improve.” There is no doubt that the Philippines it would benefit from upgrading its infrastructure, which is considered to be among the worst in Asia. “
“The incoming president is also keen to pursue closer ties with China. Low-interest loans from China could help limit the fiscal impact of the infrastructure push.
“Wooing China would probably involve a compromise in relations with the Philippines“Traditionally, in the United States there seems to be little economic reason to move away from a country that accounts for a larger share of export demand than China, has invested heavily in large business process outsourcing, and is a huge source of remittances “.
Temario Rivera, former professor of political science, University of the Philippines
“Marco Jr’s victory marks the worst rise and concentration of dynastic political power in the country’s political history. But Robredo’s campaign (Vice President Leni) has also given birth to an opposition force that could challenge the regime’s impunity in power if properly led by progressive leaders who can inspire and move with the people “.-Reportage by Karen Lema and Martin Petty; Editing by Nick Macfie