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Friday, February 23, 2007

 

EDITORIAL

The economic impact of extrajudicial killings


President Arroyo can justifiably boast that she has managed the financial and economic departments of the Republic very satisfactorily. And for this she has earned plaudits from authoritative foreign and local observers.

Hardly anyone—barring the partisan purveyors of doomsday-scenarios—is criticizing Mrs. Arroyo and her Cabinet-level economic managers about the financial and economic reform policies they have set and the way they are carrying out these policies.

The World Bank, the Asian Development, the International Monetary Fund, a number of credit and investment-ratings agencies, as well as Philippine-based foreign chambers of commerce and policy gurus have praised President Arroyo and her economic managers for having reduced the government’s budget deficit and achieved six years of uninterrupted economic growth.

The words of the World’s Bank’s chief economist, Francois Bourgignon, are typical of the laudatory well-wishing assessments made by foreigners: “Now that the [Philippine fiscal] situation has been corrected, it is time to adopt the Asian type of very fast growth. There’s enough dynamism in the country for that.”

And the President is accepting the challenge.

Because of all the government’s financial and economic successes there is now enough money to invest in massive job creation, in improving the educational system to make the young Filipinos even more skillful, competitive and abler producers of economic results, in health care and in poverty-reduction.

“There is no turning back. We will balance the budget, create new jobs and lift this nation up. For once, we have traveled the path of 24 quarters of uninterrupted growth. We have demonstrated to ourselves and to the world that we can sustain our economic growth and not be derailed by political sideshows,” she told the media at a briefing the other day. “We aim to stay on this course and continue to prove to ourselves and to the world that the Philippines has arrived at a new place where issues, policies and ideas trump personalities and politics.”

Yes, the old Filipino penchant for reducing everything to partisan and personality-based political wars must be trumped by wise policies and programs based on thorough scientific study of accurate and factual details. The coming May elections must be fought on issues.

Undermining President Arroyo’s achievement

The extrajudicial killings—of leftist militants, crusa­ding judges and journalists—by government soldiers and officers and the unsatisfactory military and police response to them make a proper and legitimate issue. It undermines President Arroyo’s fiscal and economic triumphs.

These murders now occur daily. They spread worldwide an image of President Arroyo’s administration as something incompetent in fighting criminality—and arouses the suspicion that it may actually be complicit in these extrajudicial killings.

Globally-televised and reported in the world press, the behavior of the republic’s justice secretary and the military command toward UN rapporteur Philip Alston, their responses to Alston’s devastating report, have created an image of the Philippines as a country as monstrous as the evil Latin-American dictatorships that were eventually punished by US and European governments and investors. Their regimes collapsed and their economies crumbled.

The Canadian ambassador, who was a roundtable guest of The Times early this week, described the economic impact of the passage of the antiterrorism bill and the extrajudicial killings.

The antiterrorism bill, Ambassador Peter Sutherland said, signals to governments and investors that the Philippines is taking security against terrorists seriously, making this country a safer place for investors. The extrajudicial killings, however, create a sense of fear among people abroad—including investors—that the civilian law enforcement officers are not able to safeguard the safety of Filipinos and their investor-guests from criminals, some of whom are government military and police officers, the people who commit extrajudicial executions with impunity.

These same fears were expressed—with warnings—in 2005 and again in 2006 by Manila-based foreign chambers of commerce.

There is a myth—spread by people who want to establish undemocratic juntas and martial-law regimes—that businessmen and investors care only for money. That they have no time to worry about human rights and injustice. Study what happened during the dictatorship here and in Latin America. You will discover that only crooks and shady investors gravitated to Marcos’ cronies and to Latin American countries notorious for military men and police who abused their citizens and murdered militants, antigraft judges and journalists.

President Arroyo must not allow people in the law-enforcement agencies, in the military and the police who have perpetrated extrajudicial killings—or “are in denial” about these—to continue undermining her fiscal and economic achievements. They are the ones who, if unchecked, will stop the Philippine surge to First World socio-economic status.

   
 

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