By Dan Steinbock In the first quarter, the Philippine peso depreciated against the US dollar. Internationally, this was attributed to President Duterte’s policies. In reality, it has a lot to do with the expected US rate hikes. But there is a reason why misguided geopolitics now overshadows Philippines. In the recent quarter, the Philippine
By Dan Steinbock Despite preliminary pessimism, the Trump-Xi Summit showed greater trade pragmatism than initially expected, even though it was overshadowed by a raw display of US military power. President Donald
By Dan Steinbock In France, President Hollande’s utter failure to foster broad consensus for structural reforms has paved the way for a contested election. While public debate focuses on Emmanuel Macron as the saviour of France, the real story is that
By Dan Steinbock In France, President Hollande’s utter failure to foster broad consensus for structural reforms has paved the way for the most contested election in decades. While public debate focuses on the 2nd round winner, the
By Dan Steinbock With the Trump White House, America and a global economy will enter a highly divisive period – as evidenced by the debate about his economic, trade and infrastructure plans. As long as Republicans sustain some unity in and between the
By Dan Steinbock While the Obama White House prepared plans for regime change in the Philippines, President Trump is working on an assertive strategy in Asia. Meanwhile, President Duterte is accelerating the country’s economic growth – dramatically.
By Dan Steinbock Trump has pledged to reset the White House policies on “America First” basis. In Asia, it may mean an effort to balance with Russia against China and the reverse of US China approach in the 1970s. After inauguration, Donald Trump
By Dan Steinbock As President Duterte is rebalancing the Philippines’ economic and strategic policies, Washington is preparing plans for regime change. What the country needs is economic development, says Dan Steinbock – not Cold War.
By Dan Steinbock As world trade and investment have plateaued, globalization has ground to a halt. The timing could not be worse for the Trump tariffs. In the recent Central Economic Work Conference, stability became the common denominator for
By Dan Steinbock During the weekend, the Asian-Pacific nations embraced the dream of free trade. Today, President-elect Trump buried it. Last weekend, Asia-Pacific Economic Cooperation (APEC) summit made it clear that it would move forward with trade