Tag Archives: global economy

While the West is divided, with the US and the EU arguing with each other and suffering from internal crises, China and India are becoming world powers. What does it mean globally and locally? Should we expect any Asian country or Asia as a whole to become a new powerhouse? How to preserve security in the region and what Russia’s role in that could be? The world’s balance of power is slowly, but steadily moving towards Asia. While some countries like South Korea and Japan still depend on...

With respect to to this post, readers might be interested in a long set of follow-up debates below. h/t Patrick Bond, whose contribution was just published here at Human Geography. David Harvey Denies Imperialism In a major critique of David Harvey’s work, the radical political economist John Smith takes on Harvey’s claim that the “East” is now exploiting the “West,” a statement, he argues, that is backed up by nothing more than his authority. Harvey could not be more wrong, or about a...

Every year on August 12, the United Nations celebrates International Youth Day.It’s a chance to recognize the potential of young people to change the world for the better, and to highlight the challenges and problems they face. World Economic Forum What you need to know about the world's young people, in 7 charts Alex GraySee alsoRetirement, social security and poverty in the US Laurent Belsie

Summing up JPMogan's findings, the bank concludes that "in terms of foreign bank exposures it appears that Spanish, French and Italian banks, as well as US and UK banks through contingent exposures, are most exposed to Turkey." The web of debt unravelling?Zero Hedge"Self-Fulfilling Contagion": This Is The Worst Case Scenario For Turkey Tyler Durden

 Emerging and Developing Economies for the First Time Account for a Larger Share of World GDP or Global Output Than Developed Economies; A Point Surpassed After the 2008 Financial Crisis That Has Continued Apace (See Figure 1).... How has this been achieved? Possessing good institutions is what economists have come to focus on and the spread of such institutions seems to have been key, as the father of New Institutional Economics predicted. The seminal work in this area was by Douglass...

Maybe the trade war with China isn't actually about MAGA at all, but just economic warfare against a rising competitor. If trade surplus are so "unfair," why is the focus not on Germany given the figures, enquiring minds want to know. Or, do Donald Trump and his economic team not realize this?Conversable EconomistSome Facts on Global Current Account BalancesTimothy Taylor | Managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, Minnesota

The global economy could be on the cusp of a productivity boom—and big opportunities for companies. Tidbit: However, capturing the productivity potential of advanced economies may require a focus on promoting both demand and digital diffusion in addition to more traditional supply-side approaches. McKinsey Five Fifty — A quick briefing in five—or a fifty-minute deeper dive The Coming Boom?

I had an impromptu debate with Warren Mosler, the founder and still one of the leading figures of "Modern Monetary Theory" recently. We disagreed on the role of trade deficits, and this has led another MMT luminary, Bill Mitchell, to write two commentaries critiquing my position (see "Trade and external finance mysteries – Part 1" and "Trade and finance mysteries – Part 2". This is my partial reply to Mitchell—there are more issues that I want to take up when I have time to do so.......

The emerging world is catching up fast.World Economic ForumThe world's biggest economies in 2018 Rob Smith

The escalating rounds of tariffs between the United States and China is an interesting point of economic debate. However, from the perspective of the interest rate markets, it appears to be one of those subjects that generates a great deal of economist commentary, but with limited market impact. This view is arguably complacent; whether it is too complacent is left for the reader to judge.... Bond Economics Trade War ComplacencyBrian Romanchuk