Philippines

Author: 
Karen Flores
In the Philippines, economic globalization resulted in the expansion of informal labour, the contraction of local industries and heavy dependence on exports and remittances from abroad while poverty continued to rise due to inequitable distribution of the gains. Today, the global crisis is slowing down remittances while factories are closing. As usual, it is the poor and the marginalized who pay the heaviest cost. A stimulus package that is rights-based, pro-poor and sustainable is urgently needed.
The current global recession may end up being a blessing in disguise for the world, since less growth implies less stress on the environment and emissions need to be slowed down. It offers a golden opportunity to deliver on social and environmental justice. Only a fairer deal will lead to sustainability, and a bail-out to eradicate world poverty, rehabilitate the environment and stabilize the climate is mandatory for this. It will not be possible, however, until the rich change the way they produce and consume and learn to live within sustainable limits. At the same time, developing countries should avoid the path taken by the industrial ones and shift to clean production and consumption right away.
Author: 
Butch Fernandez
Author: 
Liling Magtolis Briones
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