MANILA -- In his final State of the Nation speech as president of the Philippines, Benigno Aquino III declared that his government had curbed corruption, long deemed a barrier to foreign investment, and overseen growth in a country once derided as "the sick man of Asia."
"More than five years have passed since we put a stop to the culture of 'wang-wang,' not only [on] our streets, but in society at large," Aquino said in July 2015. "Wang wang," note James Robinson and Daron Acemoglu, co-authors of "Why Nations Fail," a much-lauded book published in 2012, is a term "derived from the blaring sirens of politicians' and elites' cars urging common people to get out of the way," and is used in the Philippines to refer to corruption.
