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To the astonishment of many political observers last month, Benigno Aquino III, the embattled president of the Phillipines, openly entertained the possibility of seeking a second term in office in 2016. That would require amending the constitution and contradicting the core principles of his mother, democracy icon and former President Corazon Aquino, who insisted on a single-term presidency to prevent the return of Ferdinand Marcos-style dictatorship. Aquino’s plans represent a sharp turnaround since his 2010 election, which precipitated an unusual period of political stability and economic dynamism in the Philippines. After a decade of political uncertainty and sputtering growth under […]