Even if the United States turns a blind eye to deglobalization’s effects on the rest of the world, it should remember that the current abundant demand for dollar assets depends heavily on the vast trade and financial system that some American politicians aim to shrink. If deglobalization goes too far, no country will be spared. […]
The economic repercussions of the novel coronavirus pandemic must not be understood as an ordinary problem that macroeconomics can solve or alleviate. Rather, the world could be witnessing a fundamental shift in the very nature of the global economy. Read Here – Foreign Affairs
With cities wounded by days of violent unrest, America headed into a new week with neighbourhoods in shambles, urban streets on lockdown and shaken confidence about when leaders would find the answers to control the mayhem amid unrelenting raw emotion over police killings of black people. All of it smashed into a nation already bludgeoned […]
If recent weeks have shown us anything, it’s that the world is not just flat. It’s fragile. And we’re the ones who made it that way with our own hands. Just look around. Over the past 20 years, we’ve been steadily removing man-made and natural buffers, redundancies, regulations and norms that provide resilience and protection […]
Many on the left still cling to the hope that the COVID-19 crisis will translate into the use of state power on behalf of the powerless. But those in authority have never hesitated to harness government intervention to the preservation of oligarchy, and a pandemic alone won’t change that. Read Here – Project Syndicate
The COVID-19 crisis has pushed Europeans’ strategic thinking about China – already shifting because of three developments – past the tipping point. After years of pursuing closer bilateral economic ties, Europeans suddenly realise that they have become dangerously dependent on Chinese trade and investment. Read Here – Project Syndicate
The novel coronavirus plunged emerging markets into crisis. As investors rushed to safety, major emerging economies lost more than $100 billion in foreign currency reserves in the month of March alone. Trade flows shrank. New capital inflows dried up. In many ways, the pandemic has been harder on emerging economies than the 2008 global financial […]
Both Chinese President Xi Jinping and US President Donald Trump face challenges to their legitimacy and political future from the pandemic and the two are equally eager to deflect responsibility for the crisis. The Chinese regime has mounted an aggressive campaign to promote the superiority of its system and assert global leadership, despite widely held […]
As Brazil and India struggle with surging coronavirus cases, a top health expert is warning that the world is still in the very middle of the outbreak, dampening hopes for a speedy global economic rebound and renewed international travel. “Right now, we’re not in the second wave. We’re right in the middle of the first […]
The past is not prologue, and the comparisons to war have limits and detractors. Still, wartime analogies can be useful for an understanding of the potential economic consequences of this crisis. Wars last longer than downturns, and the economic cycle in which we suddenly find ourselves is unlike any peacetime cycle we have experienced in […]
looking beyond borders 