global economy

If They Cut The Undersea Cables That Connect Us To The Internet, Will It Crash The Global Economy?

The U.S. is accusing Russia of preparing to cut undersea cables which carry Internet traffic all over the world, and Russia is accusing western powers of preparing to do the exact same thing.  In some cases, these undersea cables literally stretch from one continent to another, and so it is impossible to guard them.  That …




global economy

Trade Wars: Impact on the Global Economy

Introduction to Trade Wars Trade wars have become an increasingly prominent feature of the global economy in recent years, as countries impose tariffs and other trade barriers in an effort to protect domestic industries. While these measures are often intended to boost economic growth by shielding local businesses from foreign competition, they can have far-reaching ... Read more




global economy

How Reshoring Is Reshaping the Global Economy

RobobAI founder & CEO Julian Harris outlines benefits of the trend for global business




global economy

Creon Butler appointed to lead Global Economy and Finance Programme

Creon Butler appointed to lead Global Economy and Finance Programme News Release sysadmin 22 October 2019

Creon Butler has been appointed to lead the Global Economy and Finance programme at Chatham House, joining the institute at the beginning of December. He will also form part of the institute’s senior leadership team.




global economy

Ramsey Taxation in the Global Economy [electronic journal].




global economy

Chinese Financial Conditions and their Spillovers to the Global Economy and Markets [electronic journal].




global economy

China slowdown ‘a significant risk’ for global economy

There has been a sharp contraction in China’s imports over the past year




global economy

A win that will affect the global economy

Trump’s victory could mean a multiplicity of shifts for several key economies




global economy

New virus outbreaks hamper efforts to reopen global economy

Europe’s cautious steps tempered by fresh infections in South Korea, Germany and China




global economy

Why the global economy will not affect India

Nov. 14 - Tulsi Tanti, the chairman and managing director of Suzlon Energy, sits down with Chrystia Freeland to discuss the global economy and how India will not be affected like European countries have been.




global economy

Can better international co-operation help build a fairer global economy?

Drawing on data presented in the 2017 OECD Business and Finance Outlook, this article looks at some of the forces influencing recent economic developments and asks what can be done to ensure a “fairer” global economy.




global economy

Can better international co-operation help build a fairer global economy?

Drawing on data presented in the 2017 OECD Business and Finance Outlook, this article looks at some of the forces influencing recent economic developments and asks what can be done to ensure a “fairer” global economy.




global economy

Decarbonising the global economy: The direction of travel after COP21 - Live video

The IEA is pleased to announce the second event in its new distinguished speaker series, Big IdEAs, which brings global leaders and decision makers to the IEA to share their views on a range of global issues. On Friday 29 January starting at 11h30, Professor Sir David King, the UK Foreign Secretary’s Special Representative for Climate Change, will speak on "Towards decarbonising the global economy".




global economy

Global economy is improving but Europe lags behind, says OECD

Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery, the OECD said in its latest Interim Economic Assessment.




global economy

Shaping the post-crisis global economy

There is no simple remedy for fixing the post-crisis global economy. But three key ingredients for sustainable long-term growth are jobs, equality and trust, said OECD Secretary-General in Washington.




global economy

The global economy: strengthening growth and job creation - Statement at G20 Leader's Summit

Statement made by the Secretary-General during session 1 of the Leader's Summit in Brisbane.




global economy

Reform services trade policies to boost the global economy, OECD says

Better services trade policy can stimulate inclusive economic growth by promoting access to the information, skills, technology, funding and markets needed for success in an increasingly digital global economy, according to a new OECD report.




global economy

Can better international co-operation help build a fairer global economy?

Drawing on data presented in the 2017 OECD Business and Finance Outlook, this article looks at some of the forces influencing recent economic developments and asks what can be done to ensure a “fairer” global economy.




global economy

HSBC profits halved as coronavirus batters global economy




global economy

Ashton Whiteley: Global Economy to Expand in 2018

Ashton Whiteley: Growing inflation and strong recovery in developed economies could spell good news for global economy.




global economy

Cross-Culture Work in a Global Economy

Erin Meyer, affiliate professor at INSEAD and author of "The Culture Map," on why memorizing a list of etiquette rules doesn't work.




global economy

Tech giants are profiting — and getting more powerful — even as the global economy tanks


As the pandemic wreaks havoc on the economy, tech giants Facebook, Amazon, Apple and Microsoft are benefiting enormously from a potentially permanent shift in consumer habits, leveraging their political clout by arguing that they are essential services, and gutting their competition.




