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The decline of global value chains

For more than a decade, China has been haunted by the prospect of getting stuck at an income level below that of the developed world (the “middle-income trap”). But the country’s economy is well on it ...More

EJ Insight2020-01-03

Make Europe relevant again

It is increasingly clear that the European Union was not built to be a global actor. The EU is a strictly European idea, designed to bring peace and prosperity to a region ravaged by centuries of ince ...More

EJ Insight2019-12-30

Trump will make China great again

Financial markets were cheered recently by the news that the United States and China have reached a “phase one” deal to prevent further escalation of their bilateral trade war. But there is actually v ...More

EJ Insight2019-12-24

承諾不可當真 聚焦政經利益

在決定歐盟成員國資格問題的英國大選舉行前僅僅不到兩周,英吉利海峽兩岸的焦慮情緒均在持續上升。由於民調明確顯示約 ...全文

今日信報EJ GlobalEJ GLOBAL plus 彙編選輯Anatole Kaletsky2019年12月21日

歐盟整軍經武刻不容緩

北約組織雖然曾被多次看扁,但依然存在。不過,又有一隻狐狸走入了雞舍,歐洲就以其典型的方式回應這個危險──憤怒地 ...全文

今日信報EJ GlobalEJ GLOBAL plus 彙編選輯Joschka Fischer2019年12月14日

Is tech a new frontier for sustainability?

Discussions about "sustainability" usually center on a company’s environmental and social commitments, and for understandable reasons. But the financial sector in particular should consider two other, ...More

EJ Insight2019-12-13

Where is the AMR rebellion?

The threat of antimicrobial resistance (AMR) is being overshadowed by the menace of climate change. Though the AMR problem is arguably equal in importance, it has not commanded nearly the same level o ...More

EJ Insight2019-12-11

Government debt is not a free lunch

With interest rates on government debt at multi-decade lows, a number of leading economists have argued that almost every advanced economy can allow debt to drift up toward Japanese levels (over 150 p ...More

EJ Insight2019-12-09

Measuring growth democratically

Abhijit Banerjee and Esther Duflo, two of this year’s recipients of the Nobel Memorial Prize in Economic Sciences, are the latest among leading economists to remind us that gross domestic product is a ...More

EJ Insight2019-12-09

監管制度歐緊美鬆 英倫艱難抉擇

假設英國脫離歐盟,那麼下一屆政府就需要開始漫長而艱辛的談判,來與其他國家和地區建立新關係。英國將面臨一些艱難抉 ...全文

今日信報EJ GlobalEJ GLOBAL plus 彙編選輯Ngaire Woods2019年12月07日

What’s behind the crisis of democracy?

There is no longer any denying that democracy is at risk worldwide. Many people doubt that democracy is working for them, or that it is working properly at all. Elections don’t seem to yield real-worl ...More

EJ Insight2019-12-05

The billionaire problem

Our billionaire problem is getting worse. Any market-oriented economy creates opportunities for new fortunes to be built, including through innovation. More innovation is likely to take place where fe ...More

EJ Insight2019-12-02

Climate adaptation now

As world leaders gather in Madrid for the United Nations Climate Change Conference (COP25), they must address more than future targets for reducing greenhouse-gas emissions. They must also address the ...More

EJ Insight2019-11-29

The case for old-fashioned tariff cuts

The "bicycle theory" used to be a metaphor for international trade policy. Just as standing still on a bicycle is not an option – one must keep moving forward or else fall over – so it was said that t ...More

EJ Insight2019-11-28

Can Hong Kong avoid tragedy?

Nearly six months after they began, the protests in our city have reached fever pitch. On one particularly devastating day earlier this month, police fired more than 1,500 rounds of tear gas, a police ...More

EJ Insight2019-11-27

What next for unconventional monetary policies?

The Bank for International Settlements (BIS), the central bankers’ club in Basel, Switzerland, recently conducted an in-depth evaluation of the unconventional monetary policies that have become the no ...More

EJ Insight2019-11-21

Why financial markets’ new exuberance is irrational

This past May and August, escalations in the trade and technology conflict between the United States and China rattled stock markets and pushed bond yields to historic lows. But that was then: since t ...More

EJ Insight2019-11-21

Green markets for equitable growth

The climate crisis and the 2008 financial crisis are two sides of the same coin. Both were born of the same toxic feature of the world’s prevailing economic model: the practice of discounting the futu ...More

EJ Insight2019-11-15

A living wage for capitalism

At 3.6 percent, unemployment in the United States remains near its lowest level since the late 1960s. There are even signs that people who had previously dropped out of the labor force are being attra ...More

EJ Insight2019-11-15

The high stakes of the coming digital currency war

Facebook CEO Mark Zuckerberg was at least half right when he recently told the United States Congress that there is no US monopoly on regulation of next-generation payments technology. You may not lik ...More

EJ Insight2019-11-12

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