Categorie
Global Economy

How Chinese Competition Helps Western Conglomerates (Dalia Marin – Project Syndicate)

Firms like GE and Siemens may well find that their decision to split their businesses into multiple companies leads to increased profits and higher stock prices. But recent research indicates that this is not the only way conglomerates can boost efficiency.

How Chinese Competition Helps Western Conglomerates by Dalia Marin – Project Syndicate (project-syndicate.org)

Categorie
Development Global Economy

Global economy and development in 2021: What we learned in Brookings Global (Esther Rosen and David Batcheck, Brookings)

The past year, we have witnessed widening economic and social disparities and inequities and increasing concentration of poverty exacerbated by the COVID-19 pandemic. In 2021, Brookings experts within the Global Economy and Development program continued to identify opportunities to ensure a more equitable future for some of the world’s most vulnerable populations.

Global economy and development in 2021: What we learned in Brookings Global

Categorie
Global Economy

By the numbers: The global economy in 2021 (Atlantic Council)

A year ago, experts predicted the “Roaring ‘20s,” a decade in which a tamed pandemic would unleash a new era of global growth. But 2021 had other ideas: Supply chains broke down, inflation spiked across the world, and gross domestic product (GDP) growth fell short of forecasts. Then came Omicron, the latest COVID-19 variant forcing a new series of restrictions.

As the year comes to a close, our GeoEconomics Center’s staff and senior fellows called out the numbers behind the headlines that best capture the shape of the global economy in 2021—and what to expect in 2022.

By the numbers: The global economy in 2021 – Atlantic Council

Categorie
Global Economy

Rising inflation: Temporary deviation or here to stay? 6 chief economists discuss (Gayle Markovitz, WEF)

  • Inflation in on the rise: the reasons are complex and there is little consensus on the short and long-term trajectory.
  • Six Chief Economists give their view on what’s next for inflation – is it transitory? Will it endure? How should governments, central banks and policy-makers respond?
  • The World Economic Forum’s November 2021 Chief Economists Outlook is published today, offering insights into how the dynamics of inflation are playing out across economies.

Rising inflation: Temporary deviation or here to stay? 6 chief economists discuss | World Economic Forum (weforum.org)

Categorie
Global Economy

Status check: Managing debt sustainability and development priorities through a ‘Big Push’ (Homi Kharas and Meagan Dooley, Brookings)

Emerging market and developing economies (EMDEs) have seen development prospects fade in the two years since the onset of COVID-19. Growth turned negative in 2020, is forecast to snap back in 2021, but then revert to a declining trend. Investment levels in Latin America and Africa are forecast to remain in the range of 20-25 percent of GDP in the medium term. Outside of Asia, prospects for growth and for convergence with advanced economies are dim. Unlike in advanced economies, the GDP trajectory in EMDEs post-COVID-19 is significantly lower than pre-COVID-19 estimates; 31 developing countries may have lower levels of GDP per capita in 2025 than in 2019.

Status check: Managing debt sustainability and development priorities through a ‘Big Push’ (brookings.edu)

Categorie
Central Banks Global Economy

Central Banks and the Looming Financial Reckoning (Willem H. Buiter, Project-Syndicate)

Across the advanced economies, central banks have rightly prioritized maintaining financial stability and supporting the real economy over fighting inflation with interest-rate hikes. But with financial fragility rife and public and private leverage at all-time highs, their next big test is coming.

Central Banks and the Looming Financial Reckoning by Willem H. Buiter – Project Syndicate (project-syndicate.org)

Categorie
Geopolitics Global Economy

The Geopolitical Conquest of Economics (Jean Pisani-Ferry, Project-Syndicate)

Although economics and geopolitics have never been completely separate domains, international economic relations were shaped for 70 years by their own rules. But the rise of China and its growing rivalry with the United States have brought this era to an end.

The Geopolitical Conquest of Economics by Jean Pisani-Ferry – Project Syndicate (project-syndicate.org)