Southeast Asia is a favored region for investments and trade by developed countries seeking to rebound from the pandemic and other economic problems. In terms of its political indicators, however, the region is hobbled by varying levels of democratic deficits. Nikkei Asia observes that Southeast Asia remains “largely a fortress of authoritarianism, with military-based regimes...
Author: Eduardo C. Tadem (Eduardo C. Tadem)
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Has Southeast Asia reached a post-pandemic stage?
By mid-2022, governments worldwide had begun easing up on the severe Covid-19 restrictions and regulations imposed on their peoples and opening their countries to visitors. These moves were intended to ease the debilitating impact of Covid-related policies on the economies and social fabric of virtually all countries. Most economies suffered recession, companies went bankrupt, supply...
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Can Southeast Asia achieve sustainable tourism?
Southeast Asia has long been a preferred tourist destination due to its diverse and culturally rich settings, incredible sights, unique local cuisines, and affordability, as depicted by travel websites. For governments in the region, tourism is a major contributor to economic growth; the Asian Development Bank (ADB) estimates that it contributes “at least 15% to...
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Debunking objections to a wealth tax
A wealth tax is based on the market value of owned assets minus debts and other liabilities, i.e., one’s net worth—anything that has monetary value. These include cash, landholdings, bank deposits, shares of stocks, vehicles, real property, pension plans, crypto funds, housing, trusts, jewelry, yachts, planes, works of art, antique collections, copyrights, etc. Opponents from...
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Tax the rich: 9 reasons for a wealth tax
Rising inequality has been an inescapable phenomenon of global economic development over the past 200 years. Per the United Nations’ Sustainable Development Goals, growing inequality affects 70% of the global population and threatens “long-term social and economic development, [harming] poverty reduction and [destroying] people’s sense of fulfillment and self-worth,” all of which “can breed crime,...
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The dubious legacy of the Marcos debt
As the nation marks the 50th year of the declaration of martial law on Sept. 21, 1972, it is relevant to recall how that chapter in Philippine history has affected the country and its people. Three months after the ouster of the Marcos regime in February 1986, a group of 16 economists from the University...
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Who’s misinforming the public on the debt service?
An issue has arisen on what exactly are the Philippines’ debt service obligations. Contending parties from the government and the media have issued contradictory statements on how to define the debt service: The government claims it is manageable; some in the media are raising alarm bells. Last Aug. 24, Budget Secretary Amenah Pangandaman was quoted...
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Celebrating multi-identities and diversity
This year, Philippine sports got a big boost by the performance of its women’s national football team. In February, the team, Filipinas, reached the semifinals of the Asian Football Confederation Asian Cup, thus qualifying for the FIFA Women’s World Cup. In May, it copped a first-ever medal finish (bronze) at the 31st Southeast Asian Games. And...
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Beyond ‘gossip’ and ‘truth’ telling: social history and history from below
Filipino historians’ assertions that history is synonymous with the “truth” are aimed at the viral comment on social media by a mediocre movie performer that “history is tsismis (gossip).” The comment is related to the performer’s role in an upcoming movie that seeks to revise common understanding of the Marcos martial law years. An avalanche...
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Covid-19 politics in Southeast Asia
The political situation in Southeast Asia in the midst of the Covid-19 pandemic can be contextualized by the level of freedom in each country. The 2021 Freedom House survey of 210 countries worldwide rates “peoples’ access to political rights and civil liberties, including individual freedoms ranging from the right to vote to freedom of expression...