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World Economy

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

Philipp Mißfelder | Posted 04.20.2015 | 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 04.13.2015 | 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 04.09.2015 | 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 04.06.2015 | 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.

The Coming Emerging Market Debt Squeeze

Andrés Velasco | Posted 04.02.2015 | World
Andrés Velasco

SANTIAGO -- The bulk of that debt is in Asia, with China alone accounting for approximately $1 trillion. Other big dollar borrowers include Brazil (over $300 billion) and India ($125 billion). Countries such as Malaysia, South Africa, and Turkey, plus Latin America's more financially open economies, also have rising foreign currency debts.

The Bright Future of Asia's Middle Class

Lee Jong-Wha | Posted 03.24.2015 | World
Lee Jong-Wha

SEOUL -- Equipped with high-quality education, Asia's rising middle class will demand higher-quality public services. Increased confidence in their country's political systems and institutional structures, enhanced by improved perceptions of upward mobility, will help to strengthen the rule of law. And there will be more opportunities for women to learn and work, leading to greater gender equality.

Why Stupid Politics Is the Cause of Our Economic Problems

Joseph E. Stiglitz | Posted 03.28.2015 | World
Joseph E. Stiglitz

The near-global stagnation witnessed in 2014 is man-made. It is the result of politics and policies in several major economies -- politics and policies that choked off demand. In the absence of demand, investment and jobs will fail to materialize. It is that simple.

Why 2015 Is a Make-or-Break Year for the Global Economy

Christine Lagarde | Posted 03.22.2015 | World
Christine Lagarde

The adoption of the IMF reforms by the United States Congress would send a long overdue signal to rapidly growing emerging economies that the world counts on their voices, and their resources, to find global solutions to global problems.

As Davos Convenes, World Economy Is Poised to Stagnate

Raghuram Rajan | Posted 03.22.2015 | World
Raghuram Rajan

In emerging markets, slow growth in the advanced economies has shut down a traditional development path: export-led growth. As a result, emerging markets have had to rely once again on domestic demand. This is always a difficult task, given the temptation to over-stimulate.

Global Economy Faces Strong and Complex Crosscurrents

Olivier Blanchard | Posted 03.22.2015 | Business
Olivier Blanchard

On the one hand, major economies are benefiting from the decline in the price of oil. On the other, in many parts of the world, lower long-run prospects adversely affect demand, resulting in a strong undertow.

This Challenge Will Determine the Fate of the World's Market Economies

Dani Rodrik | Posted 03.18.2015 | World
Dani Rodrik

Today's technological revolutions calls for a comprehensive reinvention. The potential benefits of discoveries and new applications in robotics, biotechnology, digital technologies and other areas are all around us and easy to see. Indeed, many believe that the world economy may be on the cusp of another explosion in new technologies.

U.S. Should Agree to Democratize the IMF -- Or Get Out of the Way

Wu Zhenglong | Posted 03.14.2015 | World
Wu Zhenglong

In essence, the reforms have been crafted to democratize the IMF governance. Now, those sitting at the head of the IMF's table are either American allies, or its Western partners, whereas the developing countries are underrepresented as a whole. They do not have a say in the IMF decision-making process, or in protection of their fundamental interests.

The Impact Of Russia's Currency Crisis

HuffPost Live | Rahel Gebreyes | Posted 12.19.2014 | World

As the value of the ruble continues to fluctuate, having lost about 50 percent of its value in the past year, Russians are stocking up imported goods ...

The Global Economy Is Flying on One Engine -- But There Is Turbulence Ahead

Nouriel Roubini | Posted 01.03.2015 | World
Nouriel Roubini

If the Republican Party takes full control of the U.S. Congress in the midterm election, policy gridlock is likely to worsen, risking a rerun of the damaging fiscal battles that led last year to a government shutdown and almost to a technical debt default. More broadly, the gridlock will prevent the passage of important structural reforms that the U.S. needs to boost growth.

Brazil's Economic Future

Uri Dadush | Posted 11.26.2014 | World
Uri Dadush

Cynics, critical of Brazil's unfulfilled promise, like to say that Brazil is the country of the future and always will be. However, a look at Brazil's long-term record cautions against excessive pessimism.

Will Rain Stop Play? G20 Team on the World's Economic Playing Field Face Nail-Biting End to Season

Sharan Burrow | Posted 11.10.2014 | Politics
Sharan Burrow

Australia is known to many people for its sunshine and sporting prowess. But every so often rain stops play. As G20 labor ministers gathered at the iconic Melbourne Cricket Ground, a wall of torrential thunderstorms and flash flooding hit the city. And rain nearly stopped play.

India-Japan Ties: Investing in the future

Samarth Pathak | Posted 11.02.2014 | Politics
Samarth Pathak

The time is ripe to infuse energy into this historic relationship. Not only are both governments stable with visionary leadership but there is also a strong will among businesses and policymakers on both sides to build a mutually-beneficial partnership.

Economic Forces Are Mightier Than the Sword

Jack Nadel | Posted 10.29.2014 | Small Business
Jack Nadel

We should do more to help potential entrepreneurs in places where domestic economies are too weak to assist. If we give this effort a higher priority in our country's foreign policy, we can create a healthier balance of world commerce.

Future of WTO Negotiations Hangs in the Balance at G20 Trade Ministers' Meeting

Deborah James | Posted 09.18.2014 | Politics
Deborah James

On July 19, Trade Ministers from the G20 group of countries will convene for their annual meeting in Sydney, Australia. The meetings can be used to build consensus toward positions that can be brought back to forums where decisions can be enforced, such as the WTO. And this is exactly what the US plans to do.

Understanding Bitcoin

David Bergstein | Posted 08.05.2014 | Business
David Bergstein

Through recent conversations with various friends and colleagues, it has become apparent that Bitcoin is somewhat of a mystery to the majority of the population. The common query, even among seasoned investors, is inevitably, "What is Bitcoin?"

G7, G8, G20, IMF, World Bank and Other Exclusive Groups

Ilias Sourdis | Posted 06.16.2014 | Politics
Ilias Sourdis

Given the fact that all these problems are man-made and can be fixed by humans, it is time to ask these exclusive groups: How do they define success and accountability?

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...

Bill Gate's Vision of World Prosperity: Global Income Convergence

Nake M. Kamrany | Posted 05.12.2014 | Politics
Nake M. Kamrany

In a recent statement Microsoft innovator and entrepreneur Bill Gates declared an optimistic world economy forecasting convergence of low and middle i...

The Paradox of Africa's Growth

Obadias Ndaba | Posted 04.16.2014 | World
Obadias Ndaba

Why is Africa's job growth so weak while its economic growth outlook is just fine, even robust? The reasons are structural in nature and three-fold.

China and Emerging Markets: Riding Wild Horses

Otaviano Canuto | Posted 04.05.2014 | Politics
Otaviano Canuto

The world has kept close watch on the ongoing downward adjustment of China's shadow banking system -- credit intermediation involving entities and activities outside the regular banking system -- with the near-default of a large trust product during the last few weeks being part of the worrisome news coming from the country.