Support and acceptance – seen in the early days of China’s attempts to control the spread of Covid-19 – have given way to mounting fear, confusion and a sense of hopelessness among many citizens, but a rapid reopening and shift away from the stringent policy threatens to put China’s medical system at high risk of […]
After years of ultra-loose fiscal, monetary, and credit policies and the onset of major negative supply shocks, stagflationary pressures are now putting the squeeze on a massive mountain of public- and private-sector debt. The mother of all economic crises looms, and there will be little that policymakers can do about it. Read More Here
Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion. This is sharply lower than the 10.2% increase in 2021, according to the latest World Bank Migration and Development Brief. Read More Here
The most formidable demographic challenge facing the world is no longer rapid population growth, but population ageing. Thoughtful preparedness—combining behavioural changes, investment in human capital and infrastructure, policy and institutional reforms, and technological innovations—can enable countries to meet the challenge and take advantage of the opportunities presented by demographic change. Read More Here
US export curbs threaten record losses for Japanese, South Korean and Taiwanese chip makers and don’t guarantee China’s demise. Read More Here
World trade is expected to lose momentum in the second half of 2022 and remain subdued in 2023 as multiple shocks weigh on the global economy. WTO economists now predict global merchandise trade volumes will grow by 3.5% in 2022—slightly better than the 3.0% forecast in April. For 2023, however, they foresee a 1.0% increase—down […]
Jiang Zemin, the Chinese leader who presided over more than a decade of dramatic economic growth following the bloody 1989 crackdown on pro-democracy protesters in Tiananmen Square, has died. He was 96. Read More Here
‘Zero-Covid’ demonstrations are sweeping China and anything could happen next as Beijing grapples with how to reimpose nationwide order. Read More Here
Much of what Big Tech values is praiseworthy, from fun (a good thing) to wondrous creativity. But, like similar episodes in the nineteenth century, the meltdown of FTX, and the turmoil engulfing Twitter and Meta, have exposed the costs of blindly worshiping enterprise and wealth. Read More Here
The global economy’s dire and deteriorating prospects, together with the scale of the climate challenge, have apparently opened world leaders’ eyes to the risks that deglobalization poses. But it remains to be seen whether this realization will be followed by the action needed to reverse course. Read More Here
looking beyond borders 