Showing 1 - 4 of 4
Will US economic illiteracy trigger a trade war?
News, Jeffrey D Sachs, Published on 24/04/2017
» Nearly 100 days after US President Donald Trump took office, he and his commerce secretary, Wilbur Ross, continue to commit an economic fallacy that first-year economics students learn to avoid. They claim that America's current-account deficit (or trade deficit), which is in fact the result of America's low and falling saving rate, is an indicator of unfair trade practices by Germany and China, two current-account surplus countries. Their embrace of economic ignorance could lead to disaster.
China takes over as new global leader
News, Jeffrey D Sachs, Published on 29/11/2014
» The biggest economic news of the year came almost without notice: China has overtaken the United States as the world's largest economy, according to the scorekeepers at the International Monetary Fund (IMF). And, while China's geopolitical status is rising rapidly, alongside its economic might, the US continues to squander its global leadership, owing to the unchecked greed of its political and economic elites and the self-made trap of perpetual war in the Middle East.
In the sochi ERA, Russia thrives
News, Jeffrey D Sachs, Published on 23/02/2014
» The Winter Olympics in Sochi are the first to be hosted by Russia since the Cold War-era Moscow Summer Games in 1980. Obviously, much has changed politically in the interim. But today's Games create an opportune moment to look back at Russia's recent economic history _ and to peer forward.
World suffering a sustainability crisis
News, Jeffrey D Sachs, Published on 26/04/2012
» The annual spring meetings of the International Monetary Fund and the World Bank have provided a window into two fundamental trends driving global politics and the world economy. Geopolitics is moving decisively away from a world dominated by Europe and the United States to one with many regional powers but no global leader. And a new era of economic instability is at hand, owing as much to physical limits to growth as to financial turmoil.