Duterte’s Foreign Policy Pivot and Its Impact on Philippine Trade and Investments: An International Political Economy Perspective

2020 ◽  
Vol 41 (1-2) ◽  
pp. 127-160
Author(s):  
Jenny D. Balboa

Abstract Since the Philippines elected President Rodrigo Duterte in 2016, the country’s foreign policy seems to have become more uncertain. President Duterte’s mercurial personality and antagonistic tirades against the country’s traditional Western allies, including the United States (US) and the European Union (EU), and his statements of building closer ties with China and Russia, had changed the political and diplomatic tone of the Philippines overall. Certainly, the political relationship between the Philippines and the West has been changed by Duterte’s strong remarks against the US and EU. Has this change spilled over to the economy? The paper presents an international political economy framework in examining the impact of Duterte’s foreign policy pivot to the country’s foreign economic relations, focusing on trade and investment. The paper argues that Duterte’s foreign policy shift is mainly shaped by Duterte’s “politics of survival”. Not firmly anchored in any idea, norms, or interest that can clearly benefit the country, Duterte is unable to provide coherent guidance and leadership on the foreign policy pivot, particularly on the economy. Duterte’s lack of guidance provided the technocrats with the policy space to continue the policies from the previous administration and not to divert radically from previous economic policies. The stability of the economic institutions provided a refuge in the period of uncertainty. As a result, the foreign economic relations of the Philippines has not radically shifted. The trade and investment situation of the Philippines remained stable, and economic relations with traditional partners are maintained.

1975 ◽  
Vol 5 (4) ◽  
pp. 29-38
Author(s):  
Timothy M. Shaw

Our understanding of the international political economy of Africa is underdeveloped; we have inadequate data and theories about the development of underdevelopment on the continent. Even the orthodox study of international politics and foreign policy in Africa is largely a recent phenomenon, stimulated by the rise of new states in the last twenty years. This essay, then, can be no more than a review of the field and a lament over its deficiencies. In particular, we are concerned about: i) the relative inattention afforded the impact of international politics on the rate and direction of social change in African states; ii) the need for a new conceptual framework to advance our understanding of the linkage politics between African elites and external interests; and iii) the related growth and international inequalities on the continent. This essay proceeds therefore from a critical review of analyses of the international political economy of Africa to a tentative presentation of a new typology of states and regimes, regions and behavior, in Africa which reflects the importance of those variables on which students of political economy focus.


2015 ◽  
Vol 67 (3) ◽  
pp. 387-422 ◽  
Author(s):  
Thomas B. Pepinsky

This article proposes a political economy approach to decolonization. Focusing on the industrial organization of agriculture, it argues that competition between colonial and metropolitan producers creates demands for decolonization from within the metropole when colonies have broad export profiles and when export industries are controlled by colonial, as opposed to metropolitan, interests. The author applies this framework to the United States in the early 1900s, showing that different structures of the colonial sugar industries in the Philippines, Hawaii, and Puerto Rico–diverse exports with dispersed local ownership versus monocrop economies dominated by large US firms–explain why protectionist continental-agriculture interests agitated so effectively for independence for the Philippines, but not for Hawaii or Puerto Rico. A comparative historical analysis of the three colonial economies and the Philippine independence debates complemented by a statistical analysis of roll call votes in the Hare-Hawes-Cutting Act supports the argument. In providing a new perspective on economic relations in the late-colonial era, the argument highlights issues of trade and empire in US history that span the subfields of American political development, comparative politics, and international political economy.


1975 ◽  
Vol 5 (4) ◽  
pp. 29-38
Author(s):  
Timothy M. Shaw

Our understanding of the international political economy of Africa is underdeveloped; we have inadequate data and theories about the development of underdevelopment on the continent. Even the orthodox study of international politics and foreign policy in Africa is largely a recent phenomenon, stimulated by the rise of new states in the last twenty years. This essay, then, can be no more than a review of the field and a lament over its deficiencies. In particular, we are concerned about: i) the relative inattention afforded the impact of international politics on the rate and direction of social change in African states; ii) the need for a new conceptual framework to advance our understanding of the linkage politics between African elites and external interests; and iii) the related growth and international inequalities on the continent. This essay proceeds therefore from a critical review of analyses of the international political economy of Africa to a tentative presentation of a new typology of states and regimes, regions and behavior, in Africa which reflects the importance of those variables on which students of political economy focus.


