Given advanced economies’ poor growth prospects, the world economy’s dynamics nowadays will depend on how successful country-specific steps up the income ladder turn out to be.
An open society does not treat prevailing arrangements as sacrosanct; it allows for alternatives when those arrangements fail.
New theoretical breakthroughs most likely will be needed to develop the machinery required to solve such electron-electron theories, perhaps even involving black holes.
Macroprudential regulation is the new term of art among central bankers, supplementing their well-established inflation-targeting regimes.
Come presidential election-day in 2012, South Korean voters will pick the candidate who embodies pragmatism and centrism over a partisan or ideologue.
Both rich and poor countries would benefit from increased migration, with developing countries benefiting the most.
Lagarde’s challenge will be to chart a strategy for the IMF that is independent of the eurozone’s strategy, even though she has been intimately involved in formulating the latter.
With huge profits and bonuses at stake, mega-banks won’t readily abandon their model-based businesses; but, unless that happens, placing most of our bets on top-down rules would be reckless folly.
The euro itself is at risk, because the countries in crisis have, in recent years, been running the eurozone’s monetary printing presses overtime.
Higher prices will ration global oil demand, but only after a period of economic pain in some regions around the world.
Why not give countries and regions full freedom in choosing their objectives, rather than imposing some unnecessary or irrational criterion to fix the maximum number?
Export restrictions in producing countries and price controls in importing countries both serve to exacerbate the magnitude of the world price upswing, owing to the artificially reduced quantity that is still internationally traded.
The latest developments in the Greek crisis show that it's European banks' lack of capital that threatens to derail European and global growth.
The world can breathe easier with the reelection this month of United Nations Secretary-General Ban Ki-moon to a second term in office.
The authorities in Beijing, especially the CBRC and the People's Bank of China, have a good record of managing incipient booms and busts, and I would not bet against their success this time.
Editors’ Picks »
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- 3Delayed Response to Tainted Water Raises Concerns
- 4China's FDI Inflow down 1.47% in March
- 5China's MMG to Acquire Las Bambas
- 6China’s Rare Earth Exchange Begins Trading Following WTO Ruling
- 7Alibaba’s Q4 Net Income More than Doubles Ahead of IPO
- 8China Trade Fair Shadowed by Weak Exports
- 9Embassy Says 2 Chinese Nationals Aboard Capsized S.Korean Ship
- 10South Korean Ferry Sinks off South Coast