US
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.
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 […]
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 […]
US MCC to hurt PH economy more—IBON
November 15, 2017
The Philippines will be more incapable of building and protecting its own industries and economy under another Millennium Challenge Corporation (MCC) grant from the United States. Research group IBON said this in light of the recent agreement between US president Donald Trump and Philippine president Rodrigo Duterte to strengthen socio-economic ties in their Association of […]
Rising US, China protectionism: Philippines still on losing end
November 14, 2017
By Audrey De Jesus Free trade agreements (FTAs) are 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 […]
Rehashed neoliberal policies: One year of Dutertenomics
June 28, 2017
The Philippines is in a worsening socio-economic crisis. The direction of economic policies under the Duterte administration is alarming and in urgent need of correction. The government’s economic team still uses the anti-development policy framework of past administrations which will mean greater economic distress for the majority of Filipinos. The economy’s poor performance since June […]
Duterte admin’s econ direction troubling, but peace talks may stir change?
January 18, 2017
While the unorthodox Pres. Rodrigo Duterte gained popular support due to its pro-poor pronouncements and promise of change, research group IBON said that the neoliberal economic agenda prevails as Duterte’s economic managers and other dominant groups push big business-biased/free market-oriented policies over people-centered reforms. Nevertheless, IBON also said that the ongoing peace negotiations between the […]
