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World Economy

The Global Economy Remains Unbalanced

Otaviano Canuto | Posted 11.02.2016 | World
Otaviano Canuto

Discussions around large current account imbalances among systemically relevant economies as a threat to the stability of the global economy faded out in the aftermath of the global financial crisis.

Israel Emerges As A Player On The World Stage

Jonathan Adelman | Posted 08.08.2016 | World
Jonathan Adelman

For the tiny and poor 1948 Israel to be able less than 70 years later to play a role among the great powers of the world seems amazing. And, yet, in the twenty-first century, everything is possible.

Brexit Doesn't Mean the End of Globalization

John M. Eger | Posted 07.14.2016 | Business
John M. Eger

Brexit. It's more than England leaving the EU we hear. Among other untoward things it's the end of Globalization. "Globalization" has been around f...

Here’s Why Top Economists Forecast Gloom If Brexit Happens

The Huffington Post | Daniel Marans | Posted 06.22.2016 | Politics

The possibility that British voters will choose to leave the European Union on Thursday is prompting increasingly dire warnings from top policy makers...

This Is the New Era of Monopoly

Joseph E. Stiglitz | Posted 05.16.2016 | World
Joseph E. Stiglitz

For 200 years, there have been two schools of thought about what determines the distribution of income -- and how the economy functions. It is important to understand both, because our views about government policies and existing inequalities are shaped by which of the two schools of thought one believes provides a better description of reality.

Trump As Big A Risk To Global Stability As Terrorism, Report Says

The Huffington Post | Ryan Grenoble | Posted 03.22.2016 | World

The rising threat of jihadi terrorism, a military clash over China's expansionism in the South China Sea, and Donald Trump as president -- one of thes...

The EU, the UK and The Future of the Global Economy

John M. Eger | Posted 03.10.2016 | World
John M. Eger

June 23 Britons will decide whether to stay in the EU or to quit, a referendum that could have momentous consequences for a divided UK and for the rest of Europe, a move that is being watched by every nation in the world as evidence that globalization has stalled.

Why Are Governments Struggling to Prop the World's Economy?

Marcelo Giugale | Posted 03.03.2016 | Business
Marcelo Giugale

"Out of ammo", "helicopter money", "monetary impotence", "infrastructure push", "savings glut". These are the kind of strange handles economists are u...

Closing Developing Countries' Capital Drain

Joseph E. Stiglitz | Posted 02.19.2016 | World
Joseph E. Stiglitz

Developing countries are bracing for a major slowdown this year. According to a UN report, their growth averaged only 3.8 percent in 2015 -- the lowest rate since the global financial crisis in 2009 and matched in this century only by the recessionary year of 2001. And what is important to bear in mind is that the slowdown in China and the deep recessions in the Russian Federation and Brazil only explain part of the broad falloff in growth.

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.

2016's Market Opening and Future Situation

Thaddeus McCarthy | Posted 01.10.2017 | Business
Thaddeus McCarthy

Carnage; that is the only word that can be used to describe the opening to the global stock-markets at the beginning of 2016. The S & P 500 index lost...

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

Robert Hockett | Posted 01.08.2017 | 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.

Why the Great Malaise of the World Economy Continues in 2016

Joseph E. Stiglitz | Posted 01.03.2017 | 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 12.20.2016 | 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.

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

Joseph E. Stiglitz | Posted 12.09.2016 | 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.

Why Eurasia Will Drive the Global Economy in the Future

George Yeo | Posted 11.10.2016 | World
George Yeo

SINGAPORE -- This summer, for the first time, financial turmoil in China created turbulence around the world and even hit New York. This was an historic event and is a portent of things to come. Yes, China fumbled. It could have avoided certain obvious mistakes which many saw coming, but the Chinese will learn from it. What the episode shows is how the relative weights are shifting in the world way beyond just trade.

Surprising Findings in China

Judah Freed | Posted 08.11.2016 | Business
Judah Freed

Steve Hoffman at Founders Space recently returned from a "marathon business trip" to China. He returned with some unexpected findings that defy many of our staid stereotypes in the West. With Steve's permission, I am quoting his findings below.

BRICS Leaders Launch Bank, Vow To Coordinate To Protect Economies

Reuters | Darya Korsunskaya, Denis Pinchuk and Katya Golubkova | Posted 07.09.2016 | World

By Darya Korsunskaya, Denis Pinchuk and Katya Golubkova UFA, Russia, July 9 (Reuters) - The BRICS emerging nations said on Thursday t...

Today's Global Economy? We Are All in it Together!

Dominik Knoll | Posted 06.04.2016 | Business
Dominik Knoll

Today I would like to write about the World Economy, highlighting some of the current strengths and developments on the examples of the US, Europe, China and India.

China's New World Order: Sharing Global Prosperity Through Connectivity of the Silk Route Countries

Nake M. Kamrany | Posted 06.01.2016 | World
Nake M. Kamrany

In sharp contrast to the current hegemonic intrigue by the U.S./NATO in the Middle East/ Afghanistan and the Russian Federation militarism and conquest in Eastern Europe, China is offering to the world an alternative to wars. It is China's New World Order for global peace and prosperity.

How Trade Agreements Amount to a Secret Corporate Takeover

Joseph E. Stiglitz | Posted 05.17.2016 | World
Joseph E. Stiglitz

NEW YORK -- These agreements go well beyond trade, governing investment and intellectual property as well, imposing fundamental changes to countries' legal, judicial, and regulatory frameworks, without input or accountability through democratic institutions.

China's New Silk Road Initiative Will Boost the Global Economy

Philipp Mißfelder | Posted 06.20.2015 | World
Philipp Mißfelder

BERLIN -- The New Silk Road Initiative will not only result in an enormous surge in growth for China. With "One Belt, One Road," President Xi Jinping is launching one of the largest development projects in history and offers new perspectives to countries such as Uzbekistan and Tajikistan threatened by terrorism.

Why Europeans Are Trying to Burn Down Their Central Bank

Mark Dawson | Posted 06.13.2015 | World
Mark Dawson

BERLIN -- Great crises often produce enduring images. For the Israeli-Palestinian conflict, this has often been a terrified child cowering behind protective parents; for 9/11 it was brave firemen rushing headlong into collapsing buildings. Last month saw what could become one of the lasting images of Europe's unending crisis: the sight of burning cars and buildings after riots outside the European Central Bank.

Why the Social Progress Index Is the Best Metric of National Performance

Michael Porter | Posted 06.09.2015 | World
Michael Porter

CAMBRIDGE, Mass. -- I have seen how Rwanda made investing in social progress -- including gender equity, a 61 percent reduction in child mortality in a single decade, and 95 percent primary school enrollment -- integral to its economic development strategy. Rwanda's positive economic performance would not have been possible without improvement in these and other dimensions of social progress.

The 'Rising Billion' New Consumers Will Arrive by 2020

Peter Diamandis | Posted 06.06.2015 | World
Peter Diamandis

On a planet with a 7 billion plus population, more than 4 billion people still don't have access to the Internet. But by 2020, I expect the entire world will be connected.