China’s embrace of economic reform in the 1980s and 1990s reshaped the global economy and deepened its ties to the West, ushering in an era of free trade and multilateral cooperation. Several recent books revisit this period, showing how early optimism gave way to nationalism, protectionism, and strategic rivalry. Read More Here
Unchecked economic globalization has empowered the leaders of major powers, particularly the United States, to wield disproportionate influence over the well-being of billions of people who have no say in selecting these leaders. This erosion of global democracy is having far-reaching geopolitical consequences. Read More Here
Trade blocs seeking to skirt geopolitical risk by “friend-shoring” activities to like-minded countries should be careful which commerce partners they favour. Read More Here
The global economic outlook has darkened, and growth across Asia and the Pacific is poised to slow further amid the continuing impact of Russia’s invasion of Ukraine and other shocks. Economic growth in Asia and the Pacific is projected to decelerate to 4.2 percent this year, 0.7 percentage points less than we forecasted in April and slower […]
If China goes ahead with an invasion of Taiwan, regardless of whether China officially considers it an invasion, it could have a substantial impact on global trade. Read More Here
The abrupt suspension of Ant Group’s IPO may reflect Chinese authorities’ displeasure over a recent speech by the fintech conglomerate’s controlling shareholder, Jack Ma, who was critical of financial regulations that he believes show insufficient understanding and support for fintech innovation. Is Ma right? Read Here | Project Syndicate Also Read | Ant Group IPO […]
More than just a public-health disaster, the COVID-19 pandemic is a history-defining event with far-reaching implications for the global distribution of wealth and power. With economies in free-fall and geopolitical tensions rising, there can be no return to normal: the past is passed, and only the future counts now. Read Here – Project Syndicate
The COVID-19 crisis is now widely seen as the greatest economic calamity since the Great Depression. In January, the IMF expected global income to grow 3 percent; it is now forecast to fall 3 percent, much worse than during the Great Recession of 2008-09. Behind this dire statistic is an even grimmer possibility: if past pandemics are […]
With 5G it is possible to do enormous amounts of computing at very high speeds and without having to connect the input device—a cell phone, say, or a self-driving car—to a wire of any kind. But those high speeds are possible only if the rest of the system (signal towers, base stations, distributed servers, and […]
United States foreign policy under President Donald Trump continues to run counter to America’s traditional post-war objectives. Should the US carelessly relinquish leadership of the global multilateral order, the dollar might eventually lose its own long-standing primacy. Read Here – Project Syndicate
looking beyond borders 