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    Who Is Diosdado-WPS Office

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    Rose Marie Alumbro
    Diosdado Macapagal was the second president of the Philippines, serving from 1961 to 1965. He came from a poor family but achieved academic success. As president, he introduced economic programs to develop the Philippines such as decontrolling foreign exchange, but they may have primarily benefited foreign interests over local ones.

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    Who Is Diosdado-WPS Office

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    Rose Marie Alumbro
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    Diosdado Macapagal was the second president of the Philippines, serving from 1961 to 1965. He came from a poor family but achieved academic success. As president, he introduced economic programs to develop the Philippines such as decontrolling foreign exchange, but they may have primarily benefited foreign interests over local ones.

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    Who is Diosdado-WPS Office

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    Diosdado Macapagal was the second president of the Philippines, serving from 1961 to 1965. He came from a poor family but achieved academic success. As president, he introduced economic programs to develop the Philippines such as decontrolling foreign exchange, but they may have primarily benefited foreign interests over local ones.

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    Who Is Diosdado-WPS Office

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    Rose Marie Alumbro
    Diosdado Macapagal was the second president of the Philippines, serving from 1961 to 1965. He came from a poor family but achieved academic success. As president, he introduced economic programs to develop the Philippines such as decontrolling foreign exchange, but they may have primarily benefited foreign interests over local ones.

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    of 2

    Good morning each and everyone.

    i am rose Marie Alumbro and i am here with my co-reporters, ---- we


    are here today to talk about the post-war Philippine s&t the Macapagal administration, 1961-1965. but
    before we tackle about our main topic let me tell you some information about Who Diosdado
    Macapagal is.

    * Diosdado Macapagal he was the second of four children of Urbano Macapagal, a “plebeian
    intellectual” and Romana Pangan, a share tenant’s daughter. He was born on September 28, 1910,
    Diosdado hailed from San Nicolas, Lubao, Pampanga. Despite poverty, he finished at the head of his
    class in the Lubao Elementary School in 1925 and was salutatorian at the Pampanga High School in 1929.
    He then finished his Master of Laws degree in 1941, Doctor of Civil Laws (1947) and Doctor of
    Philosophy in Economics (1957). Macapagal first took on the job of an assistant attorney with the largest
    American law firm in the country, Ross, Lawrence, Selph and Carrascoso. He married Purita dela Rosa,
    with whom he had two children, Cielo and Arthur. She died of malnutrition in 1942. In 1946 he married
    Evangelina Macaraeg of Pangasinan. They had two children, Diosdado Macapagal Jr and Gloria
    Macapagal Arroyo (who also became the 14th president of the Philippines).

    Diosdado Pangan Macapagal was a Filipino lawyer, poet and politician who served as the ninth president
    of the Philippines, serving from 1961 to 1965, and the sixth vice president, serving from 1957 to 1961.
    He also served as a member of the House of Representatives, and headed the Constitutional Convention
    of 1970. He was the first poor man to become president of the Philippines. He was aptly tagged “Man of
    the Masses” and the “Incorruptible” for his unquestionable integrity.

    Decontrol Program

    The article is a historical investigation of the decontrol program propagated by the then President
    Diosdado Macapagal during his term in office from 1962 to 1966. The program was advanced, according
    to its proponents, with the end in view of fostering the Philippine economy using the modernization
    theory as model for economic development. Following the outward-looking economic policy or the
    Export-Oriented Industrialization (EOI), the decontrol program sounds very promising and was
    considered by Macapagal as the new hope for the common man. However, using the world systems
    theory as a framework, the study argues that the program was largely an influence of the Americans and
    other foreign business interests in order to control the Philippine economy. It was designed to serve the
    interests of the foreign elite groups who have made the local Filipino elite the puppets of the colonial
    masters. Simply put, the decontrol was an obvious perpetuation of the unbroken foreign hegemony to
    amass wealth from the country that begun from colonization to neo-colonization.

    The Foreign Reserve was depleted.


    As president, Macapagal worked to suppress graft and corruption and to stimulate the growth of the
    Philippine economy. He introduced the country's first land reform law, placed the peso on the free
    currency exchange market, and liberalized foreign exchange and import controls.

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