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Malaysia’s National Automotive Policy is currently under review so the time is ripe for change. The objective should be to alter the incentive structure away from domestic market protection and toward increased competition.
An important look at the power struggle that is defining modern times, Power, Inc. also offers critical insights into how to navigate the tumultous years ahead.
The United States must find a way to reduce its more than $15 trillion debt and improve its long-term fiscal outlook.
As the euro crisis wreaks havoc on the cohesion of the European Union and the global economy, Europe faces significant foreign policy challenges, including the escalating conflict in Syria and rising tensions with Iran.
China performed better than expected in 2011, managing major risks and serving as the world’s strongest economic engine. In early 2012, China is making progress towards rebalancing as its external surplus continues to shrink.
The twin shocks of the Euro debt crisis and the Arab Spring are forcing members of the Gulf Cooperation Council to grapple with old and new challenges, including overreliance on oil, changing trade relationships, and regional integration.
As Xi Jinping, China’s designated next leader, visits the United States, he faces protests over unfair competition and currency manipulation. More worrying than a trade war, however, is the potential for increased tension over technology transfers between China and the United States.
Although China has a vital interest in developing Africa’s natural resources, it is not just on a resource hunt in the region. Moreover, the adverse impacts of its rising exports are also limited.
Though globalization is increasing labor market integration and income inequality, policymakers should help workers adjust to a changing world rather than erecting protectionist measures.
In 2008, the G20 proved to be an effective forum for coordinating action to stem the global financial crisis. But now that the storm has passed, it remains to be seen if the G20 is capable of assuming leadership on key economic governance issues.
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