global economy

Tech giants are profiting — and getting more powerful — even as the global economy tanks


As the pandemic wreaks havoc on the economy, tech giants Facebook, Amazon, Apple and Microsoft are benefiting enormously from a potentially permanent shift in consumer habits, leveraging their political clout by arguing that they are essential services, and gutting their competition.




global economy

Where to for the global economy, and pandemic politics for the US and China

Some pundits say capitalism can never recover from Covid-19, and there will need to be bigger government. Others say the future economic recovery rests with the business sector. Guests: Adam Tooze Historian of economic crises Professor of History and Director of the European Institute at Columbia University Rana Foroohar Global economic analyst with CNN, and global business columnist with The Financial Times Percy Allan Economist, and former Secretary of NSW Treasury Public sector advisor Professor at the Institute of Public Policy and Management, UTS and The global pandemic has been revealing in many ways in how people, countries and governments manage the situation. But what is it saying about the two major superpowers, the US and China? And where does that leave Australia, a question which has been on the minds of foreign policy experts for some time; now many of them feel its time has come. Guests: John Prideux, US editor The Economist and host of the podcast, Checks and Balance. Richard McGregor, senior fellow at the Lowy Institute, author of numerous books on East Asia, his latest is Xi Jinping; The Backlash Allan Gyngell, National president of the Australian Institute of International Affairs and host of podcast Australia in the World.




global economy

Which way ahead for the global economy

Some pundits say capitalism can never recover from Covid-19, and there will need to be bigger government. Others say the future economic recovery rests with the business sector.




global economy

The new global economy: What will it look like?

View this recorded presentation and learn about the strategies that IBM thinks midsized organizations should implement to survive the current economic crisis.




global economy

George Soros' chilling global economy warning exposed: 'As serious as I’ve experienced'



GEORGE SOROS made a chilling warning about the state of global markets in 2012 that has fresh relevance today as world leaders grapple with the unprecedented challenge of rebuilding the post-coronavirus economy.




global economy

George Soros' chilling global economy warning exposed: 'As serious as I’ve experienced'



GEORGE SOROS made a chilling warning about the state of global markets in 2012 that has fresh relevance today as world leaders grapple with the unprecedented challenge of rebuilding the post-coronavirus economy.




global economy

Creon Butler appointed to lead Global Economy and Finance Programme

22 October 2019

Creon Butler has been appointed to lead the Global Economy and Finance programme at Chatham House, joining the institute at the beginning of December. He will also form part of the institute’s senior leadership team.

Creon will join Chatham House from the Cabinet Office where he served as director for international economic affairs in the National Security Secretariat and G7/G20 ‘sous sherpa’, advising on global policy issues such as climate change, natural resource security, global health threats and the future of the international economic architecture.

Creon first joined the Cabinet Office in 2013 as director in the European and Global Issues Secretariat, advising prime minister David Cameron on international economic and financial issues, ranging from country-specific developments in China and Germany to global challenges such as antimicrobial resistance and anticorruption.  He designed and organized the UK’s global Anti-Corruption Summit in May 2016.  Earlier in his career, he served in the Bank of England, HM Treasury and in the Foreign and Commonwealth Office, where he was director for economic policy and chief economic adviser.  He was also deputy high commissioner in New Delhi from 2006 to 2009.

Robin Niblett, director of Chatham House, said: 'We are delighted that Creon Butler will join Chatham House at such an important moment, when geoeconomic competition and technological disruption are changing the structure of the global economy, and as governments and societies across the world must develop more sustainable pathways to economic growth. Creon brings precisely the right combination of knowledge and experience to enable Chatham House to conceive inclusive solutions for the future.'

Creon Butler said: “Chatham House’s high quality, independent and focused policy research has never been more important in helping policy makers to chart the best path given today’s extraordinary economic and political uncertainties. I am very pleased to have the opportunity to lead the institute’s Global Economy and Finance programme at this critical time.'

 




global economy

Transatlantic Economic Cooperation and the Global Economy

Members Event

13 February 2015 - 1:00pm to 2:00pm

Chatham House, London

Event participants

Caroline Atkinson, Deputy Assistant to President Obama and Deputy National Security Advisor for International Economics
Chair: Sebastian Mallaby, Paul A. Volcker Senior Fellow in International Economics, The Council on Foreign Relations

The speaker will outline the importance of economic cooperation in the transatlantic relationship and consider recent developments in the global economy.

