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looking beyond borders

foreign policy and global economy

Archive for the tag “jobs”

China’s Middle Class Tightens Its Belt

The sea change in consumer behaviour has apparently worried Beijing. In September, China’s cabinet pushed for supportive mechanisms to boost consumption, following its move in August to raise the threshold for collecting income taxes to 5,000 yuan per month from the previous 3,500 yuan.

Read Here – Nikkei Asian Review

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The U.S. Economy Is Great, Really, For Now

Trump haters may be tempted to conclude from all this that he is about to lead America into a sudden decline, but that is not the point. This American decade started under President Obama, continued under Mr. Trump and survived congressional gridlock throughout, showing that the economy often rises above politics. The economy is driven less by ideology than by its own internal cycles, and this cycle has been turning in America’s favor for so long that it is unlikely to last much longer.

Read Here – New York Times

Asia’s Strongmen And Their Weak Economies

Many people seem to believe that authoritarian rulers deliver better economic results. And yet, with the possible exception of China’s Xi Jinping, Asia’s autocrats, from India to the Philippines, are presiding over increasingly fragile states and even more vulnerable economies.

Read Here – Project Syndicate

Why The U.S. Economy Is Having A Boom

Why is this boom happening? That’s an almost impossible question to answer. Fundamentally, economists don’t know why booms happen. It’s possible that there’s not even such a thing as a “boom” at all — that this is just how the economy works under normal circumstances, when there isn’t a recession or crisis to throw it off its game.

Read Here – Bloomberg

Is Japan Becoming A Country Of Immigration?

As the only advanced industrial democracy that has closed its borders to unskilled migrant labor since the end of World War II, Japan has long been viewed as hostile to immigration. Although the number of foreign nationals in Japan has grown at a rapid pace in recent years—from 850,000 in 1985 to almost 2.6 million in 2017—foreign residents still make up less than two percent of the total population, compared with between eight and 25 percent in western European countries.

Read Here – Foreign Affairs

The Politics Of Trade Wars

One inconvenient feature of the global trading system is that efforts to protect the jobs of voting workers in one country risk affecting jobs, and perhaps votes, in another. Thus President Donald Trump’s proposed tariffs on imported aluminium and steel, offered with the rationale that American metalworkers had been losing jobs to foreign competition, alarmed Europe—the continent has its own metalworkers to worry about, whose jobs to some extent depend on access to markets like America’s.

Read Here – The Atlantic

President Trump’s First Year, In 14 Metrics

Like any president, Trump is taking credit for good economic news. He’s highlighted rising stocks and falling unemployment. But Trump also, famously, regards trade deficits as a sign of economic weakness. And for people who worry about the fact that the U.S. buys more stuff from other countries than it sells them, the news has not been so good.

Read Here – Bloomberg

What The Iran Protests Were Not

Recent protests in numerous Iranian cities and towns caught the world by surprise, and embarrassed Iran’s government and ruling political establishment. But the expectation that the protests would escalate into a popular uprising and unravel the Islamic Republic did not come to pass. Iran’s rulers could take heart from that, but they cannot avoid the broader debates about the future of the Iranian economy and politics that the protests have set in motion.

Read Here – The Atlantic

A Spending Spree As A Means Of Fulfilling The Saudi Vision

Saudi Arabia laid out the biggest spending plan in the kingdom’s history in absolute terms when the government published its 2018 budget in late December. After two years of austerity measures and budget deficits following the oil price dive in 2014, the sizeable amount of slated expenditures for this year could seem counterintuitive.

Read Here – Stratfor

As Good As It Gets

For the first time since 2010, the world economy is outperforming most predictions, and we expect this strength to continue. Our global GDP forecast for 2018 is 4.0%, up from 3.7% in 2017 and meaningfully above consensus. The strength in global growth is broad-based across most advanced and emerging economies, says a Goldman Sachs report on the global economy.

Read Here – Global Economic Analyst/Goldman Sachs

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