Six years ago, Chinese Premier Wen Jiabao cautioned that China’s economy is “unstable, unbalanced, uncoordinated and unsustainable.” China has since doubled down on the economic model that prompted his concern. Mr. Wen spoke out in an attempt to change the course of an economy dangerously dependent on one lever to generate growth: heavy investment in the […]
Five years after the advent of the crisis, it’s time to shed outdated economic paradigms. Four international experts explain the ideas we have to leave behind – and outline what comes next for the global economy. Read Here – The European
In 1980, the US economy was more than 10 times larger than China’s, yet by 2017, China with its rapid growth could have the largest share of global GDP, more than 18 percent, according to International Monetary Fund projections. US leaders have not prepared their citizens for this “great convergence,” suggests Kishore Mahbubani, author and […]
CHINA is known for its industrial might. Manufacturers, miners, utilities and builders accounted for over 45% of China‘s GDP in 2012. In America, by contrast, they contributed less than 20%. China, according to caricature, makes things—things you can drop on your foot. Soft-toed America merely designs, brands and peddles them. Read Here – The Economist
President Barack Obama will describe his plan for spurring the economy in his State of the Union address on Tuesday, offering proposals for investments in infrastructure, manufacturing, clean energy and education, a senior administration official said on Saturday. In the annual presidential address to Congress, Obama plans to show he has not lost sight of […]
Britain’s economy is a riddle wrapped in a mystery inside an enigma, but this much is clear: it’s a disaster. After its Olympics-fueled growth, such as it was, lifted it out of recession in the third quarter of 2012, Britain might be headed back after its economy fell 0.3 percent at the end of the year — the […]
Whatever may be said about India, it is obvious that no structural transformation of our largely poverty-stricken economy has occurred and what is more, none seems very likely in the immediate future. Not only have three decades of high GDP growth gone unaccompanied by a societal transformation, we seem to have regressed on certain fronts. Read […]
FOR 35 years the steel bolts holding up the ceiling of Sasago Tunnel, on a busy toll road west of Tokyo, were never checked. On December 2nd more than 600 of them had worked themselves so loose that a 130-metre stretch of the roof collapsed, crushing nine motorists. The disaster played into the hands of […]
Earlier this month the National Intelligence Council released its Global Trends 2030: Alternative Worlds report — a document that comes out once per presidential administration — mapping out likely geopolitical trends over the next two decades or so. As usual, it’s a must-read, offering comprehensive analysis of the disparate factors that will drive global politics through 2030. […]
Global attention is increasingly turning towards Asia as the concurrent rises of China and India signify the nascent stages of the Asian 21st century. As part of this focus, greater reflection is being given to the standing that India and China have held in the past; their natural primacy as great powers in terms of demographics, economic clout […]
looking beyond borders 