US President Donald Trump’s first major legislative goal – to “repeal and replace” the 2010 Affordable Care Act (“Obamacare”) – has already imploded, owing to Trump and congressional Republicans’ naiv ...More
EJ Insight2017-04-11
美國也許即將開始實施邊境調節稅。目前控制立法和行政機關的共和黨將邊境調節稅視為公司稅改革的重要要素。邊境調節稅 ...全文
名家論壇Project Syndicate2017年03月06日
The United States may be about to implement a border adjustment tax. The Republican Party, now in control of the legislative and executive branches, views a BAT – which would effectively subsidize US ...More
EJ Insight2017-03-06
Donald Trump’s election as US president does not just represent a mounting populist backlash against globalization. It may also portend the end of Pax Americana – the international order of free excha ...More
EJ Insight2017-01-03
The market reaction to the Brexit shock has been mild compared with two other recent episodes of global financial volatility -- the summer of 2015 (after fears of a Chinese hard landing) and the first ...More
EJ Insight2016-08-02
The United Kingdom’s narrow vote to leave the European Union had specific British causes. And yet, it is also the proverbial canary in the coalmine, signaling a broad populist/nationalist backlash -- ...More
EJ Insight2016-07-05
Since the global financial crisis erupted in 2008, productivity growth in three advanced economies -- the United States, Europe, and Japan -- has been very slow both in absolute terms and relative to ...More
EJ Insight2016-06-06
The International Monetary Fund and others have recently revised downward their forecasts for global growth -- yet again. Little wonder: The world economy has few bright spots and many that are dimmin ...More
EJ Insight2016-05-03
The question I am asked most often nowadays is this: Are we back to 2008 and another global financial crisis and recession? My answer is a straightforward no, but that the recent episode of global fin ...More
EJ Insight2016-03-07
At the cusp of the new year, we face a world in which geopolitical and geo-economic risks are multiplying. Most of the Middle East is ablaze, stoking speculation that a long Sunni-Shi'ite war (like Eu ...More
EJ Insight2016-01-05
This is shaping up to be another banner year for art. Sales in the global art market hit a record €51 billion (HK$427 billion), according to this year's European Fine Art Foundation Art Market Report. ...More
EJ Insight2015-11-18
Even in normal times, individual and institutional investors alike have a hard time figuring out where to invest and in what. Should one invest more in advanced or emerging economies? And which ones? ...More
EJ Insight2015-07-28
The prospect that the US Federal Reserve will start exiting zero policy rates later this year has fueled a growing fear of renewed volatility in emerging economies’ currency, bond and stock markets. T ...More
EJ Insight2015-06-30
A paradox has emerged in the financial markets of the advanced economies since the 2008 global financial crisis. Unconventional monetary policies have created a massive overhang of liquidity. But a se ...More
EJ Insight2015-06-01
In a world of weak domestic demand in many advanced economies and emerging markets, policymakers have been tempted to boost economic growth and employment by going for export led-growth. This requires ...More
EJ Insight2015-05-04
The latest economic data from the eurozone suggest that recovery may be at hand. What is driving the upturn? What obstacles does it face? And what can be done to sustain it? The immediate causes of re ...More
EJ Insight2015-04-02
Monetary policy has become increasingly unconventional in the past six years, with central banks implementing zero interest rate policies, quantitative easing, credit easing, forward guidance and unli ...More
EJ Insight2015-03-02
Premier Li Keqiang had sought to shore up confidence over the Chinese economy when he addressed global business leaders at the World Economic Forum in Davos last week. But what are the actual prospect ...More
EJ Insight2015-01-28
Technology innovators and CEOs seem positively giddy nowadays about what the future will bring. New manufacturing technologies have generated feverish excitement about what some see as a Third Industr ...More
EJ Insight2015-01-02
The global economy is like a jetliner that needs all of its engines operational to take off and steer clear of clouds and storms. Unfortunately, only one of its four engines is functioning properly: t ...More
EJ Insight2014-11-11
