International Monetary Fund
Golden years?: The real long-lasting economic damage wrought by Marcos
September 21, 2021
The Marcos administration was notorious for world-beating cronyism and corruption. But this is not enough to fully explain the worst economic collapse in Philippine history and continued decline long after the dictatorship was overthrown.
IMF sees Vietnam overtaking PH: It’s not because of COVID
October 15, 2020
Our economic managers would do well to stop being blinded by their neoliberal dogma and start taking a more strategic view of national development. Without radical changes in our economic policies the Philippines will just keep getting left further behind.
Heightening China-PH economic relations: friends with benefits?
November 19, 2018
by Rosario Bella Guzman There is a growing concern about the phenomenal increase of Chinese capital flowing into the Philippine economy. China has recently overtaken the US in terms of foreign direct investment (FDI) inflows and trade. In the first semester of 2018, FDI from China amounted to US$175 million as compared with Japan’s US$154 […]
Aid for profit undermines development
December 5, 2016
Official development aid (ODA) is increasingly becoming a tool to support private profits rather than people-centered development. This indicates the persistence of the neoliberal ways that prevent aid from meaningfully contributing to national development. The Second High-Level Meeting of the Global Partnership for Effective Development Cooperation (GPEDC) recently held in Nairobi, Kenya, concluded with a […]
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. […]