globalization

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 […]

2018 Yearender: Are You High? The Economy Isn’t

December 31, 2018

by Sonny Africa Executive Director, IBON Foundation The Duterte administration’s economic managers made some odd statements as the year wound up. Economic planning secretary Ernesto Pernia said “the Philippine economy became stronger and even more resilient than ever”. Finance secretary Carlos Dominguez III insisted on “the soundness of the Duterte administration’s economic development strategy”. Bangko […]

Contractualization: A Neoliberal Policy (Excerpt from IBON Facts & Figures)

April 26, 2018

The exploitative practice of labor contracting is a continuing legacy of the country’s feudal and colonial history. It dates back from the cabo system – a labor arrangement that proliferated during Spanish colonialism. Cabos acted as labor negotiators and suppliers to companies and project or contract-based (pakyao) jobs. The system was commonly practiced in small-time […]

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 […]

ASEAN way: Big China-funded water, energy infra to displace more communities

November 20, 2017

Can be more catastrophic than MRT  Business projects oblivious to human communities are a trademark of the Association of South East Asian Nations (ASEAN) and other globalization platforms, advocacy groups said Monday. Shortly after the conclusion of the 31st ASEAN Summit, indigenous peoples, and water and energy rights advocates slammed China-funded water and energy projects […]

Rising US, China protectionism: Philippines still on losing end

November 14, 2017

By Audrey De Jesus Free trade agreements (FTAs) is a major agenda item for countries attending the 31st Association of Southeast Asian Nations (ASEAN) Summit. whether at the meeting proper or the sidelines. Contrary to the projection that FTAs promote partnerships for development, however, these FTAs are becoming more and more one-sided. As the world […]

Regions with biggest mining activities among the poorest–IBON

February 23, 2017

Contrary to claims that closing down mining operations will worsen poverty, research group IBON said that large-scale mining activities impact heavily on marginalized sectors and intensify poverty. The group also said that the mining sector’s export-oriented character further deprives communities by taking away potential resources for local development. The Employers’ Confederation of the Philippines (ECOP) […]

Marcos-initiated “globalization” led to PH economic decline

November 26, 2016

  “In 1980, the Marcos regime actually made the Philippines the first country in Asia and the second country in the world, after Turkey, to be at the receiving end of a World Bank structural adjustment loan (SAL). The conditionalities of the US$200 million loan included among others tariff cuts, removal of import licenses and […]

Marcos ensured US-directed IMF/WB intervention in PH policy making

November 25, 2016

    “The rule of Nacionalista Party’s Ferdinand E. Marcos which began in 1965 was strong on nationalist and patriotic rhetoric. Yet Pres. Marcos was by no means a nationalist if ‘nation’ is understood as the majority of Filipinos and ‘nationalism’ as upholding their interests and asserting Filipino sovereignty over foreign powers. “Most anti-nationalist president. […]