Core dollar exchange rates have so far been surprisingly stable during the pandemic, most likely because major central banks’ policy interest rates are effectively frozen at or near zero. But although the current stasis could last awhile, it will not last forever. Read Here | Project Syndicate
Nearly eight months after it was declared a pandemic, COVID-19 rages on, and there is no global consensus on the right policy mix for addressing the public health crisis. But on how to deal with the economic fallout, the winning strategy is clear: Spend early and spend big. And no major economy has done that […]
At a time that U.S. health experts are warning of a dark U.S. coronavirus winter, one has to hope that U.S. economic policymakers are taking note of the gathering of European economic storm clouds and of the implications that this might have for the global economic outlook. Read Here | Foreign Policy
Whether Trump wins or loses, Trumpism has come to stay. It will remain an active force in US politics. American democracy has had to deal with racial and class divides time and again in its history. However, a nation or society being divided along lines of prejudice is one thing, for it to be defined […]
China’s blueprint for its future development comes at a historic turning point in which the country is set to play a bigger role in the global economy, according to experts. Their comments come after proposals for the country’s 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year […]
The Covid-19 pandemic has not stopped Chinese billionaires from getting even richer. A stock market boom and a flurry of new listings has further boosted their fortunes, according to the latest Hurun China Rich List. The super-rich – with wealth of at least 2 billion yuan (US$300 million) to make the list – added US$1.5 trillion to […]
China has now displaced the U.S. to become the largest economy in the world. Measured by the more refined yardstick that both the IMF and CIA now judge to be the single best metric for comparing national economies, the IMF Report shows that China’s economy is one-sixth larger than America’s ($24.2 trillion versus the U.S.’s […]
The COVID-19 pandemic continues to spread with over 1 million lives tragically lost so far. Living with the novel coronavirus has been a challenge like no other, but the world is adapting. As a result of eased lockdowns and the rapid deployment of policy support at an unprecedented scale by central banks and governments around […]
How did western countries, in one quarter of the 20th century, manage to increase both equality and economic efficiency? Why did this virtuous combination ultimately fall apart by the end of the century? The answer lies in the awkward relationship between democracy and capitalism, the former founded on equal political rights, the latter tending to accentuate differences […]
With the most chaotic US election in memory four weeks out, it’s safe to say Asia is not sure what to expect. Neither do Americans, of course. Not with Covid-19-addled President Donald Trump ready to do seemingly anything to cling to the White House. Trump is not just cheating in plain sight, he’s telegraphing lawsuits and manoeuvres […]
looking beyond borders 