Tags: global economic crisis

BY JOSE MARIA SISON International League of Peoples’ Struggle (ILPS) DEMOCRATIC SPACE Posted by Bulatlat The International League of Peoples’ Struggle (ILPS) actively supports the general strike to be mounted in France starting January 29 by private and public sector workers, including those from schools, hospitals, national TV and radio, and the postal services; train-drivers,…

Even as the administration continues to deny that the global economic turmoil will push the country into a deeper crisis, the Philippines has effectively started to enter a recession. BY IBON FOUNDATION Posted by Bulatlat Even as the administration continues to deny that the global economic turmoil will push the country into a deeper crisis,…

As the US falls into recession, the rest of the global economy is being sucked downwards with it. The collapse of credit instruments originating in the U.S. is also weakening the financial balance sheets of banks and other overseas holders of these investments, affecting not just the banking sector but also stock markets abroad. Banks…

BY IBON FOUNDATION* INTERNATIONAL The deep problems of the imperialist-dominated world capitalist system are in very sharp focus today. The majority of humanity has long suffered unremitting poverty and exploitation – but the people are being pushed into even greater difficulties by the current episode of intense economic and financial crisis which is feared to…

As the global economic crisis reaches new lows this first half and with worse to follow in the coming months or even years, the Philippine labor force is being battered by one gut-level whammy after another. While the effects of the surge in prices of petroleum products, rice and electricity are indeed being borne by…

A proponent of fair trade in Cebu is suffering from losses in the dried mango business, for the sake of protecting the interests of both producers and consumers amidst the worsening economic crisis. BY RITCHE T. SALGADO Contributed to Bulatlat Volume VIII, Number 27, August 10-16, 2008 A processing and trading organization in Cebu has…

The first part of this paper will delve into how the Philippine government has adopted GDP accounting, while the second section will analyze the historical background and ideological basis of this capitalist criterion of development. Finally, alternative methods of measuring development vis-à-vis the GDP will be discussed. BY PROF. EDILBERTO M. VILLEGAS Contributed to Bulatlat…

Call centers and overseas Filipino workers, both lauded by the Arroyo government as economic winners, are seen to be the worst hit by an anticipated U.S. recession and general slowdown in the world economy. BY IBON FOUNDATION Posted by Bulatlat Vol. VII, No. 50, January 27-February 2, 2008 Call centers and overseas Filipino workers, both…