Tag Archives: global economy

A new world is emerging, in which it will be much harder to separate economics from geopolitics. It’s not the world according to Myrdal, Frank, and Perroux, and it’s not Tom Friedman’s flat world, either. It’s the world according to Game of Thrones. Naked CapitalismFarewell, Flat World  Jean Pisani-Ferry | Tommaso Padoa Schioppa chair of the European University Institute in Florence and is Senior Fellow at Bruegel.  Cross-posted from Bruegel

More geopolitics and geostrategy, and how it impacts finance and economics. The danger here is that POTUS and US hardliners see this as a zero-sum game. This greatly increases the chance that it will lead to kinetic warfare on a grander scale. The US is already deep into deploying economic, information, and cyberwarfare against a number of countries, and positioning for kinetic warfare. The situation now is increasingly hair-trigger.Zero HedgeRabobank: Trump-Xi Meeting Is Not About...

World trade is in deceleration mode. Real-World Economics Review BlogDisruption in the World of TradeC. P. Chandrasekhar and Jayati GhoshThis article was originally published in the Business Line on June 3, 2019

More and more companies either choose not to invest in other countries or are prevented from doing so. Global foreign direct investment flows plunged by another 27% in 2018 — after having already plunged 16% in 2017 — to just $1.1 trillion, the equivalent of 1.3% of global GDP, the lowest ratio since 1999, according tonew data released by the OECD. It was the third consecutive annual plunge in global FDI flows, as more and more companies either choose not to invest in businesses or assets...

Slowly but surely, the EU is shifting its priorities to the East Asia TimesThe EU bows to ‘systemic rival’ ChinaPepe Escobar

De-globalization and the collapse of the Post WWII world order. Sailing into uncharted territory. Strategic Culture FoundationThe Dire, Unintended Consequences of Trump’s MAGA War on China Alastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union diplomacy See also Consortium NewsPATRICK LAWRENCE: Pompeo, Pence & the Alienation of Europe

Although the G20 still retains its potential to support the global economic stability, there is an impression that its mission is coming to an end. If this trend is not reversed, then, a summit or two from now, we might see the return of trade wars and competitive devaluations of national currencies. In that case, the current G20 format, built around the US leadership and hegemonic in nature, will not work at all. The nature of the G20 is that of an international forum, not an international...

The global economy is growing, but so is uncertainty. This column presents a new quarterly index of uncertainty for 143 countries. The World Uncertainty Index reveals how uncertainty in the world has evolved over time, whether it is synchronised across countries, and how it compares across income groups and political regimes. VoxeuGlobal uncertainty is rising, and that is a bad omen for growth Hites Ahir, Senior Research Officer, IMF; Nicholas Bloom, Professor of Economics at Stanford...

Mixed bag. The glass is half–full or half–empty, which matters based on which half one is in. With domestic inequalities and “populism” taking center stage, the changes in global income inequality have understandably moved out of the focus. My access to the data—many of them still best obtained from the World Bank especially for poorer countries not covered by LIS—has also diminished since I left the World Bank. But one can still put together a quick update (thanks also to the contribution...

Executive summary The high point of global governance was reached in the mid-1990s around the creationof the World Trade Organisation. It was hoped that globalisation would be buttressed by a system of global rules and a network of specialised global institutions. Two decades later these hopes have been dashed by a series of global governance setbacks, the rise of economic nationalism and the dramatic change of attitude of the United States administration. From trade to the environment, a...