Pragmatic Flexibility
India and China find that pragmatic flexibility trumps ideology in trade policies. Case in point: Israel. Read Here – The Diplomat
Tag: Global Economy
In Dollar We Believe
Since 1976, the US dollar’s role as an international currency has been slowly waning. International use of the dollar to hold foreign-exchange reserves, denominate financial transactions, invoice trade, and as a vehicle in currency markets is below its level during the heyday of the Bretton Woods era, from 1945 to 1971. But most people would […]
Asia To Remain World’s Growth Engine: IMF
Asia is likely to remain the world’s economic engine despite the recent soft patch in global growth and increasing volatility in international financial markets, says the International Monetary Fund. Read Here – International Monetary Fund
Foreign Policy Going Local
It’s about time that diplomacy adapted to modern times. Information is no longer privy only to embassies. Today, many private intelligence firms, think tanks, and NGOs have better access to quality sources than experienced diplomats do. And the idea that diplomats should exclusively represent their governments in other countries is now obsolete. Read Here – […]
How Is A U.S. Shutdown China’s Gain?
Last week as the U.S. Federal Government shut down, President Obama canceled his planned trip to Indonesia and Brunei, where he was to have attended the Asia-Pacific Economic Cooperation (APEC) forum in Bali. Some foreign policy analysts have argued the canceled trip will inflict serious damage to the United States’ position in Asia. Read Here […]
Advantage USA
Beyond the bright prospects for the return to rapid U.S. economic growth and the resulting decline in federal debt as a percentage of gross domestic product, the U.S. will enjoy six major long-term advantages over its competitors. Read Here – Bloomberg
China’s Hidden Unemployment Crisis
The reality is China’s official urban unemployment rate has long been a near-worthless measure. Even during the global financial crisis in 2009, when tens of millions of workers in China’s export factories lost their jobs, the official rate barely stirred, and it has been moving between just under 4 percent and 4.3 percent for most […]
Xi Starts Americas Tour, To Meet Obama
Xi Jinping‘s just-started journey to the west hemisphere will be his first tour to Latin America as Chinese president. Meanwhile, his June 7-8 talks with his US counterpart Barack Obama at Sunnylands estate, California, will also be the first summit between the world’s two largest economies after both countries underwent leadership transition. Read Here – China Daily
The Promise of Abenomics
Interestingly, a closer look at Japan’s performance over the past decade suggests little reason for persistent bearish sentiment. Indeed, in terms of growth of output per employed worker, Japan has done quite well since the turn of the century. With a shrinking labor force, the standard estimate for Japan in 2012 – that is, before Abenomics […]
The Chinese Numbers Game
Early this year, China found a missing province, one doing very well for itself. The total GDP for 2012, according to the National Bureau of Statistics, was 51.9 trillion yuan. The total GDP figures of China’s 31 provinces for 2012 added up to 57.6 trillion yuan, giving the phantom 32nd province an annual GDP of 5.7 […]
looking beyond borders 