The Global Economy’s Dangerous Myopia – Are We Ignoring Future Crises?: Joseph Stiglitz
As global leaders continue to deal with their economies’ immediate problems, long-term issues such as global warming, inequality and poverty are being compromised – with potentially dangerous ramifications. Although today’s crises undoubtedly warrant immediate action, we should be asking whether...
Could Europe’s Social Crisis Overshadow Its Economic Woes In 2013?: George Friedman
For close to three years, the primary focus of European leaders has been to solve the region’s banking and sovereign debt crisis, which have caused a serious weakening of the economy and created massive unemployment in some countries. The same...
Will Politics Continue To Dominate The World Economy In 2013?: Mohamed El-Erian
How politics and economics interact nationally and globally is one of the important questions for 2013 and beyond. There are three scenarios: good economics and effective politics provide the basis for a growing and more cooperative global economy; bad economics...
China Will Struggle To Wean Its Addiction To Investment-Led Growth: Michael Pettis
According to an IMF study released late last year, there is now strong evidence that China has been over-investing significantly over the last decade – leading to sustained economic growth rates at the expense of a suppressed consumption base. But...
Why Even The Shale Boom May Not Prevent $200 Oil – Interview With Chris Martenson
Despite booming oil production in North America on the back of the shale revolution, many industry forecasts still expect oil prices to remain above $100 a barrel in 2013 – the third consecutive year that oil prices have gone above...
Did Malthus Get It Right After All?: Gail Tverberg
In 1798, British economist Thomas Malthus predicted that a continued population would strip the earth of its resources and eventually lend itself to famine and poverty. While his predictions have not materialised, at least not yet, his work and concept...
The Broken BRIC: India Faces Economic Challenges
India has been labelled the weakest nation in the so-called BRIC alliance, evidenced by foreign investors forsaking the country for more promising emerging markets. Restrictive policies and slow infrastructure investment saw India grow at one of its slowest pace in...
A Risky New Era For Central Banking?: Mohamed El-Erian
The political paralysis over economic growth in several developed nations have effectively forced central banks to embark on a shift from their conventional monetary policies. But, the best that central banks can do for now is to buy time, while...
How Shale May Change The Future Of Geopolitics: Robert D. Kaplan
The coming of shale gas will magnify the importance of geography. Countries that have considerable shale deposits will be better placed in the 21st century competition between states, and those without such deposits will be worse off – marking a...
Another Eurozone Crisis In 2014?: Nouriel Roubini
The tail risks of a Greek exit from the eurozone or a massive loss of market access in Italy and Spain have been reduced for 2013. But the fundamental crisis of the eurozone has not been resolved, and another year...
America’s Real Freedoms: by Jeffrey D. Sachs
America has now suffered around 30 shooting massacres over the past 30 years, including this year’s deadly dozen; each a gut-wrenching tragedy for many families. Today, America’s real freedoms depend on sane public policy and the bloodbath in Newtown is...
How China Beats The US At Energy Leveraging: Gail Tverberg
Countries like China and India, which leverage their oil use to a greater extent with more coal use are less affected by a rise in oil prices. This is another reason why jobs are moving to China and India,...
Has the Chinese Economy Bottomed Out?: Michael Pettis
The big news in the last few weeks has been the relatively positive economic data suggesting that Beijing could be in for a rebound. However, the “relief” data tell us nothing about the health of the underlying economy. In fact,...
Resolving India’s Entrepreneurial Paradox: Key To Starting Up The Economy?
Despite its sizeable youth population, some fear that India’s much touted demographic dividend is on the verge of going horribly wrong – that the economy may not produce enough jobs to absorb the fast-growing labour force, leaving millions of young...
One Month Later – How America Should Rebuild Itself Post-Elections: Joseph Stiglitz
After a hard-fought campaign, it seems that not much has changed in American politics. Rather, the main cause for celebration has been that America has avoided policies that would have pushed it closer to recession and increased inequality further. After...