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
COVID-19 has highlighted the pressing need for better global risk management. So too has escalating climate change. As did the financial crisis. Urgent reform is required to tame the butterfly defect of globalization. These networked threats require changes in all parts of the system. Read Here | Finance & Development
The pandemic has created a massive economic contraction that will be followed by a financial crisis in many parts of the globe, as nonperforming corporate loans accumulate alongside bankruptcies. Sovereign defaults in the developing world are also poised to spike. Read Here | Foreign Affairs
Americans are also increasingly questioning whether the US has benefited from making China a cold war enemy, and wondering if their government is spending too much time and effort to force change in China, while leaving plenty of urgent matters at home unattended. Read Here – South China Morning Post
Eurasia is not monolithic and does not constitute an anti-American bloc, but it is much larger economically, has more and better-educated people and is catching up with the dwindling number of technologies in which America still holds the lead. As the US turns to the task of putting its own house in order, the Eurasian […]
looking beyond borders 