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The emerging data-driven economy (DDE) promises to intensify the distributional issues that have contributed to disruptive political change in recent years. This raises the question of whether there a solution space in this economy that allows markets to clear and societies to maintain...
Persistent link: https://www.econbiz.de/10012911239
The consensus economic policy framework that evolved in the post-Bretton Woods era and the model of globalization to which it gave rise are in crisis due to political blowback. The framework has guided the system into a solution space that features stagnant growth and persistent deflationary...
Persistent link: https://www.econbiz.de/10012956819
-term economic costs of the invasion include not only the direct war damage in Ukraine and the immediate consequences of the economic … adjustments, including the fall of a new iron curtain on trade and investment between Russia and the EU and the reclassification … by Japan of Russia from “opportunity” to “threat,” which from a trade perspective alone, implies medium-term growth …
Persistent link: https://www.econbiz.de/10014358979
Russia’s invasion of Ukraine has shell-shocked the world. It has monopolized headlines in the print and broadcast media … information space – which is the case, for example, within Russia – social media appears to be a very powerful tool for shaping …
Persistent link: https://www.econbiz.de/10013290261
Russia’s invasion of Ukraine has not only been fought physically but in information space to control the narrative. In … portrays the invasion as a “liberation” and the invaders as “saviours” once the deed is done. This note considers how Russia …’s preparation of the case for its war on Ukraine fits against this template …
Persistent link: https://www.econbiz.de/10013290352
, Russia invaded Ukraine. This came hot on the heels of an accord between China and Russia that recognized each other …’s respective “interests” in Taiwan and (implicitly) Ukraine. This represents an extinction-level event for the incumbent world … has triggered the descent of a new Iron Curtain between Russia and the rest of Europe and increased perception of risk in …
Persistent link: https://www.econbiz.de/10013290934
The accelerated expansion of China’s trade and current account surpluses since 2004, and the associated expansion of China’s foreign exchange reserves in the context of very rapid investment-driven domestic economic growth and adverse movements in China’s terms of trade have led China’s...
Persistent link: https://www.econbiz.de/10014197741
The Asian Crisis was a bout of intense turbulence that swept East Asian emerging markets, starting in mid-1997 and running through most of 1998. During this episode, a group of previously rapidly industrializing economies that had compiled an impressive record of sustained growth, been lauded...
Persistent link: https://www.econbiz.de/10013127702
The idea of an East Asian Economic Zone, while much talked about since the 1980s, showed few signs of becoming a reality as a result of economic diplomacy alone. In 1997, however, international capital markets treated East Asian economies as a distinct region as “contagion” swept from...
Persistent link: https://www.econbiz.de/10013094183
Persistent link: https://www.econbiz.de/10011122993