Standing at the center of the global order, the United States has, over the last quarter century, reoriented the way the world—and especially the world’s elite—works, plays, and thinks. It has brought them into an international hierarchy in which gaining status requires succeeding within U.S.-centered networks and playing by U.S. rules. And it makes twenty-first […]
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 […]
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
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, […]
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 […]
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
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
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 […]
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 […]
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. […]
