at least
tolerant
influence,
of
gained
to do so.
Agrarian
Reform the
Many
manager himself
wealth
of
of Trade
of a food
alld
conglomerate
as a representative
on
also
their
and
of the group ratlier
resisted Io
down
and
the overvalued
businesses
were
Peso. heavily
Also,
Atlullio's
as the owiier
appeared
inalltlFiicturer,
who would get hurt
did and
they
slowed
Ills liaeklrouiid
also
in Congress
(ilstl_l'ti¢iliS.
appliance
of tile group
presence
alid
traditional
rcllc_'llnli.
Thus
aild
to
sl,ccessfully
hilid.
strut'lure
wealth
iRIvalltages
drastically
(it tht, ill()lcCtlillitst
liidutilry,
such
links alld
tariff
p,)ssessed
'i*huy
based
influential
fortunes
nlliinlellance
uilll?e
their
the distorted
thus acted more In behalf
b.
their
already
to reform
oil the
MllllSli_r
have
;ilrt+atiy
_tivel-illllelll.
The
(short-term)
c,mhl
the Ailtlinil
law.
since
first
lllt+allS,
the CARP, alltl used
action
the
grq+ul+s who
and
weakened
delilah=lent
.
influence
continue
down
Those
l+y wll;llcvPr
disproportionately
water
hletluily.
and
to see
by the reforms,
and
than the entire economy.
Exogenou_Factors _xacerbatlng
country
were
confronted between
lhe
tile
the
economic
natural
country.
the natural
Droughts.
calamities
"Fable
calamities
Droughts
troubles
19, lists and
•political
and
other
these
exogenous
the other,
affected
and
various
exogenous
political
parts
uncertainty factors
factors, and
of
tile
which
differentiating
International
of the country
events.
through
most
of
.'.......
the 1986
to 1992
Tile El NlmJ phenomenon
period.
held
agricultural
from
tim second semester
droughts ": "Mlndanao drougtits
also
production
the
prlilclpiil •
l.uzon,
the entire Pliilipidnes'
• •
counlryis
oF 1987
hit Northern
through are
down
:
..
:
Crops ailtl •
...]
in the
Central
to mid-1988, the
period. principal
Ce,_tral
caused and and
Northern again
Visayas
Unfortunately, ilr0ducii0n
an extended
drought
l.uzon
in 1990.
and Central
rice plain Intermittent
and
the areas badly areas
for rice
and
Northern hit by the corn,
.
food
Sial,lies. The
"..','..
111
droughts
thus Caused
that
production
the