The German chancellor herself has said she is highly skeptical of the leadership role ascribed to her by international media. Merkel’s view is, in fact, shared by her fellow citizens, whose appetite for global leadership remains limited. Berlin’s de facto dominance in Europe notwithstanding, Germans are as reluctant as ever to embrace a prominent international role. Read […]
The I.M.F. has a complex definition of “advanced,” but a common thread is that all the nations have a per-capita income of at least around $15,000. Since Poland completed the transition from Communism to democracy in 1991, its economy has been growing at an average annual rate of 4 percent and, remarkably, has not suffered […]
The U.S. traditionally takes point in the search for common approaches to the big global issues of the day at G-20 summits. Not this time. When world leaders meet in Hamburg on Friday, China and Germany will move in to usurp the U.S.’s role. Read Here – Bloomberg
It’s a story about the tail that wagged the dog that didn’t bark that isn’t in Kansas anymore. The dog that didn’t bark is commodity prices, and the tail that wagged is the Chinese yuan. Read Here – Asia Times
When a ransomware outbreak exploded from Ukraine across Europe yesterday, disrupting companies, government agencies, and critical infrastructure, it at first appeared to be just another profit-focused cybercriminal scheme—albeit a particularly vicious and damaging one. But its origins in Ukraine raised deeper questions. After all, shadowy hackers have waged a cyberwar there for years, likely at […]
With a fortune largely tied to his 78.9 million shares of Amazon, the net worth of Jeff Bezos continues to be on the rise. Just days ago, Amazon shares reached all-time highs after the company’s ambitious acquisition of Whole Foods. This puts Bezos just $4 billion away from displacing Bill Gates as the world’s […]
Reform is always easier when a crisis leaves policy makers no other options. But without further change, Asia will continue to rely too much on debt instead of productivity gains for growth. In poorer nations, improvements in household welfare will lag. As in the years before 1997, economic irregularities could build up to the point […]
As the global economy picks back up, it is difficult to imagine populism maintaining momentum. A new Pew study finds, “Nearly a decade after the worst economic downturn since the Great Depression, economic spirits are reviving. … A median of 51% in the 17 advanced economies surveyed believes that their current economic situation is good, […]
Nepalese citizens hold an estimated $500 million in the banned notes, most of them sent back as savings by the more than one million Nepalese nationals working in India, says Chiranjibi Nepal, governor of the country’s central bank, the Nepal Rashtra Bank. Yet seven months after the ban, India has yet to exchange those notes […]
What did not exist in 2007? Instagram, Uber and 30 of the top 100 digital multinationals. According to the World Investment Report 2017: Investment and the Digital Economy, digital is growing and it is growing fast. Read Here – UNCTAD
looking beyond borders 