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looking beyond borders

foreign policy and global economy

Archive for the category “Global Economy”

Fix The Roof While The Sun Is Shining On The Global Economy

The world economy is enjoying a synchronised recovery. But it will prove unsustainable if investment does not pick up, especially in high-income economies. Debt mountains also threaten the recovery’s sustainability, as the OECD, the Paris-based group of mostly rich nations, argues in its latest Economic Outlook. This report is the swansong of Catherine Mann, who was an outstanding OECD chief economist. It suggests that relief is legitimate, but complacency definitely is not.

Read Here – The Financial Times

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Bitcoin Is A Delusion That Could Conquer The World

If every currency is a consensual delusion, then bitcoin, a digital cryptocurrency that changes hands over the internet, feels more like a consensual hallucination on psychedelic drugs.

Read Here – The Atlantic

Also Read: Why Bitcoin Fever Is A Bubble Waiting To Burst

As Good As It Gets

For the first time since 2010, the world economy is outperforming most predictions, and we expect this strength to continue. Our global GDP forecast for 2018 is 4.0%, up from 3.7% in 2017 and meaningfully above consensus. The strength in global growth is broad-based across most advanced and emerging economies, says a Goldman Sachs report on the global economy.

Read Here – Global Economic Analyst/Goldman Sachs

How the US stopped complaining about China’s exchange rate policy

The United States’ loud complaints about the Chinese currency’s exchange rate, a thorny issue in the two nations ties over the past decade, have quietly faded away since Donald Trump became US president.

Read Here – South China Morning Post

Trump Used To Blame China For America’s Trade Problems. Now He Blames America.

Donald Trump, a man who said on his march to the White House that China was responsible for the “rape” of American workers, now says it’s actually the US’s fault that the two countries have an unbalanced economic relationship.

Read Here – Vox

Also Read: U.S., China Sign $250 Billion in Deals During Trump Visit

The Demise Of Dollar Diplomacy?

Pundits have been saying last rites for the dollar’s global dominance since the 1960s – that is, for more than half a century now. But the pundits may finally be right, because the greenback’s dominance has been sustained by geopolitical alliances that are now fraying badly.

Read Here – Project Syndicate

Could It All Be Made In China By 2025?

Take more than 500 types of industrial product and China ranks first for 220 of them, globally. Yet Beijing isn’t satisfied with just being the world’s factory for cheap goods. More than a third of the country’s 800-million workforce produce biblical amounts of stuff, generating $3 trillion annually, but China’s position is slipping. It’s political and economic leaders know the country can’t rest on its laurels for long. There are more than a few rivals nipping at its heels, but it has a plan.

Read Here – Raconteur

Five Trade Issues The US And China Need To Tackle Before Trump Goes To Beijing

A number of concerns – ranging from exchange rates to accusations of intellectual property theft – are likely to feature prominently when Donald Trump visits Beijing later this year.

Read Here – South China Morning Post

Yes, Nations Can Spend Their Way Out of Recessions. Sometimes.

The case for government spending during economic slowdowns has been hotly debated for decades. John Maynard Keynes went as far as to suggest that during a recession governments should pay people to do meaningless tasks — such as digging holes in the ground and then filling them up.

Read Here – BloombergView

Even With Modi Back On Board, China Will Find It Hard To Keep Emerging Markets Club Together

The confirmation that Indian Prime Minister Narendra Modi will show up in the coastal city of Xiamen has cleared a major obstacle to a “successful” BRICS leader summit – an event that China has been preparing for months to showcase its global influence. However, a ceremonial summit may not heal deep cracks in the club of Brazil, Russia, India, China and South Africa.

Read Here – South China Morning Post

Also Read: Five Things To Watch Out For At The BRICS Nations Summit

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