As one of the first liberal democracies in East Asia, the Philippines, which has been among the fastest growing economies in the world, has followed a similar pattern. A more careful look at the country, however, reveals that recent growth has been far from inclusive, while political dynasties have been dominating the elected institutions.
The 40 richest families, for instance, accounted for 76 percent of newly created growth in recent years - the highest rate of growth-concentration in Asia.
Meanwhile, up to 70 percent of legislators hail from political dynasties, which control 73 out of 80 provinces. The Philippines, just like India, Indonesia, and Peru, is essentially an oligarchy disguised as democracy.