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The Philippines' exports income had begun growing in the early 1970s due to an increased global demand for raw materials, including coconut and sugar, [1] [15] and the increase in global market prices for these commodities coincided with the declaration of martial law, allowing GDP growth to peak at nearly 9 percent in the years immediately ...
The 2008 financial crisis, also known as the global financial crisis, was a major worldwide economic crisis centered in the United States which triggered the Great Recession of late 2007 to mid-2009, the most severe downturn since the 1929 Wall Street crash and Great Depression.
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.
The title of the book points at the sharp decline in stock prices following the bankruptcy of the investment bank Lehman Brothers in September, 2008. Meanwhile, its subtitle reveals Stiglitz's conviction that free markets are at the bottom of the crisis, as he makes deregulation responsible for the rise of the shadow banking system, over-leveraged banks and subprime mortgages.
Krugman introduces the notion of a liquidity trap in his analysis of Japan in the 1990s, the Asian financial crisis, Latin American crisis and the 2008 Global Financial Crisis. [11] [12] [13] Liquidity traps are essentially a lack of circulation or growth in the supply of money in the economy. [11]
Global economic crisis may refer to: Economic events of the 21st Century: Financial crisis of 2007–2008; Great Recession; The 2020 stock market crash; A global recession; Earlier global economic events, such as: The Great Depression, a global economic downturn from the late 1920s until World War II
The Philippines faced six back to back typhoons in just 23 days last month, an unprecedented onslaught of storms that scientists say were fueled by unusually hot oceans and higher air humidity ...
The Philippines 2000 platform was widely successful, making it one of the greatest legacies of the Ramos administration to the Philippines. Ramos was successfully able to open the then-closed Philippine economy and break Marcos-era formed monopolies, especially with regard to Philippine Airlines and the Philippine Long Distance Telephone Company, which were privatized and de-monopolized during ...