FOR investors around the world, the recovery seems assured. The MSCI global share index has risen almost 10% since July. The credit for this largely goes to central bankers. In July Mario Draghi, president of the European Central Bank (ECB), said he would do whatever it takes to hold the euro together. In early September […]
The move by Australia’s central bank to lower interest rates from October 3 is the latest sign of pessimism about the prospects of the China-led resources boom. In announcing an unexpected cut to the official cash rate by 25 basis points to 3.25 percent, the Reserve Bank of Australia (RBA) indicated that the global outlook was […]
The biggest problem facing the global economy is not climate change, trade imbalances, financial regulation, or the eurozone. It is short-term thinking. An epidemic of myopia has swept over the world in the past few decades, and it threatens our living standards like nothing else. t’s an epidemic with more than one cause, and not […]
looking beyond borders 