Globalisation Strikes Back
The ongoing pandemic and global climate-related disasters demonstrate the inadequacy of efforts to address the problematic aspects of globalisation. Read More Here
Category: Global Economy
Drawing Further Apart: Widening Gaps In The Global Recovery
The global economic recovery continues, but with a widening gap between advanced economies and many emerging market and developing economies. IMF’s latest global growth forecast of 6 percent for 2021 is unchanged from the previous outlook, but the composition has changed. Read More Here
The Changing Map Of Economics
The global economy and capitalism are at a crossroads, owing to the COVID-19 pandemic, climate change, the rise of digital technology, and the changing nature of labor markets. Understanding this new world will require major breakthroughs in economic thinking, and closer scrutiny of some of the discipline’s core assumptions. Read More Here
U.S.-China Trade Booms As If Virus, Tariffs Never Happened
China and the U.S. are shipping goods to each other at the briskest pace in years, making the world’s largest bilateral trade relationship look as if the protracted tariff war and pandemic never happened. Read More Here
How China Is Helping To Damp Global Inflation
As China’s factory-gate prices soared this year, investors worried the country would become a new source of inflation for the rest of the world. Instead, the world’s second-largest economy has helped alleviate some price pressures caused by the pandemic, and appears likely to keep doing so—at least for a while. Read More Here
Should Central Banks Have A Green Mandate?
Involving central banks in allocating money on the basis of “greening” compels them to make political decisions for which governments should be held accountable. The UK government’s new climate remit for the Bank of England is thus a further step in its abdication of responsibility for ensuring a healthy, sustainable economy.
The Return Of Inflation?
Though they have received most of the attention, supply bottlenecks are hardly the only factor to consider when assessing the recent surge of inflation. Far more important are broader structural changes in the economy and the alarmingly complacent attitude of central banks. Read More Here
Antimonopoly Power
More than 75 years after the United States began to build a system of liberal trade to help integrate the world around a vision of peaceful economic cooperation, many of the most vital international systems are failing. Read More Here
Why The US Dollar Will Remain On The Comeback Trail For Many Months
While the dollar outlook has been cloudy in the recent years, it is fighting back, thanks to tougher interest-rate tightening expected from the Fed and a brighter political climate under US President Joe Biden. Read More Here
Global Economy Could Lose Over $4 Trillion Due To COVID-19 Impact On Tourism
The crash in international tourism due to the coronavirus pandemic could cause a loss of more than $4 trillion to the global GDP for the years 2020 and 2021, according to an UNCTAD report. The estimated loss has been caused by the pandemic’s direct impact on tourism and its ripple effect on other sectors closely linked […]
looking beyond borders 