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.
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Errata: In the September/October 2016 issue (volume 56 number 5, pages 836 and 849), there was a technical printing error in Figures 1b and 2 of the article by Ajay Raina that resulted in a loss of data on the graphs. This online article contains the restored figures in their original, correct state. The error is regretted.