IMF Scares With Global Slowdown Warning
World economic growth will struggle to accelerate this year as a U.S. expansion weakens,China’s economy levels off and Europe’s recession deepens, the International Monetary Fund said. Read Here – Bloomberg
Category: Global Economy
Re-imagining The Old Trade Routes
The efforts to re-establish ancient routes are tied up with the pragmatic needs of new nation states along the routes, such as in the former Soviet Union, for modern infrastructure and this millennium’s goals for development. Today, Unesco is perhaps less persuasive than the realpolitik of Uncad, UNDP, Unescap and ADB pooling their might to […]
World Bank And Its “Doing Business” Index
The World Bank’s Doing Business rankings rate countries on the complexity and time taken to follow the official steps to set up and run a company. It may sound like a banal process, but the ranking has sparked a bitter international argument. Read Here – Businessweek
It’s The Middle Class Again…This Time In Turkey
What started as a small sit-in over government plans to bulldoze a park in Taksim to build a shopping mall mushroomed into a countrywide expression of discontent with Erdogan’s Islamist Justice and Development Party (AKP)—which may have only itself to blame for the protests. Read Here – Businessweek
Ireland And Its Tax Muddle
The Irish economy’s dependence on foreign multinationals is without parallel in the developed world. Foreign-owned companies account for a larger proportion of jobs – in both services and manufacturing – than in any other country in the 34-member OECD. Of the €177 billion earned from exports last year, 90 per cent was generated by non-Irish […]
Global Slowdown Set To Impinge Policy
As evidence mounts that a mid-year slowdown is taking place in the world economy, the next few days will offer a clearer glimpse of how that will impinge on policymaking and buoyant financial markets. Read Here – Reuters
Sending Money Home
In Asia’s developing countries, the power and potential of remittances – the money that migrant workers send home to their families (many of whom live in poor and remote areas) – is immense. Currently, over 60 million migrant workers from the Asia/Pacific region account for more than half of all remittance flows to developing countries, […]
Can We Do Without Economists?
When the stakes are high, it is no surprise that battling political opponents use whatever support they can garner from economists and other researchers. That is what happened when conservative American politicians and European Union officials latched on to the work of two Harvard professors – Carmen Reinhart and Kenneth Rogoff – to justify their support of […]
Ben And His Worries
The bulls are running on Wall Street, but the chief of America’s central bank worries that the market remains dangerously fragile. Federal Reserve Chairman Ben Bernanke explained why on Friday, May 10, in a speech in Chicago at the Fed’s branch there. Here are five things that nag at Bernanke, in his own words. Read Here – Businessweek
China’s Slowdown Skins Gold And Oil
The wreckage caused by China’s great, juddering slowdown continues to spread far beyond the country’s shores. Although most commodities enjoyed a bounce on May 3, after better-than-expected U.S. employment data, the plunge in their prices over the past few months suggests the past decade’s rally is truly broken, Ruchir Sharma argues Read Here – Bloomberg
looking beyond borders 