In the coming months, highly consequential policy decisions (or their absence) in systemically critical parts of the global economy will be revealed, with significant effects on growth rates, asset prices, and overall confidence. Read Here – Project Syndicate
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 […]
While Washington is consumed by political furor over how to get the federal budget deficit under control, strangely few people are talking about its troublesome twin sister. Unlike the budget deficit, the half-trillion-dollar U.S. trade deficit does nothing to stimulate the economy even in the short term. Rather, it is sucking jobs out of the […]
Five years after the advent of the crisis, it’s time to shed outdated economic paradigms. Four international experts explain the ideas we have to leave behind – and outline what comes next for the global economy. Read Here – The European
For the past few years, as China’s emergence has cast an increasing shadow over the region, Canberra’s strategic thinkers have tried to interest New Delhi in the concept of the “Indo-Pacific” as the two former colonies of Britain, now two leading democracies, find common ground. Those strategists in Australia, the shores of which are washed […]
For the past three years, economists have been arguing about whether growth—the way we’ve understood it in developed economies—will ever return to the wonder years of the end of the 20th century. This week, cautiously, quietly, the Congressional Budget Office weighed in: Maybe economic growth is slowing for good. Read Here – Businessweek
The general mood was at its most upbeat since January 2007, when the financial system was as frozen as the Davos streets. Relief that most experts judged the financial crisis to be over at last outweighed concern that economic growth and job creation seems likely to remain sub-par for the forseeable future. (Christine Lagarde, boss […]
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 […]
This month, the United States National Intelligence Council released a sobering report entitled Global Trends 2030: Alternative Worlds. Most important, according to the authors, if current trends continue, Asia could soon surpass North America and Europe in global power. It will have a higher GDP, larger population, higher military spending, and more technological investment. In this […]
The International Monetary Fund has rethought its doctrine on capital controls. The IMF, which previously favored unfettered flows of money across borders, now accepts that controls are sometimes necessary. This is a real improvement, yet it’s incomplete because it lacks a mechanism for supervision and enforcement. The fund can’t rectify that omission by itself. Member governments can and should. […]
looking beyond borders 