The British government still needs to negotiate the terms of its future relations with the EU, a task so complex that many doubt it can be completed by the end of the year, when another ominous deadline looms. In the meantime, the country will be stuck in EU purgatory, bound by the bloc’s laws and […]
The discussion at Davos this year may be part of a move in the right direction toward a more sustainable capitalism. But we need to see some proof: corporations paying taxes and liveable wages, for a start, and respecting – and even advocating – government regulations to protect our health, safety, workers, and the environment. […]
The Brexit campaign was transformed from a fringe eccentricity into a mass movement by a handful of people who decided to make it into an argument about identity. Now Brexit itself has created a whole new set of questions about identity. The next political projects, whatever they are going to be, will take off by […]
From 1990 to 2008, annual growth in world trade was fully 82% faster than world GDP growth. Now, however, reflecting the unusually sharp post-crisis slowdown in global trade growth, this cushion has shrunk dramatically, to just 13% over the 2010-19 period, leaving the world economy more vulnerable to all-too-frequent shocks. Read Here – Project Syndicate
The interim accord has not completely prevented a full-blown trade war between the world’s two largest economies. Nor does it address the rapid deterioration in Sino-US relations, amid their increasing divergence in geopolitics, strategic goals and ideologies. Read Here – South China Morning Post
Citing a sharp economic slowdown in India and other emerging markets, the International Monetary Fund (IMF) on Monday lowered growth estimate for the world economy to 2.9 per cent for 2019. Besides, the International Monetary Fund also trimmed India’s growth estimate to 4.8 per cent for 2019, citing stress in the non-banking financial sector and weak rural income growth. Read […]
While the trade war between China and the United States has hogged headlines and driven market anxieties over the past year, an equally large threat to the global economy has gotten little attention: a looming tax war. Since the early twentieth century, countries have largely agreed on how to tax income earned by multinational corporations […]
This second cold war, conducted on a teeming planet whose anxiety is intensified by the passions and rages of social media, is only in its beginning stages. The aim, like in the first Cold War, is negative victory: not defeating the Chinese, but waiting them out, just as we waited the Soviets out. Read Here […]
How Asia is changing and what are the challenges for 2020 … a presidential election year in the United States and how it will change the dynamics between Washington and key Asian capitals after a bruising trade war with China that impacted the global economy. Then there are elections in Taiwan, North Korea.. and other […]
The “phase one” trade deal between the United States and China addresses only some of the US government’s concerns, and its remaining demands will be much harder to resolve. But while both America and China have an interest in the success of the open multilateral global trading system, current US policy is undermining that goal. […]
looking beyond borders 