Category: International
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Opinion: Sri Lanka’s plight serves as a lesson to other
Anne Krueger, a former World Bank chief economist and former first deputy managing director of the International Monetary Fund, is senior research professor of International Economics at the Johns Hopkins University School of Advanced International Studies and Senior Fellow at the Center for International Development at Stanford University. A tragedy is unfolding in Sri Lanka.…
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Charting the Global Economy: GDP Declines in US, Rises in
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Major economies diverged in the most-recent quarter, underscored by a second-straight decline in US gross domestic product while results for the euro-zone shocked to the upside. Consumer spending in the US slowed in the April-June period, while Germany’s economy failed to…
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Taiwan has leverage in U.S.-China standoff: semiconductors
House Speaker Nancy Pelosi is reportedly planning on visiting Taiwan on Tuesday, though her office hasn’t confirmed it. China isn’t too happy about Pelosi’s expected visit — remember, the Chinese Communist Party has basically considered Taiwan a missing piece of the People’s Republic since the island broke away in 1949. Chinese President Xi Jinping is…
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Global Economic Growth Slows Amid Gloomy and More Uncertain
By Pierre-Olivier Gourinchas عربي, 中文, Español, Français, 日本語, Português, Русский The world’s three largest economies are stalling, with important consequences for the global outlook. Inflation is a major concern. The global economy, still reeling from the pandemic and Russia’s invasion of Ukraine, is facing an increasingly gloomy and uncertain outlook. Many of the downside risks…
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What Is Political Economy Theory?
The political economy theory (PET) known as an amalgam of different social and economic sciences. It doesn’ts solely interpret economy as means of money flow but also looks for its dynamic relation between government,citizens and policies. Political scientists and also economists explore how defined economic systems (known as capitalism, liberalism, communism etc.) implemented in actual…
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Far from Putin’s claims of resilience, Russian economy is
Media reports trumpeting the resilience of the Russian economy in the face of the international response to its invasion of neighboring Ukraine are based on misunderstandings that don’t reflect what’s happening on the ground, according to a new paper from the Yale School of Management. The report, called “Business retreats and sanctions are crippling the…
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