The 1997 Asian Financial Crisis and the Revival of Populism/Neo-Populism in 21st Century Philippine Politics

Some analysts have attributed the 1997 Asian financial crisis to the actions of interventionist developmental East Asian states that had allegedly distorted the operation of the market. This view, however, does not apply to the Philippine case, as the country has never been construed as developmental. In fact, this article argues, the Asian financial crisis created the opportunity for the revival of populism/neo-populism in 21st century Philippine politics.