neoliberalism

The global crisis is a crisis of capitalism

Sat, 22 Nov 2008 02:06:02 +0000

The shallow basis for such declarations from the government is supposedly the fact that most of Philippine exports are being sent to China rather than the US. But China is just a transit point or a gigantic department in the assembly line that spans the globe. Thus exports to China will simply be assembled there and then ultimately sent to the US, Japan or Europe as finished products. Such is the international division of labor under the era of globalization.

Export Opinion: A development economist poses a counterhistory of free trade

Wed, 30 Jan 2008 18:59:22 +0000

n the 1980s, as developing countries across the world struggled with crushing debt burdens and slow-growing economies, they were pushed—by the United States and international financial institutions—to embrace a set of policies that promised to rescue them. These policies, which are often grouped under the label neoliberalism, proceeded from the assumption that developing countries interfered too much with the workings of their markets.