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Financial Centres Promote Economic Development: AIFC Goes for Growth by Backing SMEs Globally

International Financial Centres (IFCs) are a necessary component of national and global economic growth. And increasingly, it is co-operation between IFCs, rather than competition, that drives the development agenda of the world’s established and emerging financial centres. As the Astana

Nouriel Roubini and Brunello Rosa: The Makings of a 2020 Recession and Financial Crisis

As we mark the decennial of the collapse of Lehman Brothers, there are still ongoing debates about the causes and consequences of the financial crisis, and whether the lessons needed to prepare for the next one have been absorbed. But

Evan Harvey, Nasdaq: What’s Driving ESG? A Top Ten List

The prevalence and prominence of sustainability as a vital concept in the world – let alone the business community – is now clear. It has been driven by a host of dynamics that are both native to, and external from,

Lord Waverley on Sanctions: The United Kingdom Acts

The United Kingdom Government has introduced the Sanctions and Anti-Money Laundering Bill to Parliament. Provisions for continuity of current sanctions arrangements post BREXIT have become necessary. Failure to do so would put the United Kingdom in breach of its international

Kenneth Rogoff: Trump’s 3% Growth for the 1%

US President Donald Trump has boasted that his policies will produce sustained 3-4% growth for many years to come. His prediction flies in the face of the judgment of many professional forecasters, including those on Wall Street and at the

Robert J Shiller: Understanding Today’s Stagnation

Ever since the Great Recession of 2007-2009, the world’s major central banks have kept short-term interest rates at near-zero levels. In the United States, even after the Federal Reserve’s recent increases, short-term rates remain below 1%, and long-term interest rates

Mohamed A El-Erian: The Great Policy Divergence

Over the next few weeks, the US Federal Reserve and the European Central Bank are likely to put in place notably different policies. The Fed is set to raise interest rates for the first time in almost ten years. Meanwhile,

Ross Jackson: Eurozone – The End Game

It has become clear to most EU citizens, but not yet to the EU leaders, that neoliberal economics has been a total fiasco for the environment, increased inequality, and decreased the overall sense of well-being for over thirty years. When

Nouriel Roubini: A Financial Early-Warning System

Recent market volatility – in emerging and developed economies alike – is showing once again how badly ratings agencies and investors can err in assessing countries’ economic and financial vulnerabilities. Ratings agencies wait too long to spot risks and downgrade

Otaviano Canuto, World Bank Group: Commodity Super Cycle to Stick Around a Bit Longer

Some analysts have predicted that the commodity price boom has played itself out. However, natural resource-based commodity prices (with the exception of shale gas and its downward pressure on US natural gas prices) have remained relatively high over the last

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