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Archive for the tag “Global Economy”

Ant Group’s Long March

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 suspension signals stronger fintech regulation

The Triple Crisis Shaking The World

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

How Pandemics Leave The Poor Even Farther Behind

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 any guide, the toll on poorer and vulnerable segments of society will be several times worse.

Read Here – IMF Blog

The Real Fight For The Future Of 5G

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 the megascale centers that house the data and do a great deal of computing themselves) is physically near enough to these input devices.

Read Here – Foreign Affairs

How A Weaponised Dollar Could Backfire

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

Reaping The Benefits Of African Economic Integration

Africa must industrialise to diversify away from natural resources and create jobs for its fast-growing young population. And by boosting intra-continental trade, consumption, and investment, regional integration can be a strong vector for improving productivity, building manufacturing powerhouses, and developing credible African brands.

Read Here – Project Syndicate

The Age Of Uneasy Peace

…the post–Cold War interregnum of U.S. hegemony is over, and bipolarity is set to return, with China playing the role of the junior superpower. The transition will be a tumultuous, perhaps even violent, affair, as China’s rise sets the country on a collision course with the United States over a number of clashing interests. But as Washington slowly retreats from some of its diplomatic and military engagements abroad, Beijing has no clear plan for filling this leadership vacuum and shaping new international norms from the ground up.

Read Here – Foreign Affairs

The Biggest Threats To China’s Economy In 2018

China’s economy begins 2018 facing what its own leaders call three years of “critical battles.” Those fights to tackle domestic debt, poverty and pollution pose a hat-trick of risks to the world’s No. 2 economy even before higher interest rates and trade war threats from the U.S. are taken into account. While the nation is starting from a position of strength, with full-year growth in 2017 poised for its first acceleration since 2010, the expansion is seen slowing in 2018.

Read Here – Bloomberg

Will Xi Jinping’s Second Term Bring ‘New Cycle’ For The Economy?

A growing number of economists are joining the chorus forecasting the arrival of a stronger Chinese economy under President Xi Jinping – a stark contrast from a year ago, when China was seen as a source of instability for the world. Although Beijing has delivered scant evidence that it is taming its debt mountain, the optimists are starting to make their voices heard over talk of a hard landing or crisis in China’s growth narrative.

Read Here – South China Morning Post

Trump Must Tread Carefully With His Asian Bankers

As Donald Trump angles to make America’s debt burden great again, he has some finessing to do with his bankers. No, not Russia in this case, but China and Japan, both by far the biggest holders of U.S. Treasuries with a combined $2.3 trillion. South Korea’s $95 billion stockpile also has folks in Seoul curious about President Trump adding at least $1.5 trillion of debt for giant tax cuts America doesn’t need.

Read Here – Asia Times

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