Economics & Convergence

Joseph Stiglitz: The End of Neoliberalism and the Rebirth of History

At the end of the Cold War, political scientist Francis Fukuyama wrote a celebrated essay called “The End of History?” Communism’s collapse, he argued, would clear the last obstacle separating the entire world from its destiny of liberal democracy and

Nouriel Roubini: Four Collision Courses for the Global Economy

In the classic game of “chicken,” two drivers race directly toward each other, and the first to swerve is the “loser.” If neither swerves, both will probably die. In the past, such scenarios have been studied to assess the risks

Otaviano Canuto, Center for Macroeconomics and Development: China’s Rebalancing Act is Slowly Addressing Sliding Growth Figures

China’s economic growth has been sliding since 2011, while its economic structure has gradually rebalanced toward lower dependence on investments and current-account surpluses. Steadiness in that trajectory has been accompanied by rising levels of domestic private debt, as well as

UAE Backs China’s One Belt One Road Initiative at Annual Investment Meeting

His Excellency Abdulla Al Saleh, Undersecretary for Foreign Trade Ministry of Economy UAE stated,“ Trade activities to amount to $ 33 billion dollars between the UAE and China.” Dubai, United Arab Emirates, 9th April 2019: The UAE is set to

Annual Investment Meeting 2019 to Host Strategic Sessions to Draw Foreign Direct Investments

This year the event will witness the presence of 60 high level official The organizing committee of the Annual Investment Meeting 2019, has completed the preparations for the upcoming event, which will be held from 8th to 10th of April

Nouriel Roubini: The Mystery of the Missing Inflation

Since the summer of 2016, the global economy has been in a period of moderate expansion, yet inflation has yet to pick up in the advanced economies. The question that inflation-targeting central banks must confront is straightforward: why? Since 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

Otaviano Canuto, IMF: What Happened to World Trade?

World trade suffered another disappointing year in 2015, experiencing a contraction in merchandise trade volumes during the first half and only a low recovery during the second half (Figure 1). While last year’s trade performance can be associated to the

Ross Jackson: Stemming the Flow of Refugees – An Holistic Approach

The unprecedented surge of refugees streaming into Europe is no doubt due to the ongoing wars in Syria and Iraq and the unstable situation in Libya. However, refugees were arriving in Europe long before these wars began. They will continue

Michael Pettis: China – What the New Currency Regime Means and How It Affects the World

On Tuesday, August 18, the People’s Bank of China (PBoC) surprised the markets with a partial relaxing of the currency regime, prompting a great deal of discussion and debate about the value of the renminbi (RMB). Part of the discussion

Economics & Convergence

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