Project Syndicate
GDP's successor will need to be compelling and tell a persuasive story, consistent with experience, of what is happening in our economies. Wellbeing may not be it, but wealth might be says Diane Coyle
16th Feb 19, 9:46am
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GDP's successor will need to be compelling and tell a persuasive story, consistent with experience, of what is happening in our economies. Wellbeing may not be it, but wealth might be says Diane Coyle
Most politicians on the UK left and the right know that leaving the EU without an exit agreement would be a national calamity. So why have almost all refused to do anything to halt the slide toward a catastrophic no-deal Brexit?
9th Feb 19, 9:26am
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Most politicians on the UK left and the right know that leaving the EU without an exit agreement would be a national calamity. So why have almost all refused to do anything to halt the slide toward a catastrophic no-deal Brexit?
How China manages its currency during its economic policy shift could have important global consequences. The risk of China crash may be low, but the risk of policy accidents is substantial
9th Feb 19, 9:10am
How China manages its currency during its economic policy shift could have important global consequences. The risk of China crash may be low, but the risk of policy accidents is substantial
Xi's goal is to shore up the authority of the party-state within his country, including by ensuring Chinese are not exposed to liberal-democratic ideas, and not to launch a new cold war with the West
6th Feb 19, 9:31am
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Xi's goal is to shore up the authority of the party-state within his country, including by ensuring Chinese are not exposed to liberal-democratic ideas, and not to launch a new cold war with the West
When governments are captured by quasi-authoritarian autocrats, the only way to escape pro-oligarch policy adjustments is by demonstrations and civil disobedience, says Piroska Nagy-Mohacsi
31st Jan 19, 2:21pm
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When governments are captured by quasi-authoritarian autocrats, the only way to escape pro-oligarch policy adjustments is by demonstrations and civil disobedience, says Piroska Nagy-Mohacsi
Zhang Jun notes that a new growth model for China requires higher consumption, competitive service, and huge opening up in their non-tradable sectors
29th Jan 19, 4:00pm
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Zhang Jun notes that a new growth model for China requires higher consumption, competitive service, and huge opening up in their non-tradable sectors
Stephen Roach warns that rising protectionism could spark a surprisingly swift deterioration in global economic conditions. The global trade cycle is facing major stress in 2019 and downward revisions have just begun
29th Jan 19, 10:05am
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Stephen Roach warns that rising protectionism could spark a surprisingly swift deterioration in global economic conditions. The global trade cycle is facing major stress in 2019 and downward revisions have just begun
Edmund Phelps says the silence of economists on the underlying causes of the political ructions and what can be done to restore economic vigour has been deafening, evidence of a refusal to acknowledge the need for change
28th Jan 19, 10:19am
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Edmund Phelps says the silence of economists on the underlying causes of the political ructions and what can be done to restore economic vigour has been deafening, evidence of a refusal to acknowledge the need for change
'The world needs a corporate tax system that is fit for the digital economy and benefits developing and developed countries alike'
22nd Jan 19, 9:28am
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'The world needs a corporate tax system that is fit for the digital economy and benefits developing and developed countries alike'
Raghuram Rajan says a key question is whether central bankers can win back the public’s confidence, maintain economic stability, and now find ways to accommodate widespread technological disruptions
20th Jan 19, 10:35am
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Raghuram Rajan says a key question is whether central bankers can win back the public’s confidence, maintain economic stability, and now find ways to accommodate widespread technological disruptions
In 2018 Donald Trump finally turned his protectionist words into action by imposing sweeping tariffs on imports from allies and adversaries alike. While the use of tariffs to protect domestic industry is not new, attacks on the larger trading system are
19th Jan 19, 8:54am
In 2018 Donald Trump finally turned his protectionist words into action by imposing sweeping tariffs on imports from allies and adversaries alike. While the use of tariffs to protect domestic industry is not new, attacks on the larger trading system are
A Beijing professor says a catastrophic outcome in the China-US trade relationship is unlikely, so long as the US faces facts. They must recognise that trying to contain China economically will not solve their problems at home
19th Jan 19, 8:27am
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A Beijing professor says a catastrophic outcome in the China-US trade relationship is unlikely, so long as the US faces facts. They must recognise that trying to contain China economically will not solve their problems at home
David Lublin argues that rising interest rates are reducing China's self-confidence and constraining its global ambitions. A fragile capital account is hardly a strong foundation for aggressive Chinese foreign policy
16th Jan 19, 8:52am
