Speeches Articles

Selected Economic, Political, and Social Trends in Asia in a Global Context

Briefing for 11.11.11, Balay Kalinaw, University of the Philippines, 24 March 2008.


The Global Financial System in Crisis

Speech at the Seminar on "Dismantling Obstacles to Advancing Development Agenda and Accountability," People's Development Forum, Bahay ng Alumni, University of the Philippines, 25 March 2008.

I have been asked to address the issue of the international financial architecture that provides the context for aid flows. 
My response is what architecture?  In fact, we now stand on the brink of what former US Federal Reserve Chairman Alan Greenspan last week characterized as possibly the worst economic crisis since the Second World War because of the lack of architecture or structure to govern global capital flows.  The so-called subprime mortgage crisis that has resulted so far in losses of some $400 billion and threatens a chain reaction of collapsing financial institutions globally is the end product of a process of deregulation of financial markets that began during the Reagan-Thatcher era.  This is the latest of some 100 financial crises in the last 30 years, according to the count of the Brookings Institution.

Nothing to Gain, Everything to Lose

Developing Country Prospects at the Hong Kong WTO and Beyond

Talk delivered at the Forum "What is at Stake in Hong Kong?" co-sponsored by Stop the New Round Coalition and Focus on the Global South, Sulo Hotel, Quezon City, Philippines, 25 November 2005.

The Tragedy of Contemporary Democracy in the South

Speech delivered at the World Meeting of Democracy Promoting Foundations, Swedish Parliament, Stockholm, 28-30 August 2005.

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