Rappler's latest stories on globalization
We see the world at its worst, which is why I want world leaders and governments to listen carefully: I am scared
The Asian Development Bank says this may even be an underestimate, since the severity of the coronavirus pandemic remains uncertain
India will be the largest beneficiary of the first wave of programs with a facility for $1 billion, followed by Pakistan with $200 million and Afghanistan with a little over $100 million
Investors are now a 'bundle of nerves,' says AxiCorp's Stephen Innes
Investors react on Wednesday, April 1, to United States President Donald Trump's pronouncement that the US is in for 'a very, very painful two weeks'
The Dow suffers a loss of more than 23% for the 1st quarter of 2020, its worst since 1987
(UPDATED) United States and European stock markets move higher on Monday, March 30, but most Asian stock markets fall
The sell-off on Friday, March 27, 'is most probably a consequence of 3 days of strong gains and a paring of risk ahead of the weekend,' says analyst Michael Hewson
(UPDATED) International Monetary Fund chief Kristalina Georgieva says 'it is clear that we have entered a recession' that will be worse than in 2009 following the global financial crisis
The drop in arrivals will lead to an estimated loss of $300 billion to $450 billion in international tourism receipts, says the World Tourism Organization
'It is now evident that pandemic mitigation efforts and lockdowns around the world will have devastating effects on all economies,' say United Nations economists
Investors welcome the United States' proposed $2-trillion stimulus package and the G20's pledge on Thursday, March 26, to inject $5 trillion into the global economy
S&P says a 2% recession for Britain and the eurozone would amount to a loss in real GDP of about 420 billion euros ($460 billion) in 2020
The coronavirus pandemic is wreaking havoc on the global economy. Here are the key concerns.
CCTV footage shows the senator shopping at S&R's BGC branch on March 16 when he was supposed to be in quarantine
The United States' $2-trillion bill and Germany's 1.1-trillion-euro rescue package to combat the coronavirus pandemic lift markets on Wednesday, March 25
'We agreed all countries need to work together to contain the pandemic and stabilize energy markets,' says US Secretary of State Mike Pompeo
The Dow surges 11.4% on Tuesday, March 24, its biggest one-day percentage increase since 1933
The International Monetary Fund says the outlook for 2020 'is negative – a recession at least as bad as during the global financial crisis or worse'
Markets continue to plummet on Monday, March 23, moving inversely to the mounting number of coronavirus cases globally
Angel Gurria says governments' coordination to fight the coronavirus pandemic should exceed the Marshall Plan, which rebuilt Europe after World War II
Economist Ian Goldin says countries must cooperate to find a way out of the coronavirus crisis. But he asks, 'Is the world capable of developing a coordinated action plan?'
While investors react positively to actions taken by governments and central banks, an analyst warns that 'we could not be in a more uncertain time'
Starting on Monday, March 23, certain dollar liquidity operations among the banks will occur daily rather than weekly
Many analysts expect markets to remain highly volatile and under pressure until health authorities get a better grasp of the scale of the coronavirus pandemic
The United Nations estimates up to 25 million more people may become unemployed and workers may lose as much as $3.4 trillion in income due to the coronavirus pandemic
(UPDATED) Most market commentators agree that the virus-wracked world economy will likely plunge into recession
'We need to protect our frontliners...whose lives are at risk in protecting and treating people from this virus,' says Alliance Global CEO Kevin Andrew Tan
A day after shedding almost 3,000 points, the Dow finishes up 5.2% or around 1,050 points on Tuesday, March 17
'The outbreak proves once again that we fail to learn from our history. This reality is not just limited to armed conflicts, political patterns, or social revolutions; it also applies to the way we treat our environment.'
Britain, Canada, France, Germany, Italy, Japan, and the United States 'resolve to coordinate measures...to achieve strong growth in the G7 economies'
(UPDATED) Central banks around the world unveil measures to cushion the economic blow of the coronavirus, but equity markets still plunge on Monday, March 16
'There is a lot more work to do,' says International Monetary Fund Managing Director Kristalina Georgieva
'No country can face it alone,' says United Nations Secretary-General Antonio Guterres, as the coronavirus 'infects' the global economy
There has been no collective response on how to shield global growth from the coronavirus pandemic, and globalization itself is ailing
Pope Francis’s encyclical 'Laudato Si’' points to one undeniable fact: that human behavior is at the root of the ‘ecological crisis,’ and therefore at the heart of solving it
The furious rally at the end shows volatility remains elevated in markets, a trend also apparent in Europe, which is now the epicenter of the coronavirus pandemic
The Dow suffers its worst session since 1987 on Thursday, March 12
'This is not something that stops at national borders, we need to work together,' says International Monetary Fund spokesman Gerry Rice
The Dow suffers yet another brutal daily drop that leaves the index more than 20% below its peak, making it a bear market
The global market plunge on Monday, March 9, erases $5.8 billion from the net worth of Asia's richest person, Indian magnate Mukesh Ambani, who is now overtaken by Chinese tycoon Jack Ma
The Dow closes higher on Tuesday, March 10, as the Trump administration promises aid to ease the economic impact of the novel coronavirus
'Having clean air, water, and soil means that we can become who we have always wanted to be'
The International Monetary Fund instructs its employees to work from home on Friday, March 13, as part of 'crisis preparedness efforts'
(UPDATED) The International Monetary Fund urges policymakers to help households and businesses through a 'coordinated, international response'
Loss of consumer and investor confidence, a slowdown of global demand, swelling debt, and widespread market anxiety are just some of the issues clouding the global economic horizon
(UPDATED) 'The markets have passed from panic mode into pure hysteria,' says Ayush Ansal, chief investment officer at trading firm Crimson Black Capital
United Nations economists warn that regardless of how quickly the coronavirus outbreak lasts, it would significantly drag down global foreign direct investments
As the novel coronavirus spreads, here are some of the responses by monetary policymakers in North America, Asia, and Europe