The institutions that oversee the global economy – the IMF, the World Band, and the World Trading Organization – have all derived their authority from the support of the world’s economic hegemon, the United States. With the US under Donald Trump rapidly dumping its leadership role, how will the resulting vacuum be filled? Read Here […]
Asia is likely to remain the world’s economic engine despite the recent soft patch in global growth and increasing volatility in international financial markets, says the International Monetary Fund. Read Here – International Monetary Fund
In his new book, “The Great Convergence: Asia, the West and the Logic of One World,” Kishore Mahbubani, dean of the Lee Kuan Yew School of Public Policy in Singapore, at last rises to the challenge. In a way, it is no surprise that a former UN ambassador from one of the smallest countries in Asia has the largest vision. […]
The International Monetary Fund has rethought its doctrine on capital controls. The IMF, which previously favored unfettered flows of money across borders, now accepts that controls are sometimes necessary. This is a real improvement, yet it’s incomplete because it lacks a mechanism for supervision and enforcement. The fund can’t rectify that omission by itself. Member governments can and should. […]
looking beyond borders 