The sooner we get the COVID-19 pandemic under control, the sooner we can put the global economy back on track. At a virtual gathering this month, the G20 will have an opportunity to do precisely that, provided that world leaders are able to see the economic windfall that is staring them in the face. Read […]
When it comes into effect in stages over the next several months and years, the AfCFTA will cover a market of more than 1.2 billion people and up to $3 trillion in combined GDP… On its completion, the AfCFTA will become the largest free trade area in the world since the establishment of the World […]
Core dollar exchange rates have so far been surprisingly stable during the pandemic, most likely because major central banks’ policy interest rates are effectively frozen at or near zero. But although the current stasis could last awhile, it will not last forever. Read Here | Project Syndicate
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
looking beyond borders 