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All items tagged global economyOpen Think Tank ArticlesGlobal Must Read ArticlesAugust 8, 2008 | Privatization Would Enrich China's CitizensWith regard to the global slowdown, it would be wise if China privatized state-owned assets in order to transform China’s growth model from being export-driven to being stimulated by domestic consumption. ++ Even if the country’s assets in government hands supported the emergence of an industrialized economy in the past, it is time for the government to share the wealth through economic growth ... MoreJuly 23, 2008 | With 50-50 Chances for Success, Doha Needs a MiracleThis week the WTO gathers trade ministers to try and salvage the Doha round. ++ Decisions are tough and stakes are high: whereas success would boost the global economy and be “a historic achievement for multilateral diplomacy,” stalemate would be a dangerous setback. ++ If failure is attributed to the WTO’s lack of leadership and overambitious membership and agenda, the institution’s future ... MoreJune 9, 2008 | Tourism and Climate Change: The Guilty GainInternational tourism is undergoing very rapid changes. New travelling habits, an increased awareness of price, short notice and short term holidays - and the wish for more flexibility and individuality as well as rising energy prices are constantly creating new challenges for the tourism industry. Unpredictable incidents have added to this: terrorist attacks (New York, Bali, Djerbra, Morocco, ... MoreJune 2, 2008 | US Deficit and Sinking Dollar: The Agenda of a New G5The US dollar was for a long time the leading global currency against which all other foreign currencies were measured. The downside of this is that as a result, the USA has accumulated a huge trade deficit. In 2006, foreign goods and services purchased by Americans were worth 600 billion USD more than the goods and services they sold abroad. Every day, the US needs to draw on seven billion ... MoreApril 28, 2008 | Americans Are Growing Skeptical of GlobalizationInternationalist economic policy is no longer perceived to be in the interest of the working population in the US. ++ A new internationalism that mitigates adverse effects – inequality and insecurity – is required to maintain America’s commitment to an integrated global economy. ++ US should acknowledge the long term advantages of globalization as an indubitable producer of ... MoreApril 24, 2008 | Will the Chinese Change International Institutions?The appointment of a Chinese Professor, Lin Yifu, to the post of chief economist at the World Bank reflects the changes in the global balance of powers. ++ In the past, the World Bank, like the IMF, was traditionally dominated by American, Europeans, and their neoliberal agenda. ++ However as American financial pillars are now underpinned by Chinese money, it has become impossible to ignore ... MoreApril 15, 2008 | No Decline of the West but a Rise of the RestThe threats to US supremacy tend to be overstated. ++ China and Russia won’t achieve global domination while the post war arrangement goes on. ++ Yet to contain the progress of autocracy, protect and promote liberalism, and maintain its global power, the US should lead a democratic front within the framework of international institutions and cease discrediting its model with inappropriate ... MoreApril 14, 2008 | Purchasing in China is Becoming More ExpensiveThanks to its massive March 12, 2008 | US Recession Hurts EveryoneIt is wrong to think that China has supplanted America in driving the global economy - the US still contributes 5 times more to the world’s GDP than China. ++ Banks around the world are learning that the US has lived beyond its means and debt may not be repaid. ++ Though a US tax cut may help, it won’t be enough to prevent recession. ++ The extent of the damage may not be known until 2009. ... MoreApril 26, 2007 | Hands Off Hedge FundsThe current conventional wisdom on hedge funds—which have rapidly emerged as a major force in the world economy—is that they are dangerous and should be subject to much broader regulation. Sebastian Mallaby, economist for the American Council on Foreign Relations, offers a different view. Mallaby challenges the image of hedge funds as a threat to market stability and argues that they mitigate ... MoreApril 19, 2007 | Aon Corporation Measures Effects of Political Instability on the Global MarketThe Aon Corporation’s Political and Economic Risk Map provides a concise visual guide to risk management for international business ventures in 214 countries. Political volatility in individual states is measured by looking at specific threats to business practice, including potential political interference, terrorism, and supply chain vulnerability. Countries are color-coded according to the ... MoreApril 12, 2007 | Mirela Isic Argues For Transatlantic Free TradeA Transatlantic Free Trade Area (TAFTA) could provide new momentum for the transatlantic relationship, reports Mirela Isic of the Center for Applied Policy Research in Munich. An alliance that handles one third of world trade and produces more than 40% of world GDP would be a good safeguard against variations in the world economy such as those caused by integrating India and China into the world ... MoreApril 2, 2007 | Daniel W. Drezner on "The New New World Order"Tufts University professor Daniel Drezner highlights the Bush administration’s recognition of the shifting geopolitical order. The author of All Politics is Global credits the US for its multilateral approach on incorporating China, India and other rising powers into a reconfigured foreign policy strategy. But there are clear obstacles to US leadership in twenty-first century international ... More |
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