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Global Economy

Wall Street's Answer to Cancer

April Rudin | Posted 02.11.2016 | Business
April Rudin

It sounds almost too good to be true: making money by curing cancer? How can something so unequivocally good for humanity also yield a financial return?

Don't Worry, China Will Keep Growing

Justin Yifu Lin | Posted 02.01.2016 | World
Justin Yifu Lin

BEIJING -- The coming crash of the Chinese economy has reemerged as a popular view in the global media. The reason for such a prediction this time is the persistent deceleration of China's growth after 2010. The growth rate dropped from 10.6 percent in 2010 to 7.3 percent in 2014 and further down to 6.9 percent in 2015, which is the lowest record in 25 years. It is the first time that China has experienced such an extended period of deceleration after the transition to a market economy in 1979.

Why North America Needs to Pivot to North America

Michael Kergin | Posted 02.01.2016 | World
Michael Kergin

We are much more important to each other than we realize: pivoting to North America can be the way to ensure that in a turbulent 21st century, our three countries are partners in success rather than accomplices in failure.

What's Behind China's Bumpy 'New Normal'

Joseph E. Stiglitz | Posted 01.28.2016 | World
Joseph E. Stiglitz

SHANGHAI -- "Markets with Chinese characteristics" are as volatile and hard to control as markets with American characteristics. Markets invariably take on a life of their own; they cannot be easily ordered around. To the extent that markets can be controlled, it is through setting the rules of the game in a transparent way. The policy approach China adopts will strongly influence economic performance and prospects worldwide.

A Push for TTIP

Mikael Damberg | Posted 01.28.2016 | Business
Mikael Damberg

Sweden has a long tradition of promoting free and open trade. Our prosperity as a nation has extensively been built upon our trade with the rest of the world.

Moving Forward: Investing in Our Ports Is About Investing in Our Middle Class

Edward Wytkind | Posted 01.28.2016 | Politics
Edward Wytkind

The modern, global economy lives by one rule: faster is better. As technology breakthroughs and innovations take hold, the world's markets demand efficiency, fluidity and speed. Nations that fail to keep up watch as other countries reap the benefits.

The Leader as Global Citizen

Dr. Artika R. Tyner | Posted 01.27.2016 | Black Voices
Dr. Artika R. Tyner

The Honorable LaJune Lange exemplifies the qualities of a global citizen and leader in her daily life. Judge Lange is on a mission to make justice a lived reality across the globe.

Has the Global Trade-Development Link Peaked?

Otaviano Canuto | Posted 01.26.2016 | World
Otaviano Canuto

Developing countries and emerging market economies have benefited from opportunities to transfer technology from abroad and to undergo domestic structural transformation via trade integration.

The Greatest Reason That You Should Be Trading CFDs

Thaddeus McCarthy | Posted 01.25.2016 | Business
Thaddeus McCarthy

Who is this man you might ask? And furthermore, why am I writing about this man? The answer to the later question is that this man is an example ...

Stock Prices Plunge In Unprecedented Two-Week Slide

AP | Annum Masroor | Posted 01.15.2016 | Business

NEW YORK (AP) — Yes, this is scary. Stock prices plunged again Friday and are down more than 8 percent in just two weeks, an unprecedented slid...

Is 2016 the Canary in the Coal Mine of Global Risks?

Margareta Drzeniek Hanouz | Posted 01.15.2016 | World
Margareta Drzeniek Hanouz

In this more risky, but also more uncertain world, leaders need to take action in an environment of "shifting sands" as each of these risks could have significant impact on any individual, business or country independently, but combination of risks could create cascading effects that are difficult to anticipate and to navigate.

Small Businesses Need Export Opportunities

Hector Barreto | Posted 01.15.2016 | Business
Hector Barreto

America is home to nearly 30 million small businesses, which make up the backbone of our diverse, multi-layered economy. Much attention has been focus...

