Admittedly, the process of domestic retooling is as tedious as it is fraught, but upwards of 40% of Filipinos live on less than $2 a day.
This sobering statistic underlines the unfinished nature of Aquino's reform drive—and the tragedy of Duterte pivoting elsewhere. Again, Duterte didn't invent the "Cult of GDP" that warps Manila's incentives. But China's cash infusions are enabling Manila's penchant for thinking that when gross domestic product is zooming along, its job is done.
That disposition collides with a Trump trade war slamming China. Philippine growth slowed to a four-year low in the first quarter. That 5.6% growth from a year earlier makes for a grim bookend. Granted, few foresaw Trump's November 2016 election win–or the epic trade battle to come–when Aquino was leaving the palace. At least from a growth standpoint, Duterte is squandering the Aquino boom.






