2008 ◽  
Vol 41 (2) ◽  
pp. 411-435 ◽  
Author(s):  
Carla Norrlöf

Abstract. Accumulating debt is usually harmful for states, but a cyclical deficit policy and large-scale borrowing have been beneficial for the United States. While structural changes in the international political economy may cap America's future ability to process debt, an empirical analysis of the economic dimensions of hegemony over the last quarter century shows unambiguously that the hegemon reaps disproportionate gains in the area of trade and investment. This finding provides new insight on whether it is advantageous to be a hegemon.Résumé. Les États pâtissent généralement de l'accumulation des dettes, mais une politique de déficit cyclique et le recours à de larges emprunts ont pourtant été bénéfiques aux États-Unis. La capacité future de la puissance américaine à gérer sa dette sera peut-être entamée par les changements structurels subis par l'économie politique mondiale. Toutefois, l'analyse empirique des dimensions économiques de la situation d'hégémonie durant les vingt-cinq dernières années met à jour, et sans ambiguïté aucune, les gains disproportionnés générés par l'hégémon dans les domaines du commerce et de l'investissement. Cette recherche apporte un éclairage nouveau au débat sur les avantages liés à la position d'hégémon.


2010 ◽  
Vol 8 (1) ◽  
pp. 305-306
Author(s):  
Graciana del Castillo

This is a highly readable book that provides strong and rigorous arguments to prove a thesis that is intuitive to many but still denied by some—that the United States foreign policy of using military intervention, occupation, and reconstruction to establish liberal democracies across the world is more likely to fail than to succeed.


2001 ◽  
Vol 33 (1) ◽  
pp. 141-143 ◽  
Author(s):  
EDWARD SAYRE

It is testimony to the sad state of the study of economics in the Middle East that a work such as The Political Economy of Middle East Peace: The Impact of Competing Trade Agendas, edited by J. W. Wright, Jr., could be produced. This collection of essays attempts to shed light on the relationship between international economic relations and the peace process. The sloppy scholarship included in this volume would be inexcusable when looking at any other region, but it appears to be acceptable when analyzing Middle Eastern economies. Although this description is not characteristic of all of the essays in the volume, it diminishes the overall quality of this work to such a degree that it detracts from the some of the more enlightening and important papers that are included. For example, Laura Drake's careful examination of “A New Middle East Order” in the first chapter lays out the potential stumbling blocks and hurdles as the process of normalization between Arab states and Israel continues. Unfortunately, the next chapter, by Wright, primarily examines the same topic but almost completely ignores relevant data and scholarship critical to his thesis. While some chapters examine key issues and analyze nuances in the political economy of the Middle East peace process, this uneven and incongruous group of essays is of little value to policy-makers, academics, or students of Middle Eastern political economy.


2020 ◽  
pp. 204-213
Author(s):  
Elena Khakhalkina ◽  

The article analyzes the regional policy of the European Union and the problems of regionalization through the prism of modern theoretical provisions about the region and identifying its place in the existing system of international relations; shows the EU's practical steps to assert its role as an independent actor in the world arena. Attention is focused on the impact of the coronavirus pandemic on the processes of globalization, on the key principles of which ‒ the free movement of people and goods ‒ were dealt a noticeable blow. The pandemic has intensified the processes of regionalization, the strengthening of which occurred as a natural response to the challenge. The author of the article analyzes the problems of regionalism through the prism of a collective monograph by well-known experts on regionalism and international relations E.B. Mikhailenko and V. I. Mikhailenko "European Union's Foreign Policy in the XXI century. European interregionalism", which became a continuation of the scientific research of the authors at the Ural Federal University. The article focuses on such vulnerabilities of the EU's regional policy as poorly formed EU foreign policy identity; dependence in the field of security on the United States; insufficient use of the tools of "hard power" to defend their interests and promote their values and ideals. The still insufficiently meaningful manifestations and consequences of the pandemic have given additional relevance to the monograph, clarifying the origins, difficulties, trends in the implementation of the EU's foreign regional policy, the achievement of interregionalism, its goals and limits


1990 ◽  
Vol 3 (2) ◽  
pp. 15-16 ◽  
Author(s):  
Ethan B. Kapstein

In recent years, public officials in the United States and abroad have expressed increasing concern over the economic effects of defense spending. It has been alleged that defense spending is a major cause of the budget deficit and is at the root of America's economic “decline.” Even in the Soviet Union, questions are now being raised about the impact of military spending on the civilian economy.As director of a research program at Harvard that focuses on economics and national security, I decided it was important to offer a course on the “political economy of national security.” While Harvard and other major universities in the Boston area offer courses in political economy on the one hand and national security on the other, students have few opportunities to examine national defense from an economic perspective. Given that national security is the largest single economic activity in the United States and many other countries, and given intense student interest in the topic, the time was ripe to devise such a course.The course was first offered in the Harvard Summer School, which is open to undergraduate and graduate students from Harvard and other universities. The only prerequisite was an introductory course in economics. As it turns out, most of the students were more than adequately prepared; among those who attended were students from Harvard Business School, the Kennedy School of Government, some local defense industry executives, military officers, and a number of Ph.D. candidates. For those who might consider offering such a course, I would suggest that the required economics course not be waived in any circumstances; otherwise you will spend a lot of time explaining basic concepts.


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