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looking beyond borders

foreign policy and global economy

Archive for the tag “Economy”

Misreading China’s Strength

With the Chinese economy slowing, the US believes that China is hurting and desperate for a deal to end the bilateral trade war before it resumes after March 1, when the current 90-day truce expires. But the two economies’ longer-term fundamentals compel a very different verdict on relative strength.

Read Here – Project Syndicate

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China Reveals Details Of ‘Greater Bay Area’ Plan To Turn Hong Kong And 10 Neighbouring Cities Into Economic Hub

A cluster of world-class cities for work, life and leisure forms the central vision of the “Greater Bay Area” finally unveiled by the Chinese government late on Monday, laying out a road map to what it hailed as the new era of opening up. Coming 40 years after the 1978 opening up of China, the State Council published a document setting out an ambitious plan to transform 11 cities around the Pearl River Delta into a thriving global centre of technology, innovation and economic vibrancy.

Read Here – South China Morning Post

Saudi Crown Prince Oversees $20 bln Of Deals With Pakistan

Crown Prince Mohammed bin Salman told Pakistani Prime Minister Imran Khan to consider him the “ambassador of Pakistan” in Saudi Arabia moments after the two countries signed key memorandums of understanding (MoUs) worth $20 billion on Sunday in the fields of energy, petrochemicals, minerals, agriculture and food processing.

Read Here – Arab News

The End Of Economics?

In the three decades since the end of the Cold War, economics has enjoyed a kind of intellectual hegemony. In the three decades since the end of the Cold War, economics has enjoyed a kind of intellectual hegemony. It has become first among equals in the social sciences and has dominated most policy agendas as well. Economists have been much sought after by businesses, governments, and society at large, their insights seen as useful in every sphere of life…That hegemony is now over.

Read Here – Foreign Policy

Why Do Extremist Groups Thrive In Africa?

Throughout the continent of Africa—like throughout the rest of the world—extremism in all its forms has been on the rise. Unemployment, poverty, deprivation, marginalization can be contributing factors as well as catalysts to an individual’s pathway to extremism, though it is important to note that, based on numerous social science research reports, the journey to extremism is individualized and personal.

Read Here – National Interest

Reaping The Benefits Of African Economic Integration

Africa must industrialise to diversify away from natural resources and create jobs for its fast-growing young population. And by boosting intra-continental trade, consumption, and investment, regional integration can be a strong vector for improving productivity, building manufacturing powerhouses, and developing credible African brands.

Read Here – Project Syndicate

China’s Economic Reforms Are Working. The Bad News Is The Pain May Get Worse

The Chinese economy ended 2018 on a weak note, but not so weak that people now fear growth will fall off a cliff. Gross domestic product growth in the fourth quarter clocked in at 6.4 per cent, the weakest since the first quarter of 2009, but in line with market expectations. The quarterly growth profile, which shows a persistent weakening trend – from 6.8 per cent in the first quarter, to 6.7 per cent6.5 per cent and now 6.4 per cent – is indicative of the harsher conditions facing the economy.

Read Here – South China Morning Post

China Economy Slows Further, Matching Its Lowest Ever Quarterly Growth

The Chinese economy slowed further in the fourth quarter, matching its lowest recorded reading, last reached during the global financial crisis in 2009. The fourth quarter growth rate of 6.4 per cent, year on year, matched that of the first quarter of 2009, according to data released Monday by the National Bureau of Statistics. That was the lowest growth rate since the Chinese government began publishing quarterly growth rates at the beginning of 1992. 

Read Here – South China Morning Post

Also Read: Trade war or peace, China is seeking economic stability not growth

The World Economy Goes Hollywood

In the film industry, the richest and most experienced studios and producers spend vast amounts of time and money on audience research, but still have no idea if their latest creations will turn out to be hits or flops. So why be surprised if the same is true of financial markets – or, for that matter, of commodity prices, policymaking, and corporate performance?

Read Here – Project Syndicate

China Seeks Big-Ticket Payback From Myanmar

As China surges forward again in Myanmar, new pressure to restart a controversial dam project could represent a watershed moment for bilateral relations. The Beijing-backed US$3.6 billion Myitsone dam project, which if built as previously designed would flood 600 square kilometers of forestland in northern Kachin state and export 90 % of the power produced to China, was suspended by Myanmar’s previous military-dominated government in September 2011.

Read Here – Asia Times

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