Although everyone is supposed to benefit when individual countries leverage their comparative advantages, this canonical economic theory can run into problems when blindly applied to the real world. In the case of China, American leaders failed to consider why the country exhibits the strengths that it does. Read More Here
The ongoing conflict in the Middle East is just one of several economic and geopolitical trends darkening the outlook for global growth. But while the immediate future seems bleak and could get bleaker, the good news is that we have the capacity to turn today’s vicious cycles into virtuous ones. Read More Here
Even as inflationary pressures ease, geopolitical tensions and structural factors such as unfavorable demographics and high debt levels have taken a toll on household and business confidence worldwide. The challenge for governments is to rebuild confidence and enhance productivity, which remain essential to getting the global recovery back on track. Read More Here
What some decry as protectionism and mercantilism is really a rebalancing toward addressing important national issues. The biggest risk to the global economy stems not from this broader reorientation – which should be welcomed – but from a Sino-American rivalry that threatens to drag everyone down. Read More Here
The August 2021 allocation of special drawing rights supported countries amid recovery from the pandemic—and continues to offer benefits. Read More Here
The group’s countries share one concern—the growing use of U.S. sanctions to restrict trade and investment globally. Read More Here
China’s real-estate sector is buckling under the weight of falling prices, a huge and growing inventory of unsold units, and highly indebted developers. Add to that slowing GDP growth and falling inflation, and a prolonged period of stagnation and deflation, triggered by a property-bubble collapse, seems increasingly likely. Read More Here
It’d be like a new union of up-and-coming discontents who, on the scale of GDP, now collectively outweigh not only the reigning hegemon, the United States, but the entire G-7 weight class put together. Read More Here
The buzzword is everywhere, but defining the concept of U.S.-China de-risking isn’t so easy. Read More Here
Working together to address common challenges, and building economic bridges, will be crucial to improve lives. Read More Here
looking beyond borders 