Marcos and the Philippines at Davos
The Philippines have a long history of being represented at the World Economic Forum in Davos, Switzerland. This year, President Rodrigo Duterte is the first Filipino leader to join the prestigious event. His attendance is a testament to the country’s desire to join the global business and political conversations held at Davos each year.
Ferdinand Marcos and the World Economic Forum
The Philippines first joined the World Economic Forum in 1972 when then-President Ferdinand Marcos attended the annual event. During his three-day stay, Marcos met with many world leaders and used the forum to promote his country’s economic policies. He also highlighted the Philippines’ efforts to promote regional cooperation and integration.
The Philippines and the Global Economy
Since Marcos’ time, the Philippines has become an important part of the global economy. It is now one of the largest recipients of Foreign Direct Investment (FDI) in Southeast Asia and has been steadily increasing its economic growth rate over the past few years. The country’s GDP has grown by an average of 6.2% annually since 2010, making it one of the fastest-growing economies in the world.
Duterte’s Davos Participation
President Duterte’s presence at Davos marks a significant milestone in the Philippines’ history of participation in the World Economic Forum. He is the first Filipino leader to attend the event since Marcos, and it is a testament to the country’s commitment to engaging in global conversations about business and politics.
Duterte’s Economic Plans
At Davos, President Duterte discussed his plans to make the Philippines an attractive destination for foreign investment. He highlighted the country’s favorable tax policies and its commitment to creating an open and friendly business environment. He also discussed the country’s efforts to improve its infrastructure and promote its digital economy.
Philippines as a Regional Leader
In his speech, Duterte also touched on the Philippines’ role as a leader in the Southeast Asian region. He highlighted the country’s efforts to promote regional cooperation, integration, and peace. He also discussed the country’s active role in various regional initiatives, such as the Association of Southeast Asian Nations (ASEAN), and its commitment to helping its neighbors achieve their economic goals.
Duterte’s Reception at Davos
President Duterte’s speech at Davos was well-received by the delegates. He was praised for his willingness to engage in global conversations and for his commitment to promoting regional cooperation and economic development in Southeast Asia. His presence at Davos was seen as a sign of the Philippines’ emergence as an important player in the global economy.
President Duterte’s participation in the World Economic Forum is a testament to the Philippines’ commitment to engaging in global conversations about business and politics. It is also a reminder of the country’s long history of participation in the event, beginning with the visit of President Ferdinand Marcos in 1972. With the help of President Duterte’s leadership, the Philippines is sure to continue to be a major player in the global economy in the years to come.