An economy without crowds is not a “new normal.” It may be more like the new anomie, to borrow Émile Durkheim’s term for the sense of disconnectedness. For most people, the word “fun” is almost synonymous with “crowd.” The coming year will be a time of depression in the psychological as well as the economic […]
Under the assumption that the pandemic and required containment peaks in the second quarter for most countries in the world, and recedes in the second half of this year, in the April World Economic Outlook we project global growth in 2020 to fall to -3 percent. This is a downgrade of 6.3 percentage points from January 2020, […]
There are decades where nothing happens, and weeks where decades happen… Read Here – Marginal Revolution
There’s a term for what’s been missing: “clioepidemiology.” Named after Clio, the muse of history, it describes the practice of studying information from past epidemics for advice about the present. Why are we so bad at doing this in practice? Isn’t everyone who’s ever lived through an ugly epidemic an armchair clioepidemiologist, almost by default? […]
The worldwide death toll from the coronavirus surged past 100,000 as the epidemic in the U.S. cut a widening swath through not just New York City but the entire three-state metropolitan area of 20 million people connected by a tangle of subways, trains and buses. Read Here – APNews
The COVID-19 pandemic poses an unprecedented threat to both public health and the global economy. Only by ditching nationalist rhetoric and policies, and embracing stronger international cooperation, can governments protect the people they claim to represent. Read Here – Project Syndicate
Global oil markets received the price war truce they had long sought, but hopes for a significant and sustained rebound in prices are still likely misplaced. OPEC+, the group of oil producers led by Russia and Saudi Arabia, respectively the world’s second and third largest crude producers and top two exporters, reached a tentative agreement […]
Government policies restricting the operation of markets usually do more harm than good. Even in times of crisis, such as the current coronavirus pandemic, policymakers should do everything possible to keep markets working and private incentives strong. Read Here – Project Syndicate
Geopolitics is about place. It is about where things are made, how they move to different places in the production process and how they reach the consumers who use them. Obviously there is a financial aspect in both defining the physical reality of the supply chain and defining the total financial impact on the system. […]
Coronavirus infections are spiking in Japan and creating hot spots in India’s congested cities just as the U.S. and some of the hardest-hit European countries are considering when to start easing restrictions that have helped curb their outbreaks of the disease. Read Here – APNews
looking beyond borders 