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)
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 […]
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 […]
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 […]
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 […]
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 […]
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)
MICHAEL SPENCE The outlook for the global economy has gone from hopeful to bleak in the space of just a few months, owing to the rise of the Delta variant, climate-driven disasters, and previously underappreciated supply-chain disruptions. In fact, it is now hard not to conclude that future growth and development are in peril. A […]
Speaker Lawrence H. Summers Charles W. Eliot University Professor and President Emeritus, Harvard Kennedy School; Former U.S. Secretary of the Treasury; CFR Member Presider Gillian Tett Chair of the Editorial Board and Editor-at-Large, Financial Times Lawrence H. Summers discusses the U.S. economic recovery, the Biden administration’s stimulus and infrastructure plans, possible inflation risks, and the implications for […]
Arti Grover and Valerie Karplus The COVID-19 crisis is forcing firms to explore survival strategies to deal with the unprecedented disruption. Global consulting firms have been asked to advise on what practices can help business leaders navigate effectively in times of crisis.
Steven B. Kamin and John Kearns The COVID-19 pandemic has triggered the sharpest downturn in the world economy since the Great Depression, with global GDP projected to decline 3.5 percent in 2020 compared to a rise of 2.8 percent in 2019.
Jaana Remes The COVID-19 pandemic caused an unprecedented worldwide consumption decline and dramatically changed consumer behavior almost overnight. But what happens once the pandemic is over? Does everything simply return to “normal,” much like flipping a switch?