The forward march of globalisation has paused since the financial crisis, giving way to a more conditional, interventionist and nationalist model. Greg Ip examines the consequences.
FIVE YEARS AGO George W. Bush gathered the leaders of the largest rich and developing countries in Washington for the first summit of the G20. In the face of [...]
Now that the election is over and Abe is firmly in control, the Chinese seem to be steeling themselves for more confrontations over the disputed islands in the East China Sea controlled by Japan (barren rocks called the Diaoyu Islands by the Chinese and the Senkaku Islands by the Japanese). The official China Daily newspaper [...]
The International Monetary Fund has warned that new risks to global financial stability are already emerging before the problems left by the deepest slump since the 1930s have been sorted out.
In its half-yearly healthcheck on the financial system, the Fund said failure to deal with old and new risks risked propelling the five-year old [...]
Putin ordered Prime Minister Dmitry Medvedev to convene a special meeting of Kremlin and government advisers to come up with a response to [...]
Swiss economist Mr Schwab, speaking on the eve of the elite annual gathering in the Swiss mountain resort of Davos, called for business and government leaders to focus on “cautious realism” and a recovery of public trust to avoid another major financial crisis.
“The problems and the risks have not gone away,” he [...]
The global economy risks sliding back into recession. That’s the sober assessment from the UN’s World Economic Situation and Prospects 2013, which cites weak economic growth in 2012, and an anemic expected expansion over the next two years. And while economic woes in the United States, Europe and Japan have slowed global growth, once-seemingly supercharged [...]
The leading power of the age is in relative decline, beset by political crisis at home and by steadily eroding economic prowess. Rising powers are jostling for position in the four corners of the world, some seeking a new place for themselves within the current global order, others questioning its very legitimacy. Democracy and despotism [...]
One fateful question for 2013 is this: What happens to globalization? For decades, growing volumes of cross-border trade and money flows have fueled strong economic growth. But something remarkable is happening; trade and international money flows are slowing and, in some cases, declining. David Smick, the perceptive editor of the International Economy magazine, calls the [...]
Yet a growing number of China watchers have been raising the alarm that all is not well in the world’s second-largest economy. Indeed, any discussion of China these days would be far more foresighted to focus on the growing challenges and potential dangers that the new leadership is facing. The implications of China experiencing an [...]
China’s government-controlled enterprises are targeting the U.S. market and pose a threat to U.S. companies, free markets, and fair trade, according to a forthcoming report by a congressional Chinese commission.
“The Chinese system of state capitalism or ‘capitalism with Chinese characteristics’ has blocked many of the potential benefits of a free market, not only in [...]