The recent financial turmoil in China, with interbank loan rates spiking to double digits within days, provides further confirmation that the world’s second-largest economy is headed for a hard landing. Fueled by massive credit growth (equivalent to 30% of GDP from 2008 to 2012), the Chinese economy has taken on a level of financial leverage […]
World economic growth will struggle to accelerate this year as a U.S. expansion weakens,China’s economy levels off and Europe’s recession deepens, the International Monetary Fund said. Read Here – Bloomberg
Africa‘s thriving democracies and economies, and its alarming transnational security threats, make it more important than ever to the United States. Obama, however, has largely ignored the continent. Regardless of who wins in November, Washington cannot afford to continue on the president’s current path. Read Here – Foreign Affairs
The problem is that China does not really have a liquidity crisis; it has a debt crisis, and the debt crisis is the result of a slowdown in the economy. Despite claims from China’s National Bureau of Statistics that the economy is growing 7.7 percent, growth is more like 3 to 4 percent. And if […]
China’s economic headache just got a little worse. Along with rising local debt, plunging exports, and lackluster investment, add the specter of weak employment. Read Here – Businessweek
In the debate over the future of China’s growth, one factor typically animates the bulls more than any other: the country’s sheer size. One way or another, this undergirds most optimistic scenarios. China is so big it can absorb years and years of public-works spending without waste becoming a drag. The population is so large, […]
The International Monetary Fund’s 2012 World Economic Outlook provided surprising cause for optimism about economic growth in several African countries. Based on the IMF’s estimates, Business Insider recently profiled 20 countries with the highest projected compounded annual growth rate (CAGR) from 2013 through 2017; ten of them are in sub-Saharan Africa, and two are in North Africa. These statistics […]
INDIA will soon have a fifth of the world’s working-age population. But many are worried that it is squandering its opportunity. During the boom of the 1990s and 2000s it became fashionable to talk of India’s demographic dividend – evoking the experiences of East Asia. There, working-age populations rose at the same time as the […]
The wreckage caused by China’s great, juddering slowdown continues to spread far beyond the country’s shores. Although most commodities enjoyed a bounce on May 3, after better-than-expected U.S. employment data, the plunge in their prices over the past few months suggests the past decade’s rally is truly broken, Ruchir Sharma argues Read Here – Bloomberg
Let me posit a radical idea: The most critical threat facing the United States now and for the foreseeable future is not a rising China, a reckless North Korea, a nuclear Iran, modern terrorism, or climate change. Although all of these constitute potential or actual threats, the biggest challenges facing the US are its burgeoning […]
looking beyond borders 