Michael Hudson on de-dollarization (tags)
Krugman is saying that other people have no reason at all for what they’re doing. And when they move out of the dollar, there’s no reason for them to do it. If you read what these countries say, they explain why they’re doing what they’re doing. .
PHILIPPINES: Our Failed Labor-Export Policy (tags)
The impacts of disasters occurring in other parts of the world, from Libya to Japan, have perhaps been communicated more drastically to the Philippines than to other countries. Whether it is the tragic trilogy of earthquake, tsunami, and nuclear fallout in Japan or the civil war in Libya, external crises are swiftly transformed into internal crises for our country, as thousands of families are pushed into poverty and economic hardship when their breadwinners are dislocated and repatriated back to the Philippines, where jobs offering decent wages are scarce.