XIAMEN, China (Reuters) – Chinese President Xi Jinping on Tuesday urged BRICS nations to deepen coordination on global matters, and push for a more “just” world order, by boosting representation for emerging and developing countries in international bodies.
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by Maurice Obstfeld, Jul 25, 2017 The recovery in global growth that we projected in April is on a firmer footing; there is now no question mark over the world economy’s gain in momentum.
The West could learn a thing or two 20 years after the region plunged into turmoil. By Mohamed A. El-Erian, Jul 11, 2017 Twenty years ago, I was working at the International Monetary Fund in Washington that would scramble — like almost everyone else — to understand and respond to cascading financial disruptions that would…
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by Michelle Jamrisko, Jun 2, 2017 Tariffs on U.S. carbon emitters could overshadow any benefits Trump says pullout spares jobs, ‘draconian’ economic burdens President Donald Trump argued that leaving the Paris climate accord would save jobs at home, yet possible trade wars sparked by his decision could nullify any additional benefit to American workers.
HONG KONG, CHINA (6 April 2017) — Growth is picking up in two-thirds of economies in developing Asia, supported by higher external demand, rebounding global commodity prices, and domestic reforms, making the region the largest single contributor to global growth at 60%, says a new Asian Development Bank (ADB) report.
by Catarina Saraiva and Michelle Jamrisko, Mar 3, 2017 Read the article here.
by Lianna Brinded, Business Insider, Feb 9, 2017 PricewaterhouseCoopers, one of the world’s largest professional-services firms, just released its predictions for the most powerful economies in the world by 2030.
By Vat Vin, Jan. 22, 2017 As Asean prepares to celebrate its 50th anniversary in October it is an opportune time to review the regions success over that period. From representing just 12 per cent of global gross domestic Product (GDP) in the early 1960s, the wider Asia-Pacific region now accounts for 31 per cent.
Nyshka Chandran | @nyshkac, 3 Jan 2017, CNBC.com When it comes to Asia’s growth outlook, the south still reigns supreme. India, Indonesia and Thailand are seen as the region’s best performers of 2017 thanks to healthy fundamentals, economists told CNBC.
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http://www.pwc.com/us/en/apec-ceo-summit/2016/key-findings/regulatory-conditions.html Regulatory conditions are always a factor when a business takes on the ultimate risk to invest directly in another economy… The real calculation is just how much of a factor given other dynamics that affect business growth and profitability. In this study, based in part on PwC’s Survey of over 1,100 business leaders in…
by Andrew Mayeda, Craig Torres, November 18, 2016, http://www.bloomberg.com/news/articles/2016-11-18/blah-blah-blah-a-renowned-economist-sums-up-the-state-of-macro?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social Paul Romer says he really hadn’t planned to trash macroeconomics as a math-obsessed pseudoscience. Or infuriate countless colleagues. It just sort of happened.
by Thomas Seal, November 14, 2016, http://www.bloomberg.com/news/articles/2016-11-14/brexit-costs-u-k-82-billion-in-lost-company-spending-study?utm_content=brexit&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid%3D=socialflow-facebook-brexit U.K. businesses have delayed or canceled investments worth 65.5 billion pounds ($82 billion) since the vote to leave the European Union, with more than 40 percent of large companies scaling back, according to a new survey.
by Zachary Tracer, November 11, 2016 President-elect Donald Trump outlined some pieces of his health-care program, largely following ideas he laid out during his campaign, from a repeal of Obamacare, his predecessor’s signature health law, to language indicating opposition to abortion.
Nov 9th 2016, 13:39 BY R.A. | WASHINGTON Timekeeper FROM late January, Donald Trump will have all the authority of the American executive, and the support of a unified Republican Congress, behind him. He will, therefore, be in a position to deliver profound and lasting change. The near-term economic effect of a Trump presidency is…
Keep an eye on depressed lenders, shadow banks, and China. by Peter Coy, Bloomberg Businessweek, October 20, 2016 Next year ends in a 7. If you’re superstitious or a little loose with statistics, that makes us due for another financial crisis. The biggest one-day stock drop in Wall Street history happened in 1987. The Asian…
by Anders Borg, Chair, World Economic Forum’s Global Financial System Initiative, 6 July 2016 The world after the Brexit referendum is fundamentally different. It will take decades before we will see the full consequences for Great Britain and the European Union. The process of negotiating a way forward for the co-existence of the United Kingdom…
Laura El-Katiri, JULY 06, 2016, https://hbr.org/2016/07/saudi-arabias-labor-market-challenge?utm_source=twitter&utm_medium=social&utm_campaign=harvardbiz Saudi Arabia is in the middle of a major economic transformation, one whose scope and intensity may merit the label “unprecedented.”
