esidential candidate and standard bearer of the opposition. The elections were widely considered rigged when Marcos was proclaimed the winner. This led to the People Power Revolution, instigated when two long-time Marcos allies—Armed Forces of the Philippines Vice Chief-of-Staff Fidel V. Ramos and Secretary of National Defense Juan Ponce Enrile—resigned and barricaded themselves in Camp Aguinaldo and Camp Crame. Exhorted by the Cardinal Archbishop of Manila Jaime Sin, people gathered in support of the rebel leaders and protested on Epifanio de los Santos Avenue (EDSA). In the face of mass protests and military defections, Marcos and his allies fled to Hawaii and into exile. Corazon Aquino was recognized as president.
The return of democracy and government reforms after the events of 1986 were hampered by national debt, government corruption, coup attempts, a persistent communist insurgency, and Islamic separatists. The economy improved during the administration of Fidel V. Ramos, who was elected president in 1992. However, the economic improvements were negated with the onset of the East Asian financial crisis in 1997. In 2001, amid charges of corruption and a stalled impeachment process, Ramos' successor Joseph Estrada was ousted from the presidency by the 2001 EDSA Revolution and replaced by Gloria Macapagal-Arroyo. Her administration that lasted 9 years was tied with graft and corruption and numerous political scandals. As a result of the May 2010 elections, Benigno "Noynoy" Aquino III was elected president
