Prices of non-fungible tokens remain high for now and may continue to increase for some time, but a crash will come. With central banks set to tighten monetary policy in an effort to rein in inflation, new and untested asset classes are likely to be punished harder than more reliable ones. Read More Here
Since the start of the global pandemic, we’ve been navigating through tumultuous waters, and this year is expected to be as unpredictable as ever. In the latest annual edition of the Global Risks Report by the World Economic Forum (WEF), it was found that a majority of global leaders feel worried or concerned about the outlook of the world, […]
The continuing global recovery faces multiple challenges as the pandemic enters its third year. The rapid spread of the Omicron variant has led to renewed mobility restrictions in many countries and increased labor shortages. Supply disruptions still weigh on activity and are contributing to higher inflation, adding to pressures from strong demand and elevated food […]
Stock and bond prices may seem random on any given day, but there is deeper meaning about the state of the world if you know where to look. Beneath the prospects of a company or the durability of the current economic cycle, there are important messages about the world order that U.S. President Joe Biden’s […]
India’s growing conflict with China, its strategic evolution, and its eagerness to expand its outreach to Europe, along with the EU’s intent to reduce its reliance on Chinese manufacturing and supply chains and to pursue strategic autonomy, have created the right conditions for a new mutually beneficial policy regime. Read More Here
After helping to drive decades of development and modernization in emerging economies, the twentieth-century economist W. Arthur Lewis’s Nobel Prize-winning growth model can now be applied to the entire world. Unfortunately, what it shows is that we are heading into a period of deep uncertainty and supply-constrained growth. Read More Here
A new Asia-Pacific free trade agreement set to enter into force on 1 January 2022 will create the world’s largest trading bloc by economic size, according to an UNCTAD study. The Regional Comprehensive Economic Partnership (RCEP) includes 15 East Asian and Pacific nations of different economic sizes and stages of development. Read More Here
Differences between support for globalization among high-skilled and low-skilled workers—and gaps in the optimism the two groups feel about their prospects for upward mobility—have grown in poor countries as well as rich ones. As a result, overall backing for economic integration is eroding. Read More Here
In planning for the year ahead, economic policymakers should pay less attention to the consensus economic forecast and more attention to today’s everything asset and credit market bubble. Maybe then when those bubbles burst, they will not be caught out as flatfooted as they were in 2008. Read More Here
China’s emphasis on data as a factor of production breaks not only with Marxist economic theory but also with the classical English economics that Marx adapted. From the standpoint of economic theory, it is perhaps the most anti-communist innovation of the past century, and all the more remarkable as a programmatic statement of the Chinese […]
looking beyond borders 