Emerging markets encouraged to defend globalization
7 years, 10 months ago

Emerging markets encouraged to defend globalization

China Daily  

A ship loads containers at a terminal in Qingdao, Shandong province. While many of the world’s major economies are today turning inward, the future of globalization depends on whether those emerging markets, like China, can lead it onto a more inclusive path. The movement of goods, services, finance, data, and people, across borders, adds to gross domestic product and fuels productivity growth in many developing countries. A wave of wrong-headed protectionism could have damaging consequences in a world still struggling to jumpstart growth, and this scenario poses serious economic and social risks for themselves and other countries. Given the immensity of its own potential data sets, sharing more of China’s own information with the world could also contribute to global growth.

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History of this topic

Chinadaily.com.cn
3 months, 2 weeks ago

Chinadaily.com.cn

China Daily  

Uncertainty in the global economic outlook has put a brake on the engine of global growth and led to the rise of statism For more than a decade, elections taking place in the world's major countries, such as the United States, have not only intensified political divisions, but also increased their external influence. The global economic circulation driven by global …

Kaushik Basu: Future generations would be aghast at today’s inequality
7 months, 4 weeks ago

Kaushik Basu: Future generations would be aghast at today’s inequality

Live Mint  

While there are many ways to measure economic inequality, key metrics consistently show that disparities are getting worse. As technological advances like artificial intelligence reduce demand for human labour, working-class households around the world could become increasingly impoverished. By enabling a few wealthy individuals to wield disproportionate influence, today’s global economy increasingly marginalizes and disenfranchises much of the world’s population, …

Globalization not reversed
1 year, 1 month ago

Globalization not reversed

China Daily  

TONG JIAHANG/FOR CHINA DAILY The resilience from developing countries' opening-up has become a critical force for resisting rather than driving the anti-globalization movement by some developed nations Since the turn of the century, rising globalization and inequality have fueled anti-globalization sentiments. To start with, participating in global value chains has reduced developing countries' domestic income inequality. Global value chain participation …

The world must fight inequality to safeguard ideals of democracy
1 year, 5 months ago

The world must fight inequality to safeguard ideals of democracy

Live Mint  

In these tumultuous times, it often feels like one shock quickly eclipses another. While determining the causes of this shift will undoubtedly take some time, one could argue that the rapid advance of digital technologies, unchecked globalization and rising inequality have transformed our political and economic systems, fuelling sociopolitical unrest. But the data clearly show that economic disparities have reached …

China's economic evolution: Navigating challenges
1 year, 6 months ago

China's economic evolution: Navigating challenges

Hindustan Times  

China's economic landscape is currently undergoing a profound transformation, marked by a series of challenges that have far-reaching implications for both the nation and the global economy. China's current economic challenges draw comparisons to Japan's 1990s struggles, marked by deflation, stagnant growth, asset bubbles, and structural issues. China's economic slowdown is challenging the International Monetary Fund's projection that the nation …

Does globalization have to mean massive inequality? Maybe not — there's a better way
6 years, 10 months ago

Does globalization have to mean massive inequality? Maybe not — there's a better way

Salon  

If globalization remains a nebulous concept, its negative repercussions may today seem more plain than ever. For instance, when comparing changes in equality in the U.S. and Europe since 1980, the United States’ comparatively much larger increase in inequality can be traced to America’s decisions in key policy areas concerning inequality – the undermining of the income tax, the cost …

Rising incomes, falling wages
7 years, 2 months ago

Rising incomes, falling wages

The Hindu  

IT seems that everyone loves to talk about inequality, and how much they dislike it. It has also been argued that assessments of total global wealth, and comparative statements about shares of different groups such as the top 1 per cent and the bottom half of the global population, which include negative net wealth positions of the poor, may mislead …

Emerging markets encouraged to defend globalization
7 years, 10 months ago

Emerging markets encouraged to defend globalization

China Daily  

A ship loads containers at a terminal in Qingdao, Shandong province. While many of the world’s major economies are today turning inward, the future of globalization depends on whether those emerging markets, like China, can lead it onto a more inclusive path. The movement of goods, services, finance, data, and people, across borders, adds to gross domestic product and fuels …

Work together to advance economic globalization[1]- Chinadaily.com.cn
8 years ago

Work together to advance economic globalization[1]- Chinadaily.com.cn

China Daily  

Vice-Premier Zhang Gaoli delivers the speech at the Boao Forum on March 25. Editor's note: Following is an English version of the full text of the keynote speech by Chinese Vice-Premier ZhangGaoli at the opening plenary of the Boao Forum for Asia Annual Conference 2017 on March 25: Work Together to Advance Economic Globalization and Create a Better Future for …

China and the challenges of globalization[2]- Chinadaily.com.cn
8 years, 2 months ago

China and the challenges of globalization[2]- Chinadaily.com.cn

China Daily  

While protectionism in the form of tariffs or other disincentives to manufacture abroad can seem to provide or protect domestic jobs, it is at best a short-term fix. The problem is that, over time, in an interconnected world, protectionism sub-optimizes economic growth and undermines a country’s relative capacity to build national wealth. While China has now become less dependent on …

The unequal gains of globalization
8 years, 5 months ago

The unequal gains of globalization

Live Mint  

For many years, the global South has been the key battleground for anti-globalization activists who have campaigned to stall the forces of globalization in developing economies. The RIETI study shows that the emergence of global value chains has benefited firms and workers in emerging economies such as China and India, while those in advanced economies have lost out. Using this …

Global income inequality is indeed falling - but we should still be wary
9 years, 2 months ago

Global income inequality is indeed falling - but we should still be wary

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Nevertheless, the best global income estimates …

Power shift will fuel IMF restructuring[1]- Chinadaily.com.cn
10 years, 11 months ago

Power shift will fuel IMF restructuring[1]- Chinadaily.com.cn

China Daily  

As China has started to fulfill its economic potential of the past 20 years, it has become one of the key global economic players. It is unsurprising then that the International Monetary Fund predicts that by 2020 the emerging countries, of which China is easily the largest, will contribute almost the same to global growth as the advanced global economies, …

Reduce inequality to sustain economic growth
11 years ago

Reduce inequality to sustain economic growth

China Daily  

Three decades of high economic growth in China have served to lift millions of people out of poverty. In China, improving the relative standing of the poor, who need to boost basic consumption, would also aid the government's objective of increasing domestic demand. Yet, government spending on education and health as a share of gross domestic product in Asia is …

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