Unlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks from the Sino-American trade and technology war. And trying to undo the damage through never-ending monetary and fiscal stimulus will not be an option. Read Here – […]
EU officials want to set up a €100 billion wealth fund to bolster “European champions” against American and Chinese business rivals like Google, Apple and Alibaba. The proposal for a so-called European Future Fund appears in an unusually radical raft of plans that European Commission officials want to put onto the agenda of their president-elect, Ursula […]
When leaders of the United States, Japan, Germany, France, Great Britain, Italy and Canada meet in the picturesque French seaside town of Biarritz, the official reason for their gathering will be the G-7 summit. But for many of them, the focus will be on bilateral meetings with a bombastic politician boasting a peculiar mop of […]
The US president promised tariffs on Chinese goods as part of the trade war would help bring jobs back to the United States, but while firms are leaving China, it is the likes of Vietnam, Indonesia, Cambodia, Mexico, and Bangladesh that are benefiting the most. Read Here – South China Morning Post
To say that Warren Buffett knows a good deal is a bit of an understatement — even cliché, maybe. That’s why it looks like bad news that his company, Berkshire Hathaway, is sitting on a record $122 billion in cash, and actually sold more investments than it bought in the first half of the year, according to Bloomberg. Of course, most […]
Economic analysis suggests that bilateral trade wars are unwinnable in an interconnected world. By firing his latest tariff salvo against China, US President Donald Trump has further raised the stakes in an increasingly damaging dispute – and America is likely to emerge as the bigger loser. Read Here – Project Syndicate
For years, Europeans were lulled into thinking that the peace and prosperity of the immediate post-Cold War period would be self-sustaining. But, two decades into the twenty-first century, it is clear that the Old Continent miscalculated and now must catch up to the digital revolution. Read Here – Project Syndicate
The US-dominated G1 world is long gone, and the G2 system in which America and China shared hegemonic responsibilities is now fading into memory. In today’s G-minus-2 world, US and Chinese policies threaten to have devastating consequences for the global economy. Read Here – Project Syndicate
The rise of digital platforms, cutting-edge forms of automation, and Big Data promises to transform labor markets and upend longstanding business models. It will also broaden our thinking about human wellbeing, much of which hinges on social and experiential factors that have little to do with standard measures of material welfare. Read Here – Project […]
The trade war is doing permanent damage to the Chinese economy every month since once production networks have been relocated to lower-cost countries in Southeast Asia, they are unlikely to return to China. The United States faces no such economic pressure. Read Here – The National Interest
looking beyond borders 