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looking beyond borders

foreign policy and global economy

Archive for the tag “Economy”

Has Asia Learned From The 1997 Crisis?

Reform is always easier when a crisis leaves policy makers no other options. But without further change, Asia will continue to rely too much on debt instead of productivity gains for growth. In poorer nations, improvements in household welfare will lag. As in the years before 1997, economic irregularities could build up to the point where the region faces another crisis. Will the next Kim Dae-jungs be there when you need them?

Read Here – Bloomberg View

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The Kingmaker Clan Behind Xi Jinping

File photo of Chinese President Xi Jinping

Beijing, naturally, is where the action happens in China’s political theater. But to really understand the country’s complex power structure — and the intense, ongoing struggle for supremacy — it is also important to look backstage. That would be Guangdong Province, nearly 2,000km to the south.

Read Here – Nikkei Asian Review

Populism Spreads Across U.S., Europe But Could Halt As Economy Rallies

As the global economy picks back up, it is difficult to imagine populism maintaining momentum. A new Pew study finds, “Nearly a decade after the worst economic downturn since the Great Depression, economic spirits are reviving. … A median of 51% in the 17 advanced economies surveyed believes that their current economic situation is good, 45% think it’s bad,” and there is “strong upbeat sentiment in northern Europe.”

Read Here – The Cipher Brief

Xi Says China, India Should Focus On Cooperation

India’s Prime Minister Narendra Modi in a group photograph of the SCO Member States’ at the Shanghai Cooperation Organisation (SCO) Summit, in Astana, Kazakhstan on June 09, 2017.

Chinese President Xi Jinping met with Indian Prime Minister Narendra Modi, calling for closer cooperation between the two countries. Faced with profound and complex changes of the international situation, China and India, as the world’s two largest developing countries, should pay more attention to cooperation and go ahead with each other as partners, so as to instil more momentum into each other’s development and contribute to world peace, stability and common development, said the Chinese president.

Read Here – Xinhua

Digital Radically Changes Global Investment Patterns

What did not exist in 2007? Instagram, Uber and 30 of the top 100 digital multinationals. According to the World Investment Report 2017: Investment and the Digital Economy, digital is growing and it is growing fast.

Read Here – UNCTAD

In Trump’s White House, Everything’s Coming In ‘Two Weeks’

President Donald Trump has a plan. It’ll be ready in two weeks. From overhauling the tax code to releasing an infrastructure package to making decisions on Nafta and the Paris climate agreement, Trump has a common refrain: A big announcement is coming in just “two weeks.” It rarely does.

Read Here – Bloomberg

Will Qatar’s Diplomatic Exile Spark The Next Great War?

Sarajevo 1914, Doha 2017? We could be at a historic moment akin to the assassination of the heir presumptive to the Austro-Hungarian Empire, which resulted in what became known as the Great War. This time, though, the possible clash is between a Saudi-United Arab Emirates force and Iran. Washington is going to have to act quickly to stop the march to war, rather than wait for the carnage to begin.

Read Here – Foreign Policy

The World’s $100 Trillion Question: Why Is Inflation So Low?

Central bankers and investors are grappling with a $100 trillion question: why consumer price inflation remains so low in most parts of the world even as economic growth quickens. Compounding the riddle, question marks are now emerging over the one part of the global inflation picture that had been moving higher — producer prices.

Read Here – Bloomberg

Rest Assured. China Has Its Economy’s Back

The People’s Bank of China has surprised many with its tolerance for market pain as it squeezes leverage in parts of the financial system. But rest assured, China won’t clamp down so hard it endangers President Xi Jinping’s goal to keep growth above 6.5 percent, according to economists from Morgan Stanley, Mizuho Securities and Oxford Economics.

Read Here – Bloomberg

Presidential Politics And Stock Returns: Is The Relation Real Or Spurious?

…Analysis of the respective stock markets and incumbent political parties of Australia, Canada, France, Germany, and the United Kingdom finds a result opposite that identified in the US, indicating that investors should interpret historical statistical relationships with a healthy skepticism.

Read Here – Research Affiliates

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