While the rise of China as an export powerhouse became evident at the beginning of this century, the story began earlier. Towards the end of the 1970s, China began a set of reforms to upgrade its economy and open up to the world. At that time, its share of global trade stood at less than […]
Despite COVID-19, remittance flows remained resilient in 2020, registering a smaller decline than previously projected. Officially recorded remittance flows to low- and middle-income countries reached $540 billion in 2020, just 1.6 percent below the 2019 total of $548 billion. Read Here | World Bank
China’s population grew at its slowest pace since the 1950s over the 10 years to 2020, government data shows, adding to pressure on Beijing to ramp up incentives for couples to have more children and avert an irreversible decline. The population of mainland China increased 5.38 percent to 1.41 billion, according to the results of […]
While the fallout from previous Chinese dynastic power struggles was largely limited to within its borders, the global impact of a twenty-first century succession crisis would be immense. Indeed, under Xi Jinping, the likelihood of a succession crisis grows daily, as he continues to concentrate political power and personalize his rule in contravention of decades […]
Many economists care more about China’s per capita GDP, or income per person, than the aggregate measure. The key takeaway is that China remains a poor country, despite its phenomenal headline economic growth over the past four decades. Read Here | Project Syndicate
Driving the drumbeat are strategic concerns shared with Washington, with possibly some personal ambitions thrown in for good measure. Canberra is seen responding to approaches by Washington to its allies in the Pacific, principally Japan and Australia, to add their weight more openly to the US deterrent… Read Here | Asia Times
As the country continues to grapple with the pandemic, propelling the population into a downward economic and public health spiral, the worst qualities of the current government – an inability to solve its problems without shooting at something – have been further laid bare. Read Here | The Diplomat
The 2020s now appear likely to unfold as a typical postwar decade, with some emerging economies falling, others rising, and a few standing out as genuine stars. A few will continue to rise to prosperity through the tried-and-true method of export manufacturing. Read Here | Foreign Affairs
Europeans have long known that the global balance of power is shifting rapidly to Asia, and America’s attention with it. With the transatlantic alliance only barely surviving Donald Trump’s presidency, this may be the last chance to repurpose it for the twenty-first century. Read Here | Project Syndicate
The prices of raw materials used to make almost everything are skyrocketing, and the upward trajectory looks set to continue as the world economy roars back to life. From steel and copper to corn and lumber, commodities started 2021 with a bang, surging to levels not seen for years. Read Here | Bloomberg
looking beyond borders 