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Global Imbalances and the Pandemic

The International Monetary Fund’s tenth annual External Sector Report (ESR, August 2021) shows how current account deficits in the global economy widened in 2020 during the pandemic. On the other hand, the ESR also argues that overall, the misalignment between

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Naomi Osaka: Champion of Tennis, Fashion — and Endorsements

Naomi Osaka has stormed the tennis scene, snatching up enough titles and endorsements to break some of the game’s most impressive records. Her victories over Serena Williams at the 2018 US Open and the 2021 Australian Open have cemented her

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China’s Renminbi Needs Convertibility to Internationalise

On July 21, the Official Monetary and Financial Institutions Forum (OMFIF) published its eighth annual report on Global Public Investors (GPI). It included a survey the asset allocation plans of reserve managers of central banks, sovereign wealth funds, and public

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Uzbekistan’s Dynamism Presents New Opportunities for Post-Brexit Britain

Though 5,000 km apart, the UK, an economic leader in the world, and my emerging but fast-developing nation are quietly forming a partnership no-one could have imagined three decades ago, when Uzbekistan broke away from the crumbling Soviet Union. I

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Asian Development Bank: Towards a Blue Deal to Restore the World’s Oceans

Investments in recovering and maintaining a functioning marine ecosystem can form the foundation of a sustainable “blue economy.” Marine ecosystems are threatened by extinction. Over the past 50 years, the world has lost nearly half of its coral reefs and

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World Bank: Pandemic Recovery is an Opportunity to Step Up Climate Change Action in Europe and Central Asia

2021 needs to be the year that climate change urgency truly entered the collective consciousness and lasting action followed. In the same way the effects of climate damage are often described as irreversible, so too is the movement calling for

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History and Future: Two Things Pilipinas Shell Takes Into Account in All of its Dealings

Pilipinas Shell Petroleum Corporation traces its roots back to 1914, when the Asiatic Petroleum Company (Philippine Islands) Ltd was established and has since then established itself as a leader in corporate governance. Ppinas Shell (PSPC), 55 percent owned by the

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Justin Yifu Lin: Eastern Perspectives, Western Preconceptions, and Prospects for Shared Economic Growth

Justin Yifu Lin made history in 2008 as the first non-Westerner appointed as chief economist and senior vice-president of the World Bank. Lin, one of China’s most renowned economists, currently serves as an official advisor to the Chinese government and

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Containers Printers: Expanding Horizons for Packaging Industry and Customers — Despite Covid-19’s Ravages on the World

The Covid-19 pandemic has been the defining event of 2020 for businesses and individuals alike. This was equally true for Singapore-based Containers Printers, but the crisis presented CP with the opportunity to demonstrate its willingness and ability to take on

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Asian Development Bank: What Emerging Markets Can Teach Us About CSR

Fifty years after Milton Friedman’s famous essay arguing that companies should focus solely on shareholder profits, emerging markets businesses are helping lead the fight against Covid-19. Their example adds nuance to Friedman’s argument, reminding us that companies can effectively pursue

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