The global economic recovery continues, but with a widening gap between advanced economies and many emerging market and developing economies. IMF’s latest global growth forecast of 6 percent for 2021 is unchanged from the previous outlook, but the composition has changed. Read More Here
The global economy and capitalism are at a crossroads, owing to the COVID-19 pandemic, climate change, the rise of digital technology, and the changing nature of labor markets. Understanding this new world will require major breakthroughs in economic thinking, and closer scrutiny of some of the discipline’s core assumptions. Read More Here
By the late Qing period, Chinese officials were confronted with problems hardly conceived of in Confucian classics—but on the other hand, vanishingly few U.S. policymakers have degrees in science or foreign languages, and yet they nevertheless make decisions regarding nuclear weapons, biotechnology, and international trade. Read More Here
China has unquestionably studied the Japanese ordeal to find out which policies work and which don’t. Unfortunately, Japan’s economy has been stationary for about three decades, so there is not much help coming from that side. Read More Here
Though they have received most of the attention, supply bottlenecks are hardly the only factor to consider when assessing the recent surge of inflation. Far more important are broader structural changes in the economy and the alarmingly complacent attitude of central banks. Read More Here
More than 75 years after the United States began to build a system of liberal trade to help integrate the world around a vision of peaceful economic cooperation, many of the most vital international systems are failing. Read More Here
While in many ways Raisi is a stereotypical conservative politician who puts ideology before any economic concern, all signs indicate that he will be unable to treat the economy as an afterthought during his tenure. Read More Here
The crash in international tourism due to the coronavirus pandemic could cause a loss of more than $4 trillion to the global GDP for the years 2020 and 2021, according to an UNCTAD report. The estimated loss has been caused by the pandemic’s direct impact on tourism and its ripple effect on other sectors closely linked […]
For the West, China is a disputable issue, even more so its phenomenal economic growth in recent decades. There are many question marks, in the West, over the emergence of China as the new economic, political, and recently also technological power. What is the secret behind China’s unprecedented success story? Read More Here
The United States and China are embroiled in a contest that might prove more enduring, more wide-ranging, and more intense than any other international competition in modern history, including the Cold War. Read More Here
