Country Quote by Corazon Aquino
“My biggest disappointment was, of course, the coup attempts, ... The economy was proceeding very well, but in 1989 we had the most serious coup attempt and ... many of the investors who were set to come here had to tell me that they chose to go to other countries because of the uncertainty brought about by (the coup attempt.) If that had not happened, I'm sure our economy would just be booming today ...”
About This Quote
Source Speech: Inaugural Address, Corazon Aquino, 1986
Economic growth was hampered by political instability, especially the 1989 coup, causing investors to flee and limiting potential prosperity.
In simple terms: Coup attempts scared investors, hurting the economy.
Key Takeaway
Stability is essential for investment.
Themes
politics
economics
investment
stability
risk
Mood
concerned
optimistic
Type
political
economic
When to use this quote
- foreign investment decisions
- government policy
- risk assessment
- economic forecasting
Key Concepts
political risk
investor confidence
economic development
Questions to Reflect On
- How can political stability be sustained?
- What policies attract investors despite risk?
A Different Perspective
Even without coups, other factors could still limit growth.
![“Let's stop for a second and remember where we were eight years ago [in 2008]. We had the worst financial crisis, the Great Recession, the worst since the 1930s. That was in large part because of tax policies that slashed taxes on the wealthy, failed to invest in the middle class, took their eyes…” quote by Hillary Clinton](https://sms4smile.com/quotes/img-quotes/945/hillary-clinton-51_1930s_let-s-stop-for-a-second-and-remember-whe_3099032.jpg)
![“That country [Carthage] was rapidly sinking into the state of barbarism from whence it had been raised by the Phoenician colonies and Roman laws; and every step of intestine discord was marked by some deplorable victory of savage man over civilized society.” quote by Edward Gibbon](https://sms4smile.com/quotes/img-quotes/70c/edward-gibbon-710_barbarism_that-country-carthage-was-rapidly-sinkin_393.jpg)
