Author: Otaviano Canuto
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Otaviano Canuto: The US Elections Will Have Global Economic Impact
On Tuesday, US voters will decide who will control the White House, the Senate, and the House of Representatives. Kamala Harris, Donald Trump, and their respective parties differ significantly on key economic policies that will affect not only the U.S.
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Otaviano Canuto: Politics and Climate Change Make Awkward Bedfellows in the Race to Tackle a Truly Fearsome Foe
The earth’s average surface temperature this May was higher than any other May on record… what can, and should, governments be doing? According to the European Union’s Copernicus Climate Change Service, May’s temperature was 1.52 degrees Celsius above the pre-industrial
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China’s Economic Growth is On-Target Despite Challenges
The IMF World Economic Outlook recently released a projection of China’s economic growth of 4.6 percent and 4.1 percent for this year and next. In 2023, after the economic reopening with the end of the “Covid-zero” policy, the rate was
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Otaviano Canuto: The Global War of Subsidies
US bids to limit tech imports and exports send a message of frustration and fear. Prior to her visit to China on April 4 — her second in nine months — Janet Yellen, US Secretary of the Treasury, sent a
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How Will Artificial Intelligence Affect the Economy?
Artificial intelligence (AI) is the name given to the broad spectrum of technologies by which machines can perceive, interpret, learn, and act by imitating human cognitive abilities. Automation was created to better fulfill repetitive tasks, increasing productivity. AI, with its
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Whither China’s Belt and Road Initiative?
The Belt and Road Initiative (BRI), launched by Xi Jinping, passed its tenth anniversary in 2023. It has entered a third phase. The initiative added a label to China’s financing and construction of infrastructure abroad, which had already totaled more
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Otaviano Canuto: Growth Implications from a Fractured Trading System
To understand the implications of a fractured trading system, let’s use the period known as hyper-globalisation, or globalisation 2.0, as a benchmark. In the 1980s and ‘90s, we saw the consequences of a tectonic shift deep beneath the global economy.
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Otaviano Canuto: Rising Use of Local Currencies for Cross-Border Payments
At the recent BRICS summit in Johannesburg, the leaders of Brazil, Russia, India, China and South Africa said they wanted to use more of their national currencies for cross-border payments. Those payments are currently dominated by the US dollar and
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Otaviano Canuto: The Dollar’s ‘Exorbitant Privilege’ Remains
Otaviano Canuto discusses the ongoing role of the greenback in international monetary systems… There has been talk of “de-dolarisation” of the global economy, with recent initiatives and policy moves by China and other countries to extend the reach of use
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Otaviano Canuto: Macro-economic Policy Change – We’re Not in Kansas Any More
The possibility of multiple financial shocks lies ahead. Three significant changes to the macro-economic policy regime in advanced economies have unfolded in the past two years. Fears of a chronic insufficiency of aggregate demand as a growth deterrent — which
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