Growing global economic distress as G7 meet ends
May 22, 2023
The global economy is being dragged down by fundamental forces that even the mighty US is still captive to. It may be the world’s dominant imperialist power but it is still merely monopoly capitalist and as such subject to the deeply-ingrained contradictions of capitalism.
The G7 summit: Will Hiroshima deliver the economic interests behind militarism?
May 19, 2023
What the G7 wants and the manner it exacts these are untenable and are only bound to hurt the majority of the world’s populations. Thus, these vested economic interests can only be pursued through relentless US warmongering and militarism. But even that is a paper tiger – people around the world are rising up with more vigorous struggles and resistance against imperialism and war.
US military spending largest in the world
May 10, 2023
US military spending is larger than of the next ten countries combined — China, Russia, India, Saudia Arabia, United Kingdom, Germany, France, South Korea, Japan, and Ukraine. The military spending of just these 11 countries in turn is more than by the remaining 180 or so other countries in the rest of the world combined.
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 […]
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 […]
Building destruction? Foreign creditors gain more from Duterte’s infra plan
July 21, 2017
by Arnold Padilla #PeoplesSONA2017 / IBON Features — One of the anticipated highlights of President Rodrigo Duterte’s second State of the Nation Address (SONA) is his grand infrastructure plan dubbed Build! Build! Build!. There are concerns that it would result in a heavy debt burden. The issue is valid. After all, the price tag of […]
Boost job generation by developing Filipino agri, industry–IBON
July 20, 2016
The basic economic issues confronting the new Duterte administration will take center stage in the peace negotiations as the next substantive agenda on the Comprehensive Agreement for Social and Economic Reforms. IBON joins the public in aspiring for the soonest resumption of the peace negotiations between the government and the National Democratic Front and the Moro […]