Tag: global crisis

Global crisis even less reason for charter change

September 28, 2019

The Duterte government argues that the protections for the economy in the 1987 Constitution are outdated, and that removing them will increase foreign direct investment (FDI) and improve competitiveness. This is however oblivious to the reality of growing protectionism worldwide amid slowing growth, trade and investment. Adverse global economic conditions undermine the arguments for economic […]

Global Trouble, Local Bubble

January 26, 2019

by Sonny Africa The Philippine economy is slowing amid a global economy in a new period of uncertainty, unpredictability and volatility. The country’s economic policymaking however remains stuck in an imaginary world of efficient free markets, beneficial globalization and humane capitalism. A clearer view of where the world is today compels new economics more than […]

From stalled WTO to a new world order

December 18, 2017

Trade deals were stalled mainly due to large developed countries’ differences at the recently concluded World Trade Organization (WTO) 11th ministerial conference (MC-11) in Buenos Aires, Argentina. The bigger powers especially the United States (US) and the European Union (EU) pushed their own development agendas and set aside that of the lesser economies, while accusing the […]