To date, there is little reason to think that global demand for dollars is drying up. But there is another way the United States could lose its status as issuer of the world’s dominant reserve currency: it could voluntarily abandon dollar hegemony because the domestic economic and political costs have grown too high. Read Here […]
As the United States awakens to its supply-chain vulnerabilities amid heightened pressure on companies to “reshore” from China, it is grappling with an uncomfortable truth: most will not end up relocating to the US. And, business experts say, the relatively few that do probably should not have left in the first place. Read Here – […]
The global clout of OPEC, never one of the world’s most admired institutions, reached a nadir in April when a dispute between Saudi Arabia and Russia triggered a price war just as global oil demand was collapsing due to the coronavirus pandemic. Three months later, the cartel has re-emerged as a model of transnational cooperation and […]
The “dollar-is-crashing” trade is the ultimate widow-maker. For decades, it’s confounded more punters than bets against Chinese stocks, Japanese debt and Hong Kong property combined. Yet might it soon pay off, finally, thanks to Donald Trump’s blunderbuss of a White House? The odds don’t favour it, at least for now. Read Here – Asia Times
Who needs Donald Trump’s America? You won’t find these words in Ant Group’s initial public offering prospectus, but they’re written between the lines in bold font as the fintech juggernaut Jack Ma built bypasses New York to list in Hong Kong and Shanghai. Read Here – Asia Times
After keeping its society and economy running throughout the coronavirus pandemic, squashing the outbreak, and donating millions of face masks to many countries, Taiwan has earned a lot of positive press internationally. But there is another vital area in which the world could also learn from Taiwan’s experience. Read Here – Foreign Policy
With its open and traditionally nimble economy, Singapore often plays a weathervane role for global trade trends. As such, the ill winds blowing across the city-state should worry policymakers worldwide. According to statistics released, Singapore saw a startling 12.6% annualized drop in gross domestic product (GDP) between April and June. Viewed quarter-to-quarter, GDP collapsed a whopping […]
Beijing is likely to favour an African candidate for the top job at the World Trade Organisation(WTO) as US-China trade tensions drive the body into dysfunction, according to an adviser to the Chinese government and observers. Of the eight nominees vying to replace Brazil’s Roberto Azevedo, who is stepping down as WTO director general a […]
After one of the most dramatic stretches in its history, the oil industry is slowly recovering. March and April saw the toxic combination of depressed demand, excessive supply, limited storage capacity, and intense financial speculation that turned prices on one index negative. Although concerns about a second wave of coronavirus infections remain high, demand is […]
The COVID-19 pandemic’s toll on economic activity in recent months is only the beginning of the story. While the rapid and unprecedented collapse of production, trade, and employment may be reversed as the pandemic eases, historical data suggest that long-term economic consequences could persist for a generation or more. Read Here – Finance & Development
looking beyond borders 