Global Economic Crisis, Neoliberal Solutions, and the Philippines.

From: Monthly Review | Date: December 1, 1999| Author: Scipes, Kim | Copyright information

The economic crisis that has been affecting the global economy for the last two and a half years started in East Asia. We've heard story after story about the problems in Thailand, South Korea, Indonesia, Malaysia, China, and even Japan--but we've heard almost nothing about the situation in the Philippines. Is there something that the U.S. government, the International Monetary Fund (IMF), and the World Bank don't want us to know about the situation there?

The IMF has ac...

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