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David Lublin argues that rising interest rates are reducing China's self-confidence and constraining its global ambitions. A fragile capital account is hardly a strong foundation for aggressive Chinese foreign policy
Mariana Mazzucato says that rather than measuring the value of economic activity purely by its price, capitalism will be more purposeful when recognising that value is created collectively by business, government, and civil society
15th Jan 19, 9:50am
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Mariana Mazzucato says that rather than measuring the value of economic activity purely by its price, capitalism will be more purposeful when recognising that value is created collectively by business, government, and civil society
Even in the GFC, global investors saw US Treasuries as the safest asset available. But under Trump portfolio managers find themselves in rough seas with no port of call that can offer shelter from the storm
8th Jan 19, 8:49am
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Even in the GFC, global investors saw US Treasuries as the safest asset available. But under Trump portfolio managers find themselves in rough seas with no port of call that can offer shelter from the storm
Kenneth Rogoff says with policy interest rates near zero in most advanced economies, there is little room for monetary policy to maneuver in a recession without considerable creativity. But those who think fiscal policy alone will save the day are stupefy
6th Jan 19, 9:10am
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Kenneth Rogoff says with policy interest rates near zero in most advanced economies, there is little room for monetary policy to maneuver in a recession without considerable creativity. But those who think fiscal policy alone will save the day are stupefy
Brazilian President Bolsonaro joins the growing ranks of leaders – including America's Trump, Hungary's Orbán, and Poland's Kaczyński – who won power by vowing to end systemic corruption. But he is likely to join them in enabling much more of it
3rd Jan 19, 12:02pm
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Brazilian President Bolsonaro joins the growing ranks of leaders – including America's Trump, Hungary's Orbán, and Poland's Kaczyński – who won power by vowing to end systemic corruption. But he is likely to join them in enabling much more of it
Yu Yongding argues that the Chinese government should pursue monetary and fiscal expansion to stabilise GDP growth and prevent the current slowdown from being excessively sharp
3rd Jan 19, 9:46am
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Yu Yongding argues that the Chinese government should pursue monetary and fiscal expansion to stabilise GDP growth and prevent the current slowdown from being excessively sharp
Koichi Hamada says that by ignoring trade history, and the fundamentals of game theory, the US President is driving 'trade diversion', all to the detriment of the United States
2nd Jan 19, 7:31am
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Koichi Hamada says that by ignoring trade history, and the fundamentals of game theory, the US President is driving 'trade diversion', all to the detriment of the United States
China deserve praise for lifting hundreds of millions of people out of poverty. But it's experience has also dispelled three myths about the impact of economic growth, according to Éloi Laurent
28th Dec 18, 9:37am
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China deserve praise for lifting hundreds of millions of people out of poverty. But it's experience has also dispelled three myths about the impact of economic growth, according to Éloi Laurent
Erik Berglof says it makes no sense to reject the lessons of China's economic devlopment miracle even in a period of deepening political suspicion and outright hostility
28th Dec 18, 9:16am
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Erik Berglof says it makes no sense to reject the lessons of China's economic devlopment miracle even in a period of deepening political suspicion and outright hostility
Despite the current trade truce, tensions between the world's two largest economies remain high. But while both countries may be tempted to turn inward, there are five reasons why they would be wise not to, says McKinsey analysts
27th Dec 18, 10:01am
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Despite the current trade truce, tensions between the world's two largest economies remain high. But while both countries may be tempted to turn inward, there are five reasons why they would be wise not to, says McKinsey analysts
Stephen Roach congratulates the US Fed for the courage to commit to normalising interest rate. He says there is simply no other way to break the US economy's 20yr dependence on asset bubbles
27th Dec 18, 9:02am
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Stephen Roach congratulates the US Fed for the courage to commit to normalising interest rate. He says there is simply no other way to break the US economy's 20yr dependence on asset bubbles
As algorithmic decision-making spreads across more policy areas, it is exposing social and economic inequities that were long hidden behind "official" data. Diana Coyle wants to use a new bias in favour of 'a more just society'
15th Dec 18, 10:31am
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As algorithmic decision-making spreads across more policy areas, it is exposing social and economic inequities that were long hidden behind "official" data. Diana Coyle wants to use a new bias in favour of 'a more just society'
Before the next financial crisis erupts, preparing to respond merits a more holistic approach – one that accounts for the serious and escalating threats posed by climate change
8th Dec 18, 9:30am
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Before the next financial crisis erupts, preparing to respond merits a more holistic approach – one that accounts for the serious and escalating threats posed by climate change