Members Events Team




global economy

Webinar: The Global Economy after COVID-19

Members Event

20 April 2020 - 6:00pm to 7:00pm

Online

Event participants

The Rt Hon Philip Hammond, Chancellor of the Exchequer (2016-19)
Chair: Dr Robin Niblett, Director and Chief Executive, Chatham House
 

As the coronavirus pandemic continues to expand and claim lives across the globe, the OECD has warned that the economic shock it has caused has already surpassed that of the financial crisis of 2007/8.

With strict social distancing measures imposing an enormous cost on world economies, governments are faced with the difficult task of determining how best to design policy response with a view of saving lives and minimizing economic loss alike. 

Against this backdrop, former UK chancellor of the exchequer Philip Hammond considers the economic implications for a world that has practically ground to a halt and provide his reflections on the future of the global economy.

Members Events Team




global economy

Webinar: The Opportunity of Crisis? Transitioning to a Sustainable Global Economy

Corporate Members Event Webinar

22 April 2020 - 1:00pm to 1:45pm

Event participants

Professor Tim Benton, Research Director, Emerging Risks and Director, Energy, Environment and Resources Programme, Chatham House

Creon Butler, Research Director, Trade, Investment & New Governance Models; Director, Global Economy and Finance Programme, Chatham House

Elsa Palanza, Managing Director, Global Head of Sustainability and ESG, Barclays

Chair: Laura Wellesley, Research Fellow, Energy, Environment and Resources Programme, Chatham House

With the Asian Development Bank estimating that the COVID-19 outbreak’s global cost could reach $4.1 trillion and the OECD warning that the shock caused by the pandemic is already greater than the financial crisis of 2007, the global economic impact of the health emergency is not only vast but also unpredictable. The disruption to a number of industries and sectors including, but not limited to, the airline and energy industries, could result in long-term damage to global trade flows, supply and demand. But does the pandemic also present an opportunity to build sustainable economies that can cope with such threats?

This panel will explore the ways in which the coronavirus outbreak has highlighted vulnerabilities in global systems and what this might mean for a transition towards a sustainable economy. How do we explain the failure of businesses and governments to prepare for systemic shocks and the lack of resilience in global structures and models? How should governments prepare to reshape policy, business practices and societal behaviour to better tackle climate change while addressing the current emergency? And might the emergency offer opportunities to kick start a sustainable path towards a greener future?

This event is part of a fortnightly series of 'Business in Focus' webinars reflecting on the impact of COVID-19 on areas of particular professional interest for our corporate members and giving circles.

Not a corporate member? Find out more.




global economy

Webinar: The Global Economy after COVID-19

Members Event

20 April 2020 - 6:00pm to 7:00pm

Online

Event participants

The Rt Hon Philip Hammond, Chancellor of the Exchequer (2016-19)
Chair: Dr Robin Niblett, Director and Chief Executive, Chatham House
 

As the coronavirus pandemic continues to expand and claim lives across the globe, the OECD has warned that the economic shock it has caused has already surpassed that of the financial crisis of 2007/8.

With strict social distancing measures imposing an enormous cost on world economies, governments are faced with the difficult task of determining how best to design policy response with a view of saving lives and minimizing economic loss alike. 

Against this backdrop, former UK chancellor of the exchequer Philip Hammond considers the economic implications for a world that has practically ground to a halt and provide his reflections on the future of the global economy.

Members Events Team




global economy

Webinar: The Opportunity of Crisis? Transitioning to a Sustainable Global Economy

Corporate Members Event Webinar

22 April 2020 - 1:00pm to 1:45pm

Event participants

Professor Tim Benton, Research Director, Emerging Risks and Director, Energy, Environment and Resources Programme, Chatham House

Creon Butler, Research Director, Trade, Investment & New Governance Models; Director, Global Economy and Finance Programme, Chatham House

Elsa Palanza, Managing Director, Global Head of Sustainability and ESG, Barclays

Chair: Laura Wellesley, Research Fellow, Energy, Environment and Resources Programme, Chatham House

With the Asian Development Bank estimating that the COVID-19 outbreak’s global cost could reach $4.1 trillion and the OECD warning that the shock caused by the pandemic is already greater than the financial crisis of 2007, the global economic impact of the health emergency is not only vast but also unpredictable. The disruption to a number of industries and sectors including, but not limited to, the airline and energy industries, could result in long-term damage to global trade flows, supply and demand. But does the pandemic also present an opportunity to build sustainable economies that can cope with such threats?

