From the 2008 financial crisis to the COVID-19 shutdown, the world’s best economists have struggled—usually unsuccessfully—to regain the influence over policymakers they once wielded with such abandon. The problem is, most of them don’t have new theories ready that can actually make sense of a globalised world in disarray—and won’t for quite a while. Read […]
American banks, insurance companies and asset managers have lost none of their appetite for making money in China and have met with remarkably little deterrence from US President Donald Trump’s administration. Far from decoupling from China, Wall Street seems more intent on tightening the knot. Read Here | South China Morning Post
The COVID-19 pandemic continues to spread with over 1 million lives tragically lost so far. Living with the novel coronavirus has been a challenge like no other, but the world is adapting. As a result of eased lockdowns and the rapid deployment of policy support at an unprecedented scale by central banks and governments around […]
For all the excitement about corporate “stakeholders” and “purpose-driven” firms, the new mode of capitalism is simply a repackaging of the old. Successful companies will continue to focus on the value of their shares over the long term, while avoiding the risks of wading into areas where they don’t belong. Read Here | Project Syndicate
The latest global projections of the International Monetary Fund indicate that in 2020-2021, China will account for the absolute majority, 51%, of world growth, and the US for only 3% – and the latest IMF predictions for the US indicate that this may be an exaggeration of its growth. Most of the other contributors to world growth according to […]
How did western countries, in one quarter of the 20th century, manage to increase both equality and economic efficiency? Why did this virtuous combination ultimately fall apart by the end of the century? The answer lies in the awkward relationship between democracy and capitalism, the former founded on equal political rights, the latter tending to accentuate differences […]
The best explanation for why stock markets remain so bullish despite a massive recession is that major publicly traded companies have not borne the brunt of the pandemic’s economic fallout. But having been spared by the virus, they could soon find themselves squarely in the sights of a populist backlash. Read Here | Project Syndicate
The Trump administration has finally awakened to the frightening fact, that China controls 80% of America’s rare earth mineral supply — a disturbing reality that the Pentagon wants to end once and for all. Rare earth elements are a group of 17 minerals critical to the defense industry’s manufacturing of missiles and munitions, hypersonic weapons […]
Just as COVID-19 has disproportionately impacted some communities more than others, globally, the virus has had an oversized negative impact on migrant workers. Perhaps surprisingly, despite the bleak experience for foreign overseas workers during the pandemic, the effect on remittances—the flow of money they send back home—has, in many cases, proven resilient. But that trend […]
According to statistics released by the General Administration of Customs, China’s exports surged by 11.6 percent year-on-year in August, the fifth consecutive month of positive growth this year, a sign of the welcome improvement in the state of both the Chinese and global economies. Read Here | China Daily
looking beyond borders 