Summary

Portrait of Ferdinand Marcos Ferdinand Marcos Fifth State of the Nation Address

Accordingly, I am assured that with the proper measures, after a period of six months we should recover from this temporary imbalance in our economy.
In the meantime we must be patient even with the most impatient among our people. No one is more in a hurry for development and for improvements than I. But I repeat I must balance the public good against the welfare of the few, and naturally you and I must always choose the general welfare against limited welfare.
Source: Wikisource

Portrait of Ferdinand Marcos Ferdinand Marcos Fifth State of the Nation Address

THE ECONOMY
Our economy is developing vigorously.
The economic difficulties—namely, the balance of payments problem and inflation—that beset us are consequences of the massive capital expenditures that we made and not of stagnation. As such, they are temporary and can be surmounted. But to surmount them, we need strength of purpose and discipline. We have to subordinate our personal desires to the needs and aspirations of the nation. We have to train ourselves to use our resources carefully and fruitfully.
Source: Wikisource

Portrait of Ferdinand Marcos Ferdinand Marcos Fifth State of the Nation Address

The keynote of our foreign policy is self-reliance and independence; the method, flexibility in the pursuit of national objectives; the watch word, nationalism.
Foreign policy does not operate in a vacuum. It operates in a world which resounds with the clash of national interest. For the Philippines as for any other nation the objective is to discover among a diversity of purposes a community of interest with other countries which can be pursued for the common benefit.
Source: Wikisource

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