Why Interest Rates Matter
The Federal Reserve’s primary economic policy tool is also a macro-signal of the economy’s health. Read More Here
Tag: Economic policy
Asia’s Strongmen And Their Weak Economies
Many people seem to believe that authoritarian rulers deliver better economic results. And yet, with the possible exception of China’s Xi Jinping, Asia’s autocrats, from India to the Philippines, are presiding over increasingly fragile states and even more vulnerable economies. Read Here – Project Syndicate
What China Could Learn From Richard Nixon
Downshifting is always painful, but politicians often make it more painful—and ultimately more destabilising—than it needs to be. That was certainly the case in the U.S. in the 1970s, and Chinese leaders would do well to learn from America’s experience. Read Here – The Atlantic
China’s New Silk Road Dream
For centuries the Silk Road, stretching across deserts, steppes, and mountains, linked the imperial dynasties of China with Europe. Chinese rulers used the thoroughfares to expand their power and influence deep into Asia. Today a newly assertive Chinese empire—this time, a communist one—is undertaking a gargantuan project to re-create those ancient trade routes and the […]
Who Is The Bigger U.S. Creditor?
Differing views have been expressed in the debate on who is going to be the biggest US creditor. However, it is certain that China and Japan will remain as the top 2 creditors for the foreseeable future. Read Here – Global Times
Why Mr Modi Shouldn’t Puzzle Indians
Mr Modi’s government has proceeded in a manner exactly predictable from his claims and promises on the campaign trail. He will not change the bedrock of economic policy since 2004 — the reliance on private-public partnerships, for example. He will instead work towards quicker execution, lower taxes, and a less intrusive state. Read Here – […]
Dictator Envy
Watching China’s economic planning process, Indians may be tempted to ditch democracy. Here’s why they shouldn’t. Read Here – The Diplomat
Xi Jinping Is Officially China’s New President. Now What?
In a move that came as a surprise to no one, the nearly 3,000 delegates of the National People’s Congress elected 59-year-old Xi Jinping as president of China, replacing 70-year-old Hu Jintao, on March 14 in the Great Hall of the People in Beijing. Xi is expected to serve two five-year-terms, following precedent. The vote: one […]
Why Stimulus Has Failed
Two fundamental beliefs have driven economic policy around the world in recent years. The first is that the world suffers from a shortage of aggregate demand relative to supply; the second is that monetary and fiscal stimulus will close the gap. Is it possible that the diagnosis is right, but that the remedy is wrong? […]
The New Mercantilist Challenge
The history of economics is largely a struggle between two opposing schools of thought, “liberalism” and “mercantilism.” Economic liberalism, with its emphasis on private entrepreneurship and free markets, is today’s dominant doctrine. But its intellectual victory has blinded us to the great appeal – and frequent success – of mercantilist practices. In fact, mercantilism remains […]
looking beyond borders 