Are Advanced Economies Ready for Recovery, Really? Or Global Reflation As China Begins Tightening

Are Advanced Economies Ready for Recovery, Really? Or Global Reflation As China Begins Tightening

Until recently, the conventional wisdom was that China’s contribution to global reflation would be increasingly accompanied by those of the US and Europe. Yet, the realities may look grimmer than anticipated. Usually, the term ‘reflation’ is used to describe the first phase of economic recovery after a period of contraction. More recently, ‘global reflation’ has […]

Will China Save the World?

Will China Save the World?

The Chinese leader Xi Jinping advocates globalization, which may increasingly aid the long-term development of the world economy. The US president Donald Trump does not serve globalization or even hinders the development of the world economy. Maybe some of his actions will revive the US economy in the short run, but they are harmful to […]

The Paradoxical Rivalry of US and China for Industrial Innovation

The Paradoxical Rivalry of US and China for Industrial Innovation

photo: Jonathan Taglione By the early 2020s, rivalry for industrial innovation will accelerate between the U.S. and China. Ironically, the Trump White House has opted for a poor-economy industrial policy, whereas China has a rich-economy policy. The former seeks past glory; the latter cannot wait to get to the future. According to the Trump administration, […]

China’s Rise in Global Robotics: Toward Consolidation

China’s Rise in Global Robotics: Toward Consolidation

photo: Tecnalia Chinese robotics is positioned for leadership in global robotics, as the emerging industry is moving toward increasing rivalry and consolidation. In the new and emerging industry, the rise of innovative robotics startups heralds the future. In 2016, almost 130 companies were funded by venture capital, including China-based RooBo, Israeli Roboteam, and German ReActive Robotics. […]

The Emerging Market Economies and the Appreciating Dollar

The Emerging Market Economies and the Appreciating Dollar

photo: Chris Palmer U.S. policymakers are changing gears. First, the Federal Reserve has signaled its intent to raise its policy rate several times this year. Second, some Congressional policymakers are working on a border tax plan that would adversely impact imports. Third, the White House has announced that it intends to spend $1 trillion on infrastructure projects. How all these measures affect […]

Accelerating Reform Execution in China

Accelerating Reform Execution in China

photo: Thomas Depenbusch After political consolidation, China is ready to begin a broader implementation of structural reforms. That is vital to double per capita income in 2010-20. After President Xi assumed office in fall 2012, Chinese leadership has steadily moved toward more comprehensive structural reforms. As evidenced by the recent Two Sessions in Beijing, these reforms […]

The Rise and Decline of Four Little Dragons

The Rise and Decline of Four Little Dragons

photo: Rolf Venema After a stunning growth performance, all four dragons are slowing and aging. In the absence of drastic policy changes, they are facing relative stagnation, says Dan Steinbock. In The Four Little Dragons (1992), U.S. academic Ezra Vogel argued that the four little dragons—Taiwan, South Korea, Hong Kong, and Singapore—were the newly-industrialized economies, which […]

What Is Fueling the Ecommerce Boom in China?

What Is Fueling the Ecommerce Boom in China?

photo: JERRYANG China, with its staggering population of over 1.4 billion, has more internet users than any other country in the world. More internet users translates into more ecommerce shoppers, making China the largest and fastest-growing ecommerce market in the world.   With $630 billion in sales in 2015, China’s ecommerce market dwarfs all others, being […]

The Philippines “BRIC” Effort

The Philippines “BRIC” Effort

photo: GovernmentZA While the Obama White House prepared plans for regime change in the Philippines, President Trump is working on an assertive strategy in Asia. Meanwhile, President Duterte is accelerating the country’s economic growth – dramatically. After the election triumph of President Rodrigo Duterte, the Philippines has initiated a series of economic reforms to accelerate […]

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