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Les Echos interviewait récemment Albert Keidel, chercheur au Carnegie Endowment, quant à la crise économique. Il affirme que les autorités chinoises devraient encourager la consommation intérieure et les investissements domestiques et aborder la grogne sociale de manière équilibrée en distinguant bien les doléances légitimes des autres qui le sont beaucoup moins.
Comparison of China’s major regions shows large disparities in GDP per capita. Over the last 20 years, and the five-year period between 2000-05, Chinese rural income and consumption disparities have increased significantly compared to urban areas.
The severe economic crisis in Russia is currently spilling over into the political and administrative spheres. However, the government is not responding properly. Instead of improving administration effectiveness, the Russian government is simply reshuffling regional heads. In economics, the Kremlin is putting unneeded burden on businesses and regional governments.
Amid the overwhelming popular enthusiasm and unprecedented media coverage in the Arab world that accompanied the 2008 U.S. presidential elections, the Carnegie Middle East Center provided an open forum for distinguished Arab observers to share their thoughts on future American policies in the Middle East.
By whatever means necessary, China needs to reduce its global trade surplus dramatically -- ideally to zero and below by sometime in 2010. China's exports will most probably continue to grow, even if modestly. Hence, China must put its late-phase World Trade Organisation mechanisms into high gear and open import channels wide, especially for consumer goods.
Mainstream economic policies in Mexico managed to generate growth that proved neither pro-poor nor sustained. The Mexican experience shows the need to leave behind the blind faith in market forces and embrace employment-based policies.
On October 12 the Central Committee of the CCP approved “Decisions on Major Issues Concerning the Advancement of Rural Reform and Development”. The proposed legislation would give farmers more control to rent and sell their land. It represents a significant effort by the CCP to curb local corruption, increase food security, as well as reduce the inequality between urban and rural China.
The genius of all great systems is their ability to reinvent themselves, to adapt to changing environments. That's the reason why those whose response to the current crisis is to announce the end of capitalism are so misguided. Capitalism will survive. But it will not, and should not, survive unchanged. We are going to enter an era of resurgent regulation at the national level and global level.
The United States has long relied on a financial system that intertwines its economy with China and Japan, allowing us to run huge trade and budget deficits. Now, as this ad-hoc system may be leading the world toward a global depression, most policymakers agree that the U.S. should reduce its trade deficit with Asia, while Asian countries should abandon their strategy of export-led growth.
Unless Beijing can get its economy going again, the government is likely to face their first sustained wave of protests in decades. Thus far, China has kept labor protests separate from one another, preventing them from developing a common theme or a common leader. But if China's downturn turns into an outright recession, the country could face its first serious threat to the regime.
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