China faces three major structural challenges that expose it to the risk of economic stagnation: escalating debt, sluggish household consumption and adverse demographic trends. Read More Here
The centrality of the U.S. dollar in world affairs is mainly determined by economic factors, but geopolitical forces are threatening to weaken its top spot in the currency hierarchy. Read More Here
Africa has been crucial to China’s foreign policy since the end of the Chinese civil war in 1947. China supported several African liberation movements during the Cold War, and for every year since 1950 bar one, the foreign minister of the People’s Republic of China (PRC) has first visited an African country. Read More Here
As financial conditions tighten, even countries that had seemed on track to prosperity and stability now stare into the abyss of debt distress, fragility and uncertainty about the future. Both aid and trade have key roles to play in reversing the impacts of this quadruple shock and putting the world back on track. Read More […]
Though drops in the Japanese yen and Chinese yuan are getting the global headlines, the all-time lows set by the Indian rupee may be the most troubling currency stumble of them all. Read More Here
There’s a new coalition government in power in Islamabad. And, like its predecessors, it not only inherits an economy in crisis, but is also engaging the International Monetary Fund, as well as key foreign partners – including Saudi Arabia and the United Arab Emirates – for emergency support. Read More Here
Facing Sri Lanka’s worst economic crisis, the Rajapaksa family’s appeals to national security and Sinhala Buddhist nationalism may no longer be enough to keep them in power. 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
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 continuing global recovery faces multiple challenges as the pandemic enters its third year. The rapid spread of the Omicron variant has led to renewed mobility restrictions in many countries and increased labor shortages. Supply disruptions still weigh on activity and are contributing to higher inflation, adding to pressures from strong demand and elevated food […]
looking beyond borders 