Economies around the world have accumulated layer upon layer of legacies from past shocks since the global financial crisis. Extraordinary fiscal actions in response to the pandemic led to a surge in fiscal deficits and public debt in 2020. Read More Here
Enhanced bilateral trade is important for growing both economies and providing long-term ballast to U.S.-India partnership. To promote their commercial and strategic objectives, the two countries must also play a central role in developing the economic framework for a free and open Indo-Pacific. Read More Here
Coming after a year of high inflation, Russia’s war in Ukraine is forcing a reckoning for policymakers and commentators everywhere. New macroeconomic realities show that the days of mindless demand stimulus, guaranteed bailouts, and activist climate policies must now be put behind us. Read More Here
When firms act in a wartime setting, they become political actors. Thus, taking a stand in a conflict adds the preferences of the business sector to the complexities of wartime bargaining, often making it more difficult to build a peace agreement that all sides will accept. Read More Here
The US-China trade war and the recent freezing of much of Russia’s official foreign-exchange reserves have again raised fears of an exodus from the dollar. But no one should write the greenback’s obituary just yet. Read More Here
Impacts will flow through three main channels. One, higher prices for commodities like food and energy will push up inflation further, in turn eroding the value of incomes and weighing on demand. Two, neighboring economies in particular will grapple with disrupted trade, supply chains, and remittances as well as an historic surge in refugee flows. […]
However the conflict in Eastern Europe unfolds, it seems clear that countries will have to give national security a far more prominent position in their development agendas. This means not only increasing defense spending, but also diversifying energy and food sources – and preparing for global economic fragmentation. Read More Here
An UNCTAD rapid assessment of the war in Ukraine’s impact on trade and development confirms a rapidly worsening outlook for the world economy, underpinned by rising food, fuel and fertilizer prices. The report also shows heightened financial volatility, sustainable development divestment, complex global supply chain reconfigurations and mounting trade costs. Read More Here
Japan and China tend to agree on very little when it comes to economic strategy, geopolitics or managing Western idiosyncrasies. Yet Joe Biden is bringing Tokyo and Beijing together on one issue: their combined US$2.4 trillion of US Treasury debt holdings that are now suddenly in doubt. Read More Here
The supply problems have engendered pervasive nervousness and fear. The induced anxiety, translated into politics, has encouraged the belief that countries need to be self-sufficient. Read More Here
looking beyond borders 