The COVID-19 outbreak has hit at a time of much greater economic vulnerability than in 2003, during the SARS outbreak, and China’s share of world output has more than doubled since then. With other major economies already struggling, the risk of outright global recession in the first half of 2020 seems like a distinct possibility. […]
The British government still needs to negotiate the terms of its future relations with the EU, a task so complex that many doubt it can be completed by the end of the year, when another ominous deadline looms. In the meantime, the country will be stuck in EU purgatory, bound by the bloc’s laws and […]
From 1990 to 2008, annual growth in world trade was fully 82% faster than world GDP growth. Now, however, reflecting the unusually sharp post-crisis slowdown in global trade growth, this cushion has shrunk dramatically, to just 13% over the 2010-19 period, leaving the world economy more vulnerable to all-too-frequent shocks. Read Here – Project Syndicate
Zuckerberg at Facebook, Sundar Pichai at Google, at its parent company Alphabet, Larry Page and Sergey Brin, Brin’s ex-sister-in-law, Susan Wojcicki at YouTube and Jack Dorsey at Twitter. The Silicon Six — all billionaires, all Americans — who care more about boosting their share price than about protecting democracy. This is ideological imperialism — six […]
In his brief time on the political stage, Donald Trump has commandeered the national conservative movement, remade the Republican Party in his image, and used his office to confer untold value on the Trump brand. Between their business holdings and their political influence, the Trumps could remain a fixture of American life for generations. The […]
Some 48 years ago, when the U.S. and British Navies tried to threaten Indian security during the India-Pakistan war in 1971, the Soviet Union dispatched nuclear-armed flotilla from its Pacific Fleet based at Vladivostok in support of India. Ever since then, the city of Vladivostok, located in Russia’s Far East, has had a special place […]
Globalization, digital technologies, and other factors have allowed competitive US corporations to achieve market dominance. If the past is any guide, it is only right that these “superstar” firms should now be challenged by grassroots political movements protesting against an unholy alliance of private-sector and government elites. Read Here – Project Syndicate
Annual survey by Beijing shows China’s migrant workers are less inclined to travel long distances for work, with governments offering grants to stay locally. The average age of migrant workers is rising, with a new generation of workers less content to work in factories or construction sites. Read Here – South China Morning Post
Experts play valuable and highly visible roles advising leaders in wealthy liberal democracies and international institutions. But far less is known about what they do—and to what effect—for authoritarian regimes and developing countries. That’s a problem, because autocratic leaders from China to Saudi Arabia increasingly rely on experts, especially from top consulting firms, universities, and think tanks […]
Multilateralism and global cooperation are under increasing threat, posing a serious risk to future prosperity. Business and finance leaders should care deeply about this state of affairs, so why aren’t they doing much more to help counter it? Read Here – Project Syndicate
looking beyond borders 