The US president’s threat of totally “cutting off” relations with China to save $500 billion a year is bad economics. Over the past two years of the trade conflict, China has been steadily reducing the US’ share in bilateral trade. From January to April of 2020, the US share in China’s total trade fell to […]
U.S. President Donald Trump’s decision to go it alone in responding to the coronavirus pandemic is but the latest manifestation of the United States’ waning global leadership. Even before the virus struck, there was broad bipartisan agreement that Washington should reduce its commitments abroad and focus on problems at home. The economic and social toll […]
Even if the United States turns a blind eye to deglobalization’s effects on the rest of the world, it should remember that the current abundant demand for dollar assets depends heavily on the vast trade and financial system that some American politicians aim to shrink. If deglobalization goes too far, no country will be spared. […]
Who will take China’s place? The obvious first option is India, a country with a massive, diverse and generally poor population, but which has a degree of discipline and entrepreneurialism, similar to China in 1980. India, however, is not in a take-off situation. It is the fifth-largest economy in the world and is also a […]
South Asian economies had seen some of the world’s fastest growth in recent years, but there are also high concentrations of extreme poverty in the region. Poor or near-poor residents of India and Pakistan were already suffering from a series of regressive economic policies, so for them, the pandemic is the second of a one-two punch. […]
The economic repercussions of the novel coronavirus pandemic must not be understood as an ordinary problem that macroeconomics can solve or alleviate. Rather, the world could be witnessing a fundamental shift in the very nature of the global economy. Read Here – Foreign Affairs
With cities wounded by days of violent unrest, America headed into a new week with neighbourhoods in shambles, urban streets on lockdown and shaken confidence about when leaders would find the answers to control the mayhem amid unrelenting raw emotion over police killings of black people. All of it smashed into a nation already bludgeoned […]
The contrast seems grotesque. A deadly pandemic has shut down the global economy and left millions of workers furloughed, fired, or stranded without gigs. The future for most businesses looks uncertain to dismal. Yet U.S. stock indices are near all-time highs, at giddy valuations comparable to the 2000 dot-com bubble and 1929. Read Here – […]
If recent weeks have shown us anything, it’s that the world is not just flat. It’s fragile. And we’re the ones who made it that way with our own hands. Just look around. Over the past 20 years, we’ve been steadily removing man-made and natural buffers, redundancies, regulations and norms that provide resilience and protection […]
A fresh dispute with Indiaover their long border in the desolate mountains of the Himalayas has created a new dilemma for China to go with its intensifying rivalry with the United States and international backlash against its handling of the coronavirus pandemic. Beijing risks pushing New Delhi further into the American camp, analysts have warned, […]
