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Marcos 2.0 likely to accelerate Philippines' backward slide

Key watchpoints will be whether corruption and cronyism worsen

| Philippines
Ferdinand "Bongbong" Marcos Jr. celebrates outside his headquarters in Mandaluyong on May 11: Hints might come from his cabinet choices.   © AP

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

Pinpointing inflection points is hard enough in highly developed economies, never mind one as cacophonous as the Philippines. But voters just delivered one by returning the disgraced Marcos clan to the presidential palace in Manila.

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