By Marco Mezzera ; The U.S. administration, or any other free-marketeer within APEC, that originally took the lead in pushing for an even faster track towards total liberalization, might regret by now the tricky choice of words...
Read Moreby Walden Bello, in The Nation Newspaper, 17 November, 1998, Bangkok, ThailandAs the Apec Summit begins, Walden Bello writes that no other grouping has generated so much heat yet yielded so little in terms of real impact. KUALA...
Read MoreBy jayati Ghosh ; Many years ago, the economist Charles Kindleberger had identified the pattern of a financial crisis in his classic work, Manias, Panics and Crashes. The crisis is the last phase of a cycle which begins with an...
Read MoreBy Nicola Bullard Fifteen months into the economic crisis which has knocked region-wide growth from annual averages of 5 – 6 % per cent to an estimated contraction of at least – 10 per cent (estimates for Indonesia...
Read MoreThis column appears in the 17 September, 1998 issue of the Far Eastern Economic Review Malaysia’s recent moves to impose fairly stringent capital controls elicited the predictable cries of dismay from the usual suspects:...
Read Moreby Walden Bello, in The Nation Newspaper, 25 September, 1998, Bangkok, Thailand New economics won’t be imposed from above in Keynesian technocratic style but forged in social and political struggles, writes Walden Bello....
Read Moreby Walden Bello* In the middle of August, the Thai government announced a number of initiatives that many observers have interpreted as a marked departure from the International Monetary Fund’s (IMF) usual prescriptions to...
Read MoreBy Nicola Bullard The US Congress vote against the full request for IMF funding was a rebuke for President Clinton, who had already secured Senate support for the bill and remains convinced that the IMF is central to solving the...
Read MoreBy Rep. Leonardo Q. Montemayor [Montemayor is the party-list representative of the Alyansamg Bayanihan ng mga Magsasaka, Mang-gagawang-Bukid at Mangingisda (Cooperative Alliance of Farmers, Farmworkers, and Fisherfolk. He...
Read MoreBy Nicola Bullard Rioting, demonstrations, escalating unemployment and the resignation of President Soeharto notwithstanding, the Indonesian government was able to keep to the IMF’s schedule for selecting which state owned...
Read Moreby Walden Bello, in th Nation Newspaper, 11 August, 1998, Bangkok, Thailand Thailand took pains to dispute any comparison to Mexico in the months preceding its economic meltdown. Now the Philippines insists that its economic...
Read Moreby Walden Bello, in The Nation, 23 July, 1998 Despite the jostling from the big boys, Asean’s programme of renewal is clear. But, will Asean’s member countries have the political will to follow through on it, ask...
Read MoreBy Walden Bello, July 23, 1998 As the Asian financial crisis enters its second year with the anniversary of the floating of the Thai baht on July 2 and of the Philippine peso on July 11, the deepening desperation and...
Read Moreby Walden Bello, in The Nation Newspaper, 22 July, 1998, Bangkok, Thailand In the final of a three-part series, Walden Bello argues that the best way to defend democracy is to enhance its practice locally and advance it to other...
Read MoreBy Walden Bello and Ehito Kimura ; The 31st annual foreign ministers of ASEAN that took place in Manila July 21-25 produced a communique declaring support for the creation of an “ASEAN Economic Monitoring Mechanism”...
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