The strategy of “infrastructure-led growth” (growth, not economic and social development) seems to be showing its limits in Africa, where China has largely been instrumental in promoting it. This strategy is based on the Keynesian multiplier theory whereby any increase in aggregate demand would result in a more than proportional increase in GDP. Read Here […]
To date, there is little reason to think that global demand for dollars is drying up. But there is another way the United States could lose its status as issuer of the world’s dominant reserve currency: it could voluntarily abandon dollar hegemony because the domestic economic and political costs have grown too high. Read Here […]
Xi Jinping intends to be the Leader of the “Second Hundred” just as Mao Zedong is regarded as the Leader of the “First Hundred”. This means the world will be dealing with President Xi Jinping for some time. It is, therefore, important to get a proper measure of the person. Read Here – The Indian […]
As the United States awakens to its supply-chain vulnerabilities amid heightened pressure on companies to “reshore” from China, it is grappling with an uncomfortable truth: most will not end up relocating to the US. And, business experts say, the relatively few that do probably should not have left in the first place. Read Here – […]
The global clout of OPEC, never one of the world’s most admired institutions, reached a nadir in April when a dispute between Saudi Arabia and Russia triggered a price war just as global oil demand was collapsing due to the coronavirus pandemic. Three months later, the cartel has re-emerged as a model of transnational cooperation and […]
The Chinese government is likely to face a tricky economic policy choice in the second half of this year. If it loosens its fiscal stance, public finances will worsen significantly. But if it cuts expenditure to offset the pandemic-related revenue shortfall, growth will be lower, with dire consequences. Read Here – Project Syndicate
The pandemic and the protests of recent months should serve as a reminder of a simple truth: a mask is always just a mask. What matters for democracy is not whether people cover their faces in public, but which people, and why. Read Here – Project Syndicate
Trump badly wants a deal with Chinese President Xi Jinping, while Pompeo wants the United States to stop dealing with China altogether. Unlike Pompeo, Trump has publicly praised Xi and, according to former National Security Advisor John Bolton, even expressed his approval of China’s crackdowns in Xinjiang and Hong Kong. Read Here – Foreign Policy
Even as India and China hold talks to defuse a deadly Himalayan border clash between their troops last month, New Delhi’s next challenge from Beijing is already emerging, over 1,000km (620 miles) away from Indian territory – in Iran. Read Here – South China Morning Post
The “dollar-is-crashing” trade is the ultimate widow-maker. For decades, it’s confounded more punters than bets against Chinese stocks, Japanese debt and Hong Kong property combined. Yet might it soon pay off, finally, thanks to Donald Trump’s blunderbuss of a White House? The odds don’t favour it, at least for now. Read Here – Asia Times
looking beyond borders 