This panel will explore the ways in which the coronavirus outbreak has highlighted vulnerabilities in global systems and what this might mean for a transition towards a sustainable economy. How do we explain the failure of businesses and governments to prepare for systemic shocks and the lack of resilience in global structures and models? How should governments prepare to reshape policy, business practices and societal behaviour to better tackle climate change while addressing the current emergency? And might the emergency offer opportunities to kick start a sustainable path towards a greener future?

This event is part of a fortnightly series of 'Business in Focus' webinars reflecting on the impact of COVID-19 on areas of particular professional interest for our corporate members and giving circles.

Not a corporate member? Find out more.




global economy

What coronavirus means for the global economy | Ray Dalio

"I'm a capitalist. I believe in the system. I believe you can increase the size of the pie and you could divide it well," says Ray Dalio, founder of Bridgewater Associates. He offers wide-ranging insight and advice on how we might recover from the global economic fallout of the coronavirus crisis -- and use it as an opportunity to reform the systems that help grow our economy. (This virtual conversation is part of the TED Connects series, hosted by head of TED Chris Anderson and business curator Corey Hajim. Recorded April 8, 2020)




global economy

Fin24.com | JSE erases earlier gains as global economy exhibits more strain

The local bourse had managed to open firmer following a rally in Asian stocks in earlier trading.




global economy

Global warming: De-carbonising global economy to avert climate change

The advantage of Economic Decarbonisation is that it intertwines with the modernization of all industries. Excessive dependence on fossil fuels does more damage than good, it may guarantee temporary energy security but the side-effects are way too disastrous to continue using this as ‘energy- steroids’.




global economy

Bribery sucks up USD 2.0 trillion annually from global economy

Bribery sucks up USD 2.0 trillion annually from global economy says IMF




global economy

Future of Our Global Economy: The Beginning of De-Globalization

The corona crisis is changing the global economy. Production security is growing more important than efficiency. Here is what that might look like.




global economy

What China’s food safety challenges mean for consumers, regulators, and the global economy

China’s food safety woes are well-known. Addressing food safety concerns can be seen part and parcel of China’s needed transition toward a consumer-oriented economy, which is even more imperative now that the country’s GDP growth is slowing from historic rates. Boosting consumer confidence is an essential piece of that puzzle for China—and by extension, a factor for global economic stability.

      
 
 




global economy

Treasury Undersecretary Nathan Sheets: Global Economy Falls Short of Aspirations


“Although we are seeing a strengthening recovery in the United States, the overall performance of the global economy continues to fall short of aspirations,” said Treasury Undersecretary for International Affairs Nathan Sheets to a Brookings audience yesterday. In the event, hosted by the Global Economy and Development program and the Economic Studies program at Brookings, Undersecretary Sheets described six “pillars” that form his offices “core policy agenda for the years ahead” to support “a growing and vibrant U.S. economy.”

  1. Strengthening and rebalancing global growth. Undersecretary Sheets noted the “persistent and deeper asymmetry in the international economic landscape,” and called for policymakers to “work together toward mutually beneficial growth strategies” such as boosting demand.
  2. Deepening engagement with emerging-market giants, such as China, India, Mexico, and Brazil. On India, for example, the undersecretary noted that “faster growth, deeper financial markets, and greater openness to trade and foreign investment promise to raise incomes, reduce poverty, and bring many more Indians into the global middle class.”
  3. Framing a resilient global financial system. “To be sustained,” he said, “growth must be built on a resilient financial foundation.” (See also Federal Reserve Governor Lael Brainard’s remarks yesterday on the Fed’s role in financial stability.)
  4. Enhancing access to capital in developing countries. “Expanding access to financial services for the over 2 billion unbanked people in the world promises to open new possibilities as the financial wherewithal in these populations grows,” he said.
  5. Promoting open trade and investment. Undersecretary Sheets explained that “Increased U.S. access to foreign markets, and the consequent rise in exports of our goods and services, is an important source of job creation in the United States.” He described current trade priorities, including the Trans-Pacific Partnership (TPP), the Transatlantic Trade and Investment Partnership (TTIP), the Information Technology Agreement (ITA) concerning China, and the Trade Facilitation Agreement (TFA) concerning India.
  6. Enhancing U.S. leadership in the IMF. Undersecretary Sheets said that Treasury and the Obama administration “are firmly committed to securing approval for the 2010 IMF quota and governance reforms.” Citing the widespread support already in place for these policies, Sheets argued that “without these reforms, emerging economies may well look outside the IMF and the international economic system we helped design, potentially undermining the Fund’s ability to serve as a first responder for financial crises around the world, and also our national security and economic well-being.” He also called on the Senate to confirm six administration nominees as executive directors or alternate executive directors at the IMF and multilateral development banks.

