President Aquino has demonstrated that it is possible to be part of political dynasty yet be focused on the common good, and achieve enough in a single term of office to transform the country from the sick man of Asia to one of its leading economies.
The Philippines cannot afford to backtrack. If the constitution is not changed, and Aquino does not run, win, and serve a second term, the country risks losing its hard won gains, and could easily fall back into some bad habits.
While Mr. Putin may rightly bask in the light of his many accomplishments in foreign policy, and having presided over the energy boom that thrived during much of his first term in office, he is now faced with some serious issues that cast a pall over Sochi.
Over the past decade the Philippines' sovereign credit rating oscillated between "negative" and "stable," reflecting concern about the ability of the government to collect sufficient tax revenue, manage its budget, and sustain a high rate of GDP growth.