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Global Economy

America Has Never Faced a Power Like China

Bob Hawke | Posted 08.19.2014 | Home
Bob Hawke

China today is a country that is fundamentally more powerful than any that America has ever had to encounter before. It is also a country that has a stronger sense of its place and status than any country in the world except perhaps America itself.

Iraq Crisis Threatens Global Economy

Sheldon Filger | Posted 08.12.2014 | Home
Sheldon Filger

The latest news from Iraq clearly has geopolitical implications. No less important are the economic ramifications. The Iraq war, which began with the...

Why Bond Yields Are at Record Lows

Michael Pento | Posted 08.04.2014 | Business
Michael Pento

If investors can correctly pinpoint the real reason behind these low sovereign debt yields, they will also be able to find a great parking place for their investment capital to weather the upcoming storm.

Oral History Puts a Human Face on Global Economy

Rick Ayers | Posted 08.02.2014 | Home
Rick Ayers

A review of: Invisible Hands: Voices From the Global Economy Compiled and edited by Corinne Goria Voice of Witness, McSweeny's Books, 2014 This new a...

Contagion: The Costs of Global Panic

Lyric Hughes Hale | Posted 07.29.2014 | Home
Lyric Hughes Hale

Physician, do no harm. The same caution should be applied to philanthropists, public officials, and other well-meaning agents of globalization. In the realm of health care, quite ironically avoiding one risk could actually lead to a worse outcome overall.

The Future, With Our Machines and Ourselves

Elizabeth Golluscio | Posted 07.13.2014 | Technology
Elizabeth Golluscio

Which future will we shape for ourselves, with both our great machines, and our great inward journey?

The Latest Buzz: The Decline of Bees is Harming Global Agriculture

Dorit Sasson | Posted 07.09.2014 | Green
Dorit Sasson

Bees might be those uninvited guests that harass your picnic or evening stroll, but as pollinators, the bees have an important job to do. Sadly though, they're not getting around to doing it.

'Inclusive Growth' is Doublespeak. Here Are Three Ways to Really Achieve It

Chandran Nair | Posted 07.08.2014 | Home
Chandran Nair

For anyone who cares to look, it will be obvious that the current Western model of economic growth, which has been adopted the world over, depends in no small part on excluding the majority in order to create wealth for a few. This has been the case since the colonial era. The same exclusion that was once practiced by the East India Company is now practiced on Wall Street and its excesses are accepted as part of the system by far too many governments. Developed world politicians, however, are all too happy to "include" others in the world economy by outsourcing them cheap and dirty jobs or polluting industries.

With the ICANN Controversy Behind Them, Will the U.S.Play a Global Leadership Role?

John M. Eger | Posted 06.28.2014 | Technology
John M. Eger

The U.S. Government's decision to end oversight of the International Corporation for Assigned Names and Numbers (ICANN) represents an opportunity for ...

Without Coordination, U.S. Fed Policy Can Hurt Global Growth

Raghuram Rajan | Posted 06.28.2014 | Home
Raghuram Rajan

As the world struggles to recover from the global economic crisis, the unconventional monetary policies that many advanced countries adopted in its wake seem to have gained widespread acceptance. In those economies, however, where debt overhangs, policy is uncertain, or the need for structural reform constrains domestic demand, there is a legitimate question as to whether these policies' domestic benefits have offset their damaging spillovers to other economies. The disregard for spillovers could put the global economy on a dangerous path of unconventional monetary tit for tat. To ensure stable and sustainable economic growth, world leaders must re-examine the international rules of the monetary game, with advanced and emerging economies alike adopting more mutually beneficial monetary policies.

Understanding the Proliferation of Virtual Teams in the Global Economy

Frankie Rendón | Posted 06.28.2014 | Business
Frankie Rendón

While virtual teams can cut costs, they also provide a significantly more varied team base that contributes to the depth and breadth of an organization. As with all teams, virtual teams can be highly functional, or highly dysfunctional.

Peak Oil and Peak Water vs. Peak Network

Reid Hoffman | Posted 06.21.2014 | Home
Reid Hoffman

Dealing with resource scarcity will compel companies to adopt new technologies, new manufacturing processes, and new management practices -- all of which will drive innovation faster and faster. As the global middle class expands, there will be massive opportunities for entrepreneurs to create more efficient industries and more productive business ecosystems. Technologies and industries will collide in new and unexpected ways, and these entrepreneurial mashups, inspired in part by scarcity, will potentially produce greater utility and prosperity for society at large.