Watch the video here:

 

Get a transcript of Undersecretary Sheets’ prepared remarks here.

Brookings expert Donald Kohn, the Robert S. Kerr Senior Fellow, moderated the discussion. The speaker was introduced by Senior Fellow Amar Bhattacharya.

Authors

  • Fred Dews
Image Source: Paul Morigi
     
 
 




global economy

Competitiveness and inclusion in the global economy: A Q&A with San Antonio Mayor Ivy Taylor

I recently moderated a panel on metropolitan competitiveness and inclusion in the global economy, and was struck by these panelists’ resolve to promote the twin aims of competitiveness and inclusion through public-private collaborations.San Antonio Mayor Ivy Taylor was also slated to join, but due to severe weather, she was unable to leave her home state. Afterwards, I had the chance to ask Mayor Taylor about her vision for an inclusive, internationally-competitive San Antonio. Below is an edited version of our conversation.

       
 
 




global economy

Emerging Nations and the Evolving Global Economy

On May 2, the Center on the United States and Europe at Brookings (CUSE) hosted Kaushik Basu for the ninth annual Sakıp Sabancı Lecture. In his address, Basu discussed the persisting global economic crisis and the policy challenges facing emerging countries. Kaushik Basu is senior vice president (Development Economics) and chief economist of the…

       




global economy

Multinational corporations in a changing global economy: Opportunities and challenges for workers, firms, communities and governments

As policymakers in the United States consider strategies to stimulate economic growth, bolster employment and wages, reduce inequality, and stabilize federal government finances, many express concerns about the role of US multinational corporations and globalization more generally.  Despite a significant body of work, the research community cannot yet fully explain and coherently articulate the roles…

       




global economy

How might COVID-19 affect the global economy?

As COVID-19 continues to spread around the world, Warwick J. McKibbin joined us from his home in Australia to discuss how the novel coronavirus may disrupt the global economy. McKibbin, a nonresident senior fellow at Brookings, authored a recent report outlining seven different scenarios of how COVID-19 might evolve and the implications each scenario would…

       




global economy

Managing Transitions in Northeast Asia, the Global Economy, and Japan-U.S. Relations


Event Information

November 28, 2012
9:00 AM - 3:30 PM EST

Keidanren Conference Hall

Tokyo, Japan

Northeast Asia has seen significant leadership changes in recent months, with the election of Park Geun-hye as president of South Korea, Xi Jinping as leader of China’s ruling Communist Party, and Shinzo Abe as prime minister of Japan. As leaders of world-leading economies, these key players will no doubt bring about dynamic change in the region’s politics and economy, while balancing relations with the United States and its own newly re-elected president.

On November 28, 2012, the Center for Northeast Asian Studies (CNAPS) at Brookings, the Japan Center for Economic Research, and Nikkei held a one-day conference on “Managing Transitions in Northeast Asia, the Global Economy, and Japan-U.S. Relations.” Three panels, featuring Brookings scholars as well leading experts from across Asia, provided their views on issues of profound importance to the Northeast Asian region including leadership transitions, global economy and trade, global governance, and U.S.-Japan relations in the 21st Century.

Audio

      
 
 




global economy

A social distancing reading list from Brookings Global Economy and Development

During this unusual time of flexible schedules and more time at home, many of us may have increased opportunities for long-form reading. Below, the scholars and staff from the Global Economy and Development program at Brookings offer their recommendations for books to read during this time. Max Bouchet recommends The Nation City: Why Mayors Are…

       




global economy

A social distancing reading list from Brookings Global Economy and Development

During this unusual time of flexible schedules and more time at home, many of us may have increased opportunities for long-form reading. Below, the scholars and staff from the Global Economy and Development program at Brookings offer their recommendations for books to read during this time. Max Bouchet recommends The Nation City: Why Mayors Are…

       




global economy

Global Economy Expanded More Slowly Than Expected in 2011

Without a more comprehensive vision of economic health and better ways to measure it, we are flying blind on a path to economic decline and collapse.




global economy

G20 Leaders’ Summit: Growth and Global Economy

Building an international tax system that is transparent, efficient and fair, will serve our economies, our governments and our citizens, said OECD Secretary-General at the G20 summit in St. Petersburg.