Britain will give formal notice March 29 on exiting the European Union. “Britain has suddenly become a place of uncertainty for investors – from Asia and the rest of the world,” explains Humphrey Hawksley for Nikkei Asian Review. “Already, thousands of Asian companies that are integral to the...
Joseph Stiglitz, a leading global economist, argues that the US dollar has a limited future as the world’s dominant currency. But such a change to a system that has long relied on the US dollar as the global reserve currency is not to be feared: it will benefit both the US and the world. The...
Click here for the article in The National Interest.
Rules around citizenship help define a country’s values and aspirations. Large numbers of Indians are turning out to protest a new citizenship law that welcomes refugees from neighboring states but pointedly excludes Muslims. Authorities have detained hundreds of demonstrators and banned...
Globalization appears to have weathered the storm of the financial crisis, but it may be poised for a tumble. According to economist David Dapice, many developing nations, whose economies often depend heavily on exports, cannot sustain themselves without the willing consumption of their goods by...
Desperate times, desperate measures: Rising unemployment could lead to rising protectionism with globalization in peril
CAMBRIDGE: Thus far in the global financial crisis it would appear that globalization has suffered few dents. While there have...
The Chinese yuan is falling in value “because of expectations that the People’s Bank of China (PBOC) was shifting to a policy allowing the Chinese currency to depreciate amid an escalation of China-US trade tensions,” report Karen Yeung and Enoch Yiu for the South China Morning Post. “Against a...
South China Morning Post: The yuan dropped for a ninth day on Tuesday, extending its longest losing streak in four years, because of expectations that the People’s Bank of China (PBOC) was shifting to a policy allowing the Chinese currency to...
Despite millions of new internet users from all around the globe, US companies like Google continue to dominate the medium. These businesses invest heavily in research and design, and as a result continue to expand their reach of the internet. One ambitious new project that is raising eyebrows is...
Click here for the original article on Der Spiegel's website.