Project Syndicate
The history of publicly-owned lending institutions shows that they can play a valuable role in addressing needs left unmet by the market. The key to success lies in governance and avoiding mission drift
12th Oct 19, 9:42am
3
The history of publicly-owned lending institutions shows that they can play a valuable role in addressing needs left unmet by the market. The key to success lies in governance and avoiding mission drift
Kevin Rudd is clear about what is required for the US and China to make a trade deal, but unless it is done this year he fears a trade collapse
8th Oct 19, 9:47am
40
Kevin Rudd is clear about what is required for the US and China to make a trade deal, but unless it is done this year he fears a trade collapse
Yuen Yuen Ang explains how cronyism and economic success go hand in hand under the Communist Party of China's rule
5th Oct 19, 10:16am
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Yuen Yuen Ang explains how cronyism and economic success go hand in hand under the Communist Party of China's rule
Mariana Mazzucato calls reform of the platform-dominated market for personal data the main economic challenge of our time
5th Oct 19, 10:02am
6
Mariana Mazzucato calls reform of the platform-dominated market for personal data the main economic challenge of our time
McKinsey researchers find that the global economic centre of gravity is shifting to Asia faster than you may think
5th Oct 19, 9:45am
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McKinsey researchers find that the global economic centre of gravity is shifting to Asia faster than you may think
Larry Summers says that monetary policymakers should finally admit their impotence in the face of secular stagnation
3rd Oct 19, 7:46am
14
Larry Summers says that monetary policymakers should finally admit their impotence in the face of secular stagnation
Much of the West, as well as Asia, continues to assume the worst about China - a habit of mind that could have catastrophic consequences. As Albert Camus once wrote, “Mistaken ideas always end in bloodshed, but in every case it is someone else’s blood."
1st Oct 19, 9:51am
59
Much of the West, as well as Asia, continues to assume the worst about China - a habit of mind that could have catastrophic consequences. As Albert Camus once wrote, “Mistaken ideas always end in bloodshed, but in every case it is someone else’s blood."
G7 leaders again paid lip service to reforming the WTO. But, with US-led effort to weaken it, it's more likely we'll get a new international order where trade deals replace trade rules
27th Sep 19, 10:03am
6
G7 leaders again paid lip service to reforming the WTO. But, with US-led effort to weaken it, it's more likely we'll get a new international order where trade deals replace trade rules
In addition to reaffirming their commitment to reducing greenhouse-gas emissions, world leaders should focus on the role of private finance, without which there will be no green transition
26th Sep 19, 5:00am
4
In addition to reaffirming their commitment to reducing greenhouse-gas emissions, world leaders should focus on the role of private finance, without which there will be no green transition
Stephen Roach praises China's successful efforts to reduce the carbon intensity of its economic growth - despite its per capita output being barely more than one-third the level in the so-called advanced economies
25th Sep 19, 6:30am
23
Stephen Roach praises China's successful efforts to reduce the carbon intensity of its economic growth - despite its per capita output being barely more than one-third the level in the so-called advanced economies
After the GFC, the G20 took action to boost market and consumer confidence, and then implemented reforms to ensure financial stability. With the multilateral system under severe strain today, a similar push is urgently needed
21st Sep 19, 9:51am
15
After the GFC, the G20 took action to boost market and consumer confidence, and then implemented reforms to ensure financial stability. With the multilateral system under severe strain today, a similar push is urgently needed
With the US disengaging from Asia and China trying to dominate the region, Asia’s democracies must assert their common interests more strongly. Building an Asian multilateral order will need greater commitment
21st Sep 19, 9:35am
1
With the US disengaging from Asia and China trying to dominate the region, Asia’s democracies must assert their common interests more strongly. Building an Asian multilateral order will need greater commitment
Although low interest rates have traditionally been viewed as positive for economic growth, this may not be the case anymore. Instead, they may lead to slower growth by increasing market concentration and weakening firms' incentive to boost productivity
18th Sep 19, 10:44am
16
Although low interest rates have traditionally been viewed as positive for economic growth, this may not be the case anymore. Instead, they may lead to slower growth by increasing market concentration and weakening firms' incentive to boost productivity
Stephen Grenville sees Argentina's latest external funding crisis as further proof of a failed approach by the International Monetary Fund, and underscores the need for reform at the IMF itself
14th Sep 19, 12:00pm
13
Stephen Grenville sees Argentina's latest external funding crisis as further proof of a failed approach by the International Monetary Fund, and underscores the need for reform at the IMF itself
