Governments and central banks have promised to shell out $19.5 trillion since the coronavirus erupted to “put a floor under the world economy,” according to the International Monetary Fund. Some countries need even more help to recover from the crisis, but they might not get it. Read Here | CNN
Today it’s technology that ties the world together, not the container ship. To be effective in leading the United States in the 21st century… If Biden really intends to get tough with China, he’ll have to double down on the U.S.-Chinese tech war that has seen Huawei crippled, Chinese semiconductor foundries put under severe pressure, and TikTok […]
The signing of the Regional Comprehensive Economic Partnership (RCEP), the world’s biggest trade pact, by 15 Asia-Pacific countries Sunday represents a victory for multilateralism over unilateralism and free trade over protectionism. Read Here | People’s Daily Also Read | Welcome To The Might-Is-Right Global Trade Era
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 […]
looking beyond borders 