In The News

Jason Karaian January 26, 2018
Most global leaders attending the World Economic Forum that meets annually are beneficiaries and strong supporters of globalization. Many also agree that globalization and distribution of benefits could be better managed. The general secretary of the International Trade Union Confederation suggests that globalization has failed working people with low pay and insecurity. The CEO of ICICI Bank in...
Nayan Chanda January 2, 2018
The uncertainty of a topsy-turvy world has many implications for global security and the global economy. Turkey is backing away from the United States and working with Russia on Syria; Saudi Arabia has turned on neighbor Qatar; Australia, wondering about US dependability, works with China; Russia supported a social media campaign that influenced the US presidential election; and in the United...
Eshe Nelson December 15, 2017
Despite ample warnings, including the book “Capital in the Twenty-First Century” by Thomas Piketty, inequality continues to rise in most parts of the world: the top 10 percent in the United States, Sub-Saharan Africa, Brazil, India and the Middle East own about half the wealth. More than 100 researchers from 70 nations monitor the dangers through the World Inequality Lab, based at the Paris...
Claudi Pérez December 6, 2017
The European Union is proposing its own version of a bailout fund modeled after the International Monetary Fund. “With initial firepower of €500 billion, which could be boosted up to a further 20%, the new European Monetary Fund will bail out member states in exchange for reforms, as the European Stability Mechanism (ESM) has done in the past with Greece, Ireland and Portugal,” reports El País....
November 17, 2017
Some factories in China are paying workers to stay home, part of a plan to ease the nation’s serious debt levels – which has grown nearly fivefold over the past decade to $29 trillion today. “The debt, equivalent to 260 per cent of gross domestic product, has brought with it dramatic declines in credit efficiency,” explains the Financial Times. “The International Monetary Fund points out that in...
Mohamed A. El-Erian September 19, 2017
The current global economic order is under strain, and the World Bank and the International Monetary Fund could pursue reforms and take steps to adjust to new economic realities, preventing disintegration and disorder, argues Mohamed A. El-Erian for Project Syndicate. The current order is rooted in “an economic paradigm that aimed to promote win-win interactions among countries, emphasizing trade...
Jonathan Gregson August 5, 2017
After years of stagnation, international trade growth is anticipated at 4 percent this year. “Many factors could explain what appears to be a secular decline in global trade: lower levels of business confidence and investment; demand cycles and their impact on commodity prices; the maturing of global value chains, which have in turn triggered structural changes in the composition of cross-border...