Economic Risk in Asia

    India and Indonesia Can Be Big Winners From Global Trade War

    The potential is clear for both India and Indonesia to transform their demographic booms into engines of domestic demand while positioning themselves as alternatives to China for labor-intensive manufacturing.

    How China and California Collaborate and Compete for Our Future

    Tensions between the world’s superpowers are mounting in Washington and Beijing. But between these hubs of high-level politics, a new reality is emerging between China and the state of California, which have built deep and interdependent socioeconomic exchanges that reverberate across the globe.

    Hong Kong Policy Paralysis Erodes Special Position to Benefit of Peers

    While investment in Hong Kong may not change rapidly, continued uncertainty will erode the foundations that have made Hong Kong special in the minds of global businesses.

    Washington Should Tax Capital Inflows

    Taxing capital inflows is a far better way to balance trade than imposing tariffs. This would address the root causes of trade imbalances, improve the productive investment process, and shift most of the adjustment costs onto banks and speculators.

    5 Smart Reasons to Tax Foreign Capital

    Today’s U.S. trade deficits are driven mainly by capital flow imbalances. Tariffs are less efficient and only work by distorting the real economy and rearranging bilateral imbalances.

    Wealth Should Trickle Up, Not Down

    Income inequality in the United States hampers growth and forces up debt. In advanced economies in which investment is not constrained by scarce savings, high levels of income inequality lead automatically to either more unemployment or more debt. Such inequality undermines not only the health of the economy, but eventually also the rich.

    Does the UK Benefit From Chinese Investment?

    While foreign investment usually benefits developing economies and creates local economic benefits in advanced economies, it generally does not benefit advanced economies on the whole except in very limited cases. On the contrary, foreign investment in advanced economies is more likely to lead to higher unemployment or rising debt.

    Resolving the US–China Trade Impasse

    The new round of tariffs has put U.S.-China trade negotiations on hold. Just a month ago, a deal to end the trade war was deemed likely. So why did this process unravel so quickly and what is the way going forward?

    The US and China Take Their Rivalry into More Dangerous Waters After Collapse of Trade Talks

    Washington and Beijing are not in a new cold war yet, but there is definitely a cold-war mentality at work that may diminish both sides’ capacity to manage crises effectively.

    Did China Break the World Economic Order?

    Whether President Trump is misguided in pursuing tariffs and using them as leverage with the Chinese government, America’s continued drive to levy penalties is less about fixing a trade problem than about changing China’s investment rules.

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