The risks of further ECB monetary stimulus outweigh the benefits. More stimulus will either amount to less than anticipated or will not be sustained and undermine the eurozone's financial system and public finances in far-reaching ways
10th Sep 19, 10:00am
4
The risks of further ECB monetary stimulus outweigh the benefits. More stimulus will either amount to less than anticipated or will not be sustained and undermine the eurozone's financial system and public finances in far-reaching ways
China is working to strengthen multilateral institutions which it sees as having failed to adjust to the growing clout of emerging and developing economies, says Xizhou Zhou. That failure to adjust undermines their legitimacy
7th Sep 19, 9:51am
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China is working to strengthen multilateral institutions which it sees as having failed to adjust to the growing clout of emerging and developing economies, says Xizhou Zhou. That failure to adjust undermines their legitimacy
The recent decision by China to let the renminbi fall below CN¥7 per US dollar has little to do with trade or currency wars. Rather, it represents an important step toward reforming China’s inflexible exchange-rate regime says Yu Yongding
5th Sep 19, 10:09am
6
The recent decision by China to let the renminbi fall below CN¥7 per US dollar has little to do with trade or currency wars. Rather, it represents an important step toward reforming China’s inflexible exchange-rate regime says Yu Yongding
The combination of low unemployment and stubbornly low inflation across Western advanced economies has exposed the fundamental flaws of the standard economic theory that have long informed monetary policymaking. What theory should replace it?
5th Sep 19, 10:05am
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The combination of low unemployment and stubbornly low inflation across Western advanced economies has exposed the fundamental flaws of the standard economic theory that have long informed monetary policymaking. What theory should replace it?
The US trade war with China is driven as much by anxiety over China's rise as by economic rationality. As Greek historian Thucydides saw, that kind of insecurity can have disastrous consequences
1st Sep 19, 9:57am
3
The US trade war with China is driven as much by anxiety over China's rise as by economic rationality. As Greek historian Thucydides saw, that kind of insecurity can have disastrous consequences
Although the world is not reducing greenhouse-gas emissions to the extent needed to limit catastrophic global warming, major financial players are finally starting to make the shift away from fossil fuels
29th Aug 19, 3:16pm
2
Although the world is not reducing greenhouse-gas emissions to the extent needed to limit catastrophic global warming, major financial players are finally starting to make the shift away from fossil fuels
The US is pursuing a bipartisan containment strategy of China. Whether justified or not, the real problem is less the merits of the allegations leveled by US politicians than the incoherence of the Trump administration’s policies to address them
28th Aug 19, 10:33am
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The US is pursuing a bipartisan containment strategy of China. Whether justified or not, the real problem is less the merits of the allegations leveled by US politicians than the incoherence of the Trump administration’s policies to address them
As more workers have fallen behind, the idea that principles of equitable, broadly shared growth and meritocracy will drive an economy ceases to be reality, says Alexander Friedman. He declares the American Dream dead; but a new one can emerge
17th Aug 19, 9:49am
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As more workers have fallen behind, the idea that principles of equitable, broadly shared growth and meritocracy will drive an economy ceases to be reality, says Alexander Friedman. He declares the American Dream dead; but a new one can emerge
Many crucial questions about economic progress remain unanswered and others have not yet been properly posed, Diane Coyle argues, despite work on the impact of new technologies, the economics of innovation, and the quality of management
14th Aug 19, 10:34am
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Many crucial questions about economic progress remain unanswered and others have not yet been properly posed, Diane Coyle argues, despite work on the impact of new technologies, the economics of innovation, and the quality of management
Why should China bow to a US that treats it as an enemy? By treating international trade as a zero-sum game in which the US makes its own rules, the Americans have weakened the incentive for countries to engage in policy cooperation
11th Aug 19, 11:02am
11
Why should China bow to a US that treats it as an enemy? By treating international trade as a zero-sum game in which the US makes its own rules, the Americans have weakened the incentive for countries to engage in policy cooperation
Despite seeming unlikely right now, ultimately both America and China might see some advantage in taking currency conflict off the table, in the hope of preventing wider damage to themselves and others
10th Aug 19, 12:35pm
1
Despite seeming unlikely right now, ultimately both America and China might see some advantage in taking currency conflict off the table, in the hope of preventing wider damage to themselves and others