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This perspective aligns with broader Liberal Party critiques of media dynamics that amplified negative perceptions amid Rodrigo Duterte's strong mandate, downplaying systemic factors like uneven economic benefits under prior administrations.In reflecting on the Liberal Party's technocratic governance model during the Aquino era (2010–2016), Roxas highlighted sustained macroeconomic gains—average annual GDP growth of 6.2%—against the backdrop of only modest poverty reduction, from 26.3% incidence in 2010 to 21.6% in 2015, suggesting that structural reforms yielded long-term stability but struggled against populist promises of rapid, visible relief.[67][68] This contrast, in his view, contributed to voter shifts toward charismatic, anti-elite figures, though empirical data indicates the model's emphasis on fiscal discipline and investment inflows supported resilience but insufficiently addressed inequality-driven discontent.
dead . . He believes that the cancellation of the deal would not affect the relationship of the Philippines with China.[50]
In order to finally put a just closure to national divisiveness, Roxas filed Senate Resolution No. 135 calling on President Gloria Macapagal Arroyo to issue a pardon to former President Joseph Ejercito Estrada (popularly known as "Erap") at the appropriate time, in which he said: "The grant of pardon to Erap on humanitarian grounds should not in any way be construed as condoning corruption, or as diminishing the legal weight of the ruling of the Sandiganbayan, but serves solely as an embodiment of the people's will for closure on one of the most divisive chapters of our national life."[51]
Regarding the Japan–Philippines Economic Partnership Agreement, Roxas has said: "In trade negotiations, no deal is always better than a bad deal."[52]
He issued a warning after President Gloria Macapagal Arroyo pressed on the Senate to ratify the Japan-Philippine Economic Partnership Agreement (JPEPA) amid concerns aired by Tokyo for the early approval.
Roxas was optimistic that the pact would be given serious consideration by the Senate if the government revised the deal to get a better trade-off.[53]
Aquino cabinet
See main article: Benigno Aquino III presidential campaign, 2010.
See main article: article and Mar Roxas 2010 presidential campaign.
Betheena. While direct attributions from Roxas remain sparse, the Wharton's market-oriented pedagogy—emphasizing causal links between policy incentives and outcomes—aligned with his subsequent policy orientations toward liberalization and accountability.Early post-graduation engagements in finance further honed Roxas's reliance on data for decision-making, reinforcing a causal view that corrupt practices distort markets and hinder growth, distinct from politically expedient interventions.[12] This intellectual grounding contributed to his advocacy for evidence-based governance, viewing corruption not merely as moral failing but as a structural barrier to productive investment.
Pre-political career
Business and professional experiences
After graduating from the Wharton School of the University of Pennsylvania with a Bachelor of Science in Economics in 1979, Roxas began his professional career as an investment banker on Wall Street.[11][13] In this role, he gained experience in financial markets and capital mobilization during a period of global economic shifts, including the early stages of deregulation in the United States.[13]Returning to the Philippines, Roxas focused on fostering private sector growth by mobilizing venture capital funds targeted at small and medium enterprises (SMEs).[1] This work emphasized attracting foreign investment and enhancing operational efficiency in emerging sectors, aligning with the country's gradual economic liberalization in the post-Marcos era.dead . The couple married in 1955.[14] He has two siblings: Maria Lourdes (married to Augusto Ojeda and mother of three) and Gerardo Jr. (1960–1993), a former congressman.[15]
After grade school and high school at the Ateneo de Manila University, Roxas attended the[16][17][18]Wharton School of the University of Pennsylvania in Philadelphia, majoring in Economics and earning a Bachelor of Science degree in 1979.[19] After graduation, he worked for seven years as an investment banker in New York City, and became an assistant vice president of the New York-based Allen & Company.[20]
Following the 1985 announcement by President Ferdinand Marcos of a snap election, Roxas took leave of absence to join the presidential campaign of Corazon Aquino.
He served in the Cabinet of the Philippines as Secretary of the Interior and Local Government from 2012 to 2015. December 21, 2024.
He is the son of former Senator Gerry Roxas.
After graduation from the University of Pennsylvania,[1][2] Roxas worked as a banker in New York, mobilizing venture capital funds for small and medium enterprises. . September 13, 2023.
In an emotional speech, Roxas declared that he would not deviate from the "straight path" initiated by Aquino in the fight against poverty and corruption. In his resignation letter to President Aquino, he once again thanked him for his endorsement and vowed to "begin the process of turning over in an orderly manner all the matters pending in my office."[63] During his final flag ceremony at Camp Crame, Roxas bade goodbye to his colleagues and thanked the members of the Philippine National Police.
In the United States, he participated in the first financing for Discovery Channel and Tri-Star Pictures.[21]
Congress
Roxas' younger brother, Dinggoy, who represented the 1st District of Capiz, died of colon cancer in 1993. July 31, 2015.