World 2.0
There are decades where nothing happens, and weeks where decades happen… Read Here – Marginal Revolution
Category: Global Economy
The History of Pandemics Teaches Us Only That We Can’t Be Taught
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? […]
New York Area Walloped As Global Virus Deaths Pass 100,000
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
A Global COVID-19 Exit Strategy
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
OPEC+ Deal Won’t Save Covid-19 Crashed Oil Prices
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 […]
Lessons From Crises Past
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
Supply Chains And A Novel Path To Conflict
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. […]
As Outbreaks Flatten In Places, Japan, India See More Cases
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
Internationalising The Crisis
The public-health effects and economic impact of the COVID-19 pandemic in developing and emerging economies are only just becoming apparent, but it is already clear that the toll will be devastating. If the international community wants to avoid a wave of defaults, it must start developing a rescue plan immediately. Read Here – Project Syndicate
Mapping The COVID-19 Recession
Until there is a better sense of when and how the COVID-19 public-health crisis will be resolved, economists cannot even begin to predict the end of the recession that is now underway. Still, there is every reason to anticipate that this downturn will be far deeper and longer than that of 2008. Read Here – […]
looking beyond borders 