= The Post-EDSA macroeconomic history of the Philippines covers the period from 1986 to the present time, and takes off from the acclaimed People Power Revolution in the EDSA revolution of 1986 (named after Epifanio de los Santos Avenue in Manila) that brought democracy and development potentials back to the country that was once in the perils of the Martial Law Era. From days, months, and even years of economic and financial collapse towards the end of that Martial Law Era came revolution, reform, and sustenance spearheaded by the Aquino, Ramos, Estrada, and Arroyo administrations that saw the Philippines get back on track and even through some of the wildest financial and political crises, such as the succeeding EDSA Revolutions, the Asian Financial Crisis, and the most recent "bubble bursts", among others. Revolutions, liberal ideas, and reforms aided the country towards robust growth, and crucial policies were conceptualized, developed, and enacted by the presidents and the advisers who supported them. The period also featured the emergence of civil society as important proponents of development, trade reforms and protections, improvements in exports and export- oriented manufacturing, and decentralization as an important take-off point for regional development.
2. What happened to literature after EDSA?
= Literature after EDSA in year 1986 marks a new beginning of a new scene for Filipino writers and artists. It saw the downfall of late President Ferdinand Marcos when he placed the Philippines under martial rule last September 21,1972. This action does not only oppress the writers' right to free expression but also created conditions that made collaboration and cooperation convenient choices for artists' struggling for recognition and survival. Furthermore, the growth of underground writing was created both in urban and in the countryside.