Youth Entrepreneurship - Top 10 Reasons Why the U.S. Department of Education Should Consider this

Craig Zamary | Posted 01.12.2016 | Education
Craig Zamary

In addition to the the previous article I published on Why Entrepreneurship Should be Taught in 1st Grade

China Is Headed for a Debt Meltdown Like the U.S. in 2008 -- But Worse

Robert Hockett | Posted 01.08.2016 | World
Robert Hockett

What is now happening is that people are selling off Chinese assets and investing instead in (primarily) American assets -- including stocks but especially real estate. As momentum in these flows builds up, China faces the prospect of full-on meltdowns in its stock and real estate markets, just as occurred here in the U.S. in the late 1920s and post-2008 -- only worse.

Future Economists Will Probably Call This Decade the 'Longest Depression'

Brad DeLong | Posted 01.08.2016 | World
Brad DeLong

Future economic historians may not call the period that began in 2007 "The Greatest Depression." But as of now it is highly and increasingly probable that they will call it "The Longest Depression." So what can be done?

China Stock Markets Open 2016 With Massive Implosion

Sheldon Filger | Posted 01.07.2016 | Business
Sheldon Filger

For the second time in three days, China's major bourses have had to stop trading in the early part of the trading session due to drastic sell-offs.

Why the Great Malaise of the World Economy Continues in 2016

Joseph E. Stiglitz | Posted 01.04.2016 | World
Joseph E. Stiglitz

The only cure for the world's malaise is an increase in aggregate demand. Far-reaching redistribution of income would help, as would deep reform of our financial system -- not just to prevent it from imposing harm on the rest of us, but also to get banks and other financial institutions to do what they are supposed to do: match long-term savings to long-term investment needs.

China Must Change G-20 from a 'Fire Brigade' to an Engine of Inclusive Global Growth

He Yafei | Posted 12.22.2015 | World
He Yafei

BEIJING -- The last round of scientific, technological and industrial revolution has lost its momentum. China is expected to illustrate to the world that global economic growth needs to be based in innovation to identify new engines and driving forces such as new technology, "Internet plus," new products and new sources of energy.

Whither Emerging Markets Foreign Exchange Reserves

Otaviano Canuto | Posted 12.15.2015 | World
Otaviano Canuto

7640413 After a exponential rise in foreign exchange reserves accumulation by emerging markets from 2000 onwards, the tide seems to have turned south since mid-2014.

A Dangerous Game of Military Politics in Indonesia

Stanley Weiss | Posted 12.14.2015 | World
Stanley Weiss

"There is no nice way to say this," he told Jokowi. "You are not presidential material, and your political influence is very low.

The Ugly State of Russia's Economy

Sergei Aleksashenko | Posted 12.14.2015 | World
Sergei Aleksashenko

MOSCOW - The situation in Russia is not just bad, but downright ugly. The main reason for the poor state of the Russian economy is the lack of an effective system for protecting property rights. The gradual dismantling of state institutions led first to a decline in investments, then to a sharp drop beginning in 2013, and finally to massive capital flight, with economic growth slowing to a halt by mid-2014.

Why the U.S. Could Soon Be the World's First Former Middle Class Society

Joseph E. Stiglitz | Posted 12.09.2015 | World
Joseph E. Stiglitz

America is becoming a more divided society -- divided not only between whites and African Americans, but also between the 1 percent and the rest, and between the highly educated and the less educated, regardless of race.

A Good Harvest Starts with Good Soil: This Week in Daily Giving

Ari Nessel | Posted 12.03.2015 | Impact
Ari Nessel

Our East Africa Grantmaking Hub at The Pollination Project has been busy planting seeds of change in Uganda and Kenya. Here's some of the "soil building" projects our East Africa team funded in the past few weeks.

Growing the Global Economy Without Destroying the Planet

Steven Cohen | Posted 11.30.2015 | Green
Steven Cohen

Despite the growth of global communications, culture and corporations, national sovereignty and indeed the drive for community-based governance, remain as strong as ever. How can we create an international regulatory regime in the face of these strong national and local forces?

Why the TPP Is Too Flawed for a 'Yes' Vote in Congress

Jeffrey Sachs | Posted 11.11.2015 | World
Jeffrey Sachs

The Obama administration surely negotiated the TPP in good faith, and the accord would likely add to global and U.S. economic growth. This is not a pernicious accord, the fruits of a secret cabal as some have feared. Nor is globalization an evil to be fought tooth and nail. The sad truth, however, is that while the administration promised a 21st-century agreement, we have yet another late 20th-century agreement.