DAN STEINBOCK

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Recently, all major US free trade deals in North America, Latin America and Asia Pacific have come under fire. American legacy in free trade is dimming. LAST December, the Philippines exported $4.17 billion worth of products. The top-10 market destinations accounted for 83 percent of the total. These destinations included…

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If the government’s focus remains on inclusive economic development, the Philippines could become a bright spot in the global landscape. These key points are based on Dr Steinbock’s highly anticipated economic briefing at the Nordic Chamber TODAY, there is a huge gap between the Philippines as it is portrayed by…

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China will surpass the middle-income trap by focusing on economic development and continuing to implement structural reforms. But not all Western growth lessons will work in the 21st century emerging world. TO determine income groups around the world, the World Bank calculates gross national income per capita in US dollars,…

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In the late 20th century, US petrodollar grew on the back of postwar growth in the advanced economies. In the 21st century, the rise of the Chinese petroyuan is fueled by industrialization in emerging and developed economies. IN October, China established a payment versus payment system for transactions involving the…

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Iran’s recent volatility reflects not just the pains of economic transition but external efforts to undermine the nuclear accord – as Iran is increasingly looking toward the East. AS large emerging economies, the Philippines and Iran share joint interests and values. After the terror attacks of September 11, 2001, the…

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Recently, a Manila statue commemorating Filipino “comfort women” has been overwhelmed by a debate. Yet, Philippine-Japanese relations are strong enough to endure the weight of history, especially in the year 2018 which is internationally being promoted as the “Year of the Woman.” IN early December, a memorial was erected along…

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Despite continued nuclear threats, all four US postwar presidents have failed to reset relations with Russia. Why? THE “New Cold War” between the US and Russia began a decade ago. The elevated tensions in the Korean Peninsula are only a part of the collateral damage around the world. But what…

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In the past year, China became a vital economic partner of the Philippines. So where is China’s economy heading? IN the Aquino era, China was portrayed mainly as a threat to the Philippines. In the Duterte era, the recalibration of foreign relations has already resulted in greater economic cooperation with…

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All efforts to resolve the elevated nuclear tensions in the Korean Peninsula should be subject to extreme caution, due to the potential of massive collateral damage of death, destruction, radiation and environmental collapse. REPORTEDLY, Washington is drawing up plans for a “bloody nose” military attack on North Korea to stop…

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As tensions linger in the NAFTA talks, Canada is talking about a free trade agreement with China. The outcome of both talks is vital to the Philippines. WHILE the United States absorbs more than a fifth of all Philippine exports, Mexico and the US receive barely 1 percent each. Yet,…

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