Showing 1 - 10 of 1,175
US can't rely on inflation shamanism
News, Published on 23/09/2024
» Google "shamanism" and you will find that it is "a tradition of part-time religious specialists who establish and maintain personalistic relations with specific spirit beings through the use of controlled and culturally scripted altered states of consciousness." Every element of that definition applies to monetary policymaking today, as illustrated by the reaction to the US Federal Reserve's Sept 18 decision to cut the short-term interest rate by 50 basis points.
Zombie banking deepens economic woes
News, Chartchai Parasuk, Published on 19/09/2024
» This is the second of three articles, following the earlier article "Problems with Dr Thaksin's Visions". The series will end with an article titled "Call for a paradigm shift".
Asia's consumer tipping point
Oped, Published on 17/09/2024
» With market turmoil recently capturing headlines, it is easy to lose sight of the long-term forces which have been shaping Asia's development. While Asian markets, especially the Nikkei, experienced sharp losses in recent weeks, a positive tipping point has been reached as well: for the first time ever, over half of Asia's 4.8 billion people are part of the global consumer class, defined by the World Data Lab as those spending more than US$12 (400 baht) per day in purchasing power parity prices.
Sunscreen and our move towards a sun-safe future
Oped, Published on 14/09/2024
» It's April 2000. I'm 14 years old, lying on a beach in the Bahamas, a bottle of SPF 20 at my side. I periodically check to see how my suntan is developing, watching with fascination as my pale white skin turns a deep, chestnut brown. Through the headphones of my Discman, Baz Luhrmann is telling the class of '99 to "trust me on the sunscreen". I nod along to the beat, oblivious to the irony. Luhrmann's caution is ahead of the curve.
Can AI revolutionise prosperity?
Oped, Published on 06/09/2024
» As global economic growth slows, many hope technological innovation is a potential solution. The International Monetary Fund's latest World Economic Outlook, for example, highlighted the potential of artificial intelligence to boost productivity and GDP. But the report also warns that given the uncertainties surrounding the extent of AI's impact, such forecasts should be approached with a dose of caution. While AI could usher in an era of prosperity, this outcome depends on how these emerging technologies evolve.
Unpacking China's global influence
Oped, Vitit Muntarbhorn, Published on 29/08/2024
» Is China an enigma? If it is difficult to decipher the country on some fronts, there are other elements which are more accessible. While it might be easy to look at its impressive growth in recent decades as diverging from other global players in key areas, there are other areas which are mutually convergent. From the multidimensional panorama of a complex world -- the "multiplex" world, a preferred approach is not to generalise too much but to analyse the specifics of our times for possible confluence.
Capital idea, Indonesia. Now for some reality
News, Daniel Moss, Published on 21/08/2024
» Capital cities don't just happen. They develop slowly over decades, perhaps centuries, before resembling their creator's dream -- if they ever do. Indonesia is discovering such massive endeavours are hard work and prone to delays. Economics has an annoying habit of intruding.
Lessons to build a care economy
Oped, Published on 21/08/2024
» As populations age worldwide, the demand for care services is reaching unprecedented levels, presenting complex challenges for all societies, but particularly those in the developed world. This is also true for Uruguay, where the demographic profile is closer to that of North America and Europe than to its regional neighbours.
The US dollar is a problem for everyone
Oped, Published on 20/08/2024
» In 1971, US Treasury Secretary John Connally famously told his counterparts in the G10 that "the dollar is our currency, but it's your problem". Connally was being unexpectedly candid about the fact that, even though the greenback was the world's main reserve currency, its foremost purpose was to advance US interests.
Revamping development strategy
Oped, Peerasit Kamnuansilpa, Published on 17/08/2024
» Thailand's economic trajectory is teetering on the edge of regression, demanding immediate attention. Thailand's growth rates in the first quarter of 2024 fell behind all Asean member countries except Myanmar. These facts cast serious doubts on the efficacy of traditional economic development strategies. The primary goal of enhancing the well-being of Thai citizens is at stake.