By WAYNE COLE, Reuters, July 1, 2016, http://www.gmanetwork.com/news/story/572024/money/economy/asian-factories-struggle-brexit-throws-up-new-threats?utm_source=GMANews&utm_medium=Twitter&utm_campaign=GMANewsTwitter SYDNEY – China’s factories flatlined in June as exports shrank and jobs were cut, a worrying trend evident across Asia that argues for yet more policy stimulus as doubts gather over the potency of measures taken so far.
By Gerardo P. Sicat (The Philippine Star), June 29, 2016, http://www.philstar.com/business/2016/06/29/1597547/brexit-what-it-means-world-and-us An event of seismic proportions happened last week that affects a large part of the developed world, in particular, Europe. It is, however, of little significance for us here in the Philippines – at least as far as immediate influences go.
RUI HAO PUAH, 27 JUN, 2016, http://www.newmandala.org/brexit-means-asean/?platform=hootsuite The split between the UK and EU will have economic, political and psychological repercussions for Southeast Asia. On 23 June, the United Kingdom comprising England, Wales, Scotland and Northern Ireland, voted to leave the European Union. The final result saw 51.9 per cent of voters choosing to leave…
Watch the video here http://www.newsweek.com/what-happens-after-uk-votes-leave-eu-474063?utm_medium=email&utm_source=How-Brexit-Will-Work&utm_campaign=newsweek_email_newsletter
by Jeffrey Sachs, June 25, 2016, https://www.project-syndicate.org/commentary/meaning-of-brexit-by-jeffrey-d-sachs-2016-06 NEW YORK – The Brexit vote was a triple protest: against surging immigration, City of London bankers, and European Union institutions, in that order. It will have major consequences. Donald Trump’s campaign for the US presidency will receive a huge boost, as will other anti-immigrant populist politicians. Moreover,…
Former London Mayor Boris Johnson gets a boost, while big banks face a world of chaos Matthew Campbell and Sofia Horta E Costa, June 24, 2016, http://www.bloomberg.com/news/articles/2016-06-24/revealing-the-biggest-winners-and-losers-from-u-k-vote-to-leave Today’s victory for the Leave campaign in the U.K.’s referendum on European Union membership will roil business, markets and politics. Below is a sampling of some of the…
How to minimise the damage of Britain’s senseless, self-inflicted blow Jun 24th 2016 | From the print edition Timekeeper http://www.economist.com/news/leaders/21701265-how-minimise-damage-britains-senseless-self-inflicted-blow-tragic-split?force=scn/tw/te/pe/ed/atragicsplit HOW quickly the unthinkable became the irreversible. A year ago few people imagined that the legions of Britons who love to whinge about the European Union—silly regulations, bloated budgets and pompous bureaucrats—would actually vote to…
Uncertainty abounds. Expect a global chilling effect on investment Jun 24th 2016, http://www.economist.com/news/finance-and-economics/21701292-uncertainty-abounds-expect-global-chilling-effect-investment-why-brexit?fsrc=scn/tw/te/pe/ed/whybrexitisgrimnewsfortheworldeconomy NIGEL FARAGE, the leader of the UK Independence Party, told elated supporters that June 23rd should go down as Britain’s Independence Day. The reaction in financial markets to Britain’s vote to leave the European Union was rather less euphoric. During the Asian…
Now, like then, a financial crisis has left deep scars by Enda Curran, June 17, 2016, http://www.bloomberg.com/news/articles/2016-06-16/world-economy-flashes-hint-of-1937-38-redux-says-morgan-stanley
Charlotte McDonald-Gibson / Brussels @cmcdonaldgibson June 14, 2016, http://time.com/4367939/brexit-european-union-brussels-june-23/?xid=tcoshare Years and years of negotiations and an uncertain future for the bloc as a whole A sense of denial permeated the corridors of power in Brussels in the weeks before the referendum on British membership of the European Union (EU). Communications staff were even rumored to…
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of Forced Labour and Freedom of Association protocols.
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