In The News

Vitor Gaspar, John Ralyea, and Elif Ture April 15, 2019
The International Monetary Fund warns that public debt combined with slowed economic growth could constrain future government spending on education, employment, healthcare, infrastructure and retirement. The IMF advises policymakers to encourage more inclusive growth by reducing debt and investing in the futures of their citizens by reducing tax exemptions and improving tax administration. “The...
Robert Freeman April 8, 2019
The United States prepares for the 2020 presidential election and Republicans as the party in power insist that their opponents, the Democrats, are increasingly socialist and want to upend the capitalist system. Proper economic governance cannot rely on all capitalism or all socialism, and the definitions suggest that successful and prosperous countries rely on a combination of both. “Tools of...
March 21, 2019
The June 2016 vote for the United Kingdom to withdraw from the European Union, with faulty information distributed throughout the campaign, was the nation remains divided over how to leave. EU leaders agreed on a plan for delaying the Article 50 deadline of March 29: UK can have until 22 May if parliament approves a plan already negotiated with the EU. If the parliament rejects that plan the UK...
Susan Lund, James Manyika, Jonathan Woetzel, Jacques Bughin, Mekala Krishnan, Jeongmin Seong, and Mac Muir February 26, 2019
Trade increases in absolute terms though overall percentages are slowing, explains analysis from McKinsey Insights. Services like research, finance, engineering and more are growing at a faster pace than trade in goods,” creating value far beyond what national accounts measure,” the article reports, adding “services already constitute more value in global trade than goods. In addition, all global...
Shin Ji-hye January 30, 2019
South Korea will offer financial incentives and streamline regulations to attract foreign firms that can upgrade the nation’s traditional manufacturing sectors including petrochemicals, high-end manufacturing, automobiles and health care, announced the chief of investment policy at the Ministry of Trade, Industry and Energy. The range of targets is broad: “The ministry will also focus on luring...
Ann Pettifor January 26, 2019
Citizen majorities who support action on climate change or a tax system that reduces inequality must find political courage to battle moneyed interests. Citizens in nations with sound taxation systems hold more power than they realize. Taxpayers can demand that public debt target the public interest – as former US President Franklin D. Roosevelt accomplished during the Great Depression and some...
David Mahon December 31, 2018
As the US-China trade war continues, small nations expected to take sides will suffer economic losses. Countries, struggling to avoid coercion, must assess their relationships and values. Some like New Zealand will turn to other excuses, suggests David Mahon in an opinion essay for Caixin, but the trade war is the impetus. He points out that for New Zealand and more than 40 other nations, China...