Amid much discussion of the challenges facing the Chinese economy, the line-up of usual suspects typically excludes the most worrying scenario of all
detailsThe convening power of the IMF and the World Bank is unquestionably strong, if not unique. Every year, their annual meetings attract top economic and financial officials from more than 180 countries
detailsHigher nominal wages for low-paid workers can boost real earnings, increase consumer spending, and help make housing more affordable.
detailsThe rapid pace and sheer scale of innovation in digital currencies and mobile payments indicates that a monetary revolution is forthcoming. The choice for governments
detailsFor 40 years, elites in rich and poor countries alike promised that neoliberal policies would lead to faster economic growth, and that the benefits would trickle down so that everyone
detailsAt least 19 dead and untold wounded. A half-dozen subway stations attacked with firebombs. Hundreds of supermarkets vandalized and looted.
detailsTo many in China, this years Nobel Memorial Prize in Economic Sciences seems to have shone a spotlight on one area of development economics at the expense of another. While randomized controlled trials might be useful for creating or improving welfare pro
detailsUnited States foreign policy under President Donald Trump continues to run counter to Americas traditional post-war objectives. Should the US carelessly relinquish leadership of the global multilateral order...
detailsTo explain Argentinas chronic instability and episodic illiquidity, one must look beyond idiosyncratic leaders, temporary external shocks, and specific policy mistakes.
detailsBy broadening the nexus between economic interest and national security, Trump is encouraging the decoupling of the worlds two largest economies and the emergence of a bipolar world order led by rival hegemons.
detailsDespite the likelihood of a harder-than-expected Brexit, and the certain loss of the so-called passport, which would allow financial services to be sold freely across the EU...
detailsGiven the growing risk of economic stagnation, governments may soon need to provide further stimulus – ideally in tandem with broader structural reforms...
detailsWhere the problem for economies and financial services is lack of competition, residents of developing countries need to look to their own regulators and politicians...
detailsBaghdad has forged a 20-year deal to supply Beijing with oil in exchange for Chinese investments in projects to repair Iraqs war-damaged infrastructure.
detailsAt last months G7 summit in Biarritz, leaders again paid lip service to reforming the World Trade Organization. But, given the US led effort to weaken the WTO
detailsBetween US President Donald Trumps zero-sum disputes with China and Iran, UK Prime Minister Boris Johnsons brinkmanship with Parliament and the European Union
detailsWith interest rates at record lows and global growth set to continue decelerating, there has rarely been a better time for governments to invest in infrastructure and other sources of...
detailsMany economists already favor a consumption-based tax system for raising revenue on grounds of efficiency and simplicity.
detailsA regular survey of experts on matters relating to Middle Eastern and North African politics and security.
detailsLike the twentieth-century Cold War between the United States and the Soviet Union, the new rivalry between China and the West is a contest between fundamentally incompatible political systems.
detailsIn an environment of secular stagnation in the developed economies, central bankers ingenuity in loosening monetary policy is exactly what is not needed. What is needed are admissions of impotence, in order to spur efforts by governments to promote demand
detailsWe will have to wait and see whether the US Business Roundtables recent statement renouncing corporate governance based on shareholder primacy is merely a publicity stunt.
detailsUnlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks
detailsAn improved security situation and the recovery in oil prices have improved near-term vulnerabilities
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