If Only Michelle Obama Knew What I Was Doing When She Was in China...

EF Education First | Posted 06.17.2014 | Education
EF Education First

By Carolyn Cross Michelle Obama recently traveled to China with her daughters and mother to promote cross-cultural exchange, education, and the power...

The Gulf Should Pivot East and Build the 'New Silk Road'

Dr. Nasser H. Saidi | Posted 06.15.2014 | Home
Dr. Nasser H. Saidi

A new multi-polar world has emerged over the past 30 years that has shattered the post-WW II paradigm and structure, and the near hegemony of the US whose economic, financial and military power is waning.

The G20 Nations: Tracking the Globalization of Science and Innovation

Christopher King | Posted 06.14.2014 | Science
Christopher King

With the global landscape shifting and new national and regional powerhouses emerging, countries long established as eminent in science have begun to cede their shares of worldwide research output as well as their dominance in producing the most influential results.

The World is Flat - Again!

Matthias Paul Kuhlmey | Posted 06.11.2014 | Home
Matthias Paul Kuhlmey

Our global economy is still in flux, and much of the world is "hooked" on cheap money. The abrupt change or repricing of those conditions could lead to severe volatility in financial markets.

April Showers Hit Markets: Bring an Umbrella to Trade

Terry Connelly | Posted 06.11.2014 | Business
Terry Connelly

Forces at work from Tokyo to Kiev have been roiling the U.S. stock market for a couple of week. But the financial sushi that is now on the menu in Japan, and Russia's "Crimea of the Century" are only part of the story.

Why Third World Economies Are Catching Up To Us

Gil Laroya | Posted 06.08.2014 | Business
Gil Laroya

So I'm at lunch with my friends Jeff and Sharyn. They are experienced business development folks who work with a large corporation. As we discuss busi...

Good Afternoon, Vietnam: A Revolutionary Small Business Impetus and I Learned About It on Skype (Part 2)

Steve Mariotti | Posted 05.31.2014 | Business
Steve Mariotti

As exciting as the social enterprises presented were, the most interesting and perspective-changing lesson for me was the Vietnamese flat tax.

Good Afternoon, Vietnam: A Revolutionary Small Business Impetus and I Learned About It on Skype (Part 1)

Steve Mariotti | Posted 05.28.2014 | Business
Steve Mariotti

In growing economies like Vietnam's, we are seeing innovations in business--through both national and foreign investments. But the government, almost 40 years after the US left, is also empowering social enterprises with its reforms.

Good Governance Matters in Whether Societies Go Backward or Forward

Kemal Dervis | Posted 05.17.2014 | Home
Kemal Dervis

It is the nature of governance that determines whether people deploy their talents and energy in pursuit of innovation, production and job creation, or in rent-seeking and lobbying for political protection. The contrast is starkest in emerging countries, but differences also exist among the advanced economies.

CSR 2.0: Prescription for a Better Future

John Friedman | Posted 05.13.2014 | Business
John Friedman

In my last blog I explored the shortcomings of the current model of Capitalism with CSR thought-leader Dr. Wayne Visser. Today I look at how CSR can e...

Secular Stagnation: A Working Pair of Scissors Needs Two Blades

Otaviano Canuto | Posted 05.12.2014 | Politics
Otaviano Canuto

There is a core divergence among some "Keynesian" and "Schumpeterian" economists who have proposed stagnation hypotheses; each camp points to different underlying factors for continued anemic levels of growth.

Creative Age Cities

John M. Eger | Posted 05.09.2014 | Arts
John M. Eger

What makes people creative and innovative is still being debated. Clearly our schools and the educational curriculum must change. But what too, about the communities where young people spend more than half their lives and where their families, friends and fellow citizens live and work. Communities, indeed whole cities, need to reinvent themselves.

Reimagining Cities

John M. Eger | Posted 04.21.2014 | Home
John M. Eger

According to the New Cities Foundation, a new independent non-profit with offices in Geneva and Paris: " Over the next decade, some $ 250 billion wil...