An economist’s Mein Kampf

This article, published in October 1991, accurately predicted that ‘shock therapy’ recommended for Russia by Western economic institutions, and supported by 95% of Western economists, would lead to economic catastrophe in Russia – pushing its economy backwards towards becoming a raw material producing appendage of the West. Determination that China should avoid any such economic catastrophe…

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Europe’s crisis & the Euro – predicted in advance

IntroductionThe following article, published in September 1996, that is prior to the creation of the Euro, accurately predicted in advance from fundamental economic theory the basic contradictions in the way the Euro was created and the crisis it would lead to in Europe. It predicted: ‘The proposal to create a single European currency, through the methods…

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China is right to maintain & tighten capital controls

​During 2017 China has been tightening its capital controls to prevent any export of capital from the country not required for legitimate business expansion – that is China has been strongly acting against ‘capital flight’. This policy has been successful, with China’s foreign exchange reserves, already the world’s largest, rising for six months in a row – see…

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Here’s why China and BRICS will drive global economic growth

It is frequently underestimated just how dependent world economic growth is on only a few countries. Strikingly, on the IMF’s latest projections, the majority of world economic growth in the next five years will come from only three countries – China, the US and India. Collectively these will account for 54% of world growth at…

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Theoretical bases of China’s “win-win” foreign policy concept

In his speech on Asia’s “Community of Common Destiny” at 2015’a Boao Forum, Chinese President Xi Jinping spelled out China’s conception of “win-win” relations in Asia and the world. This therefore provides a good opportunity to examine the fundamental bases of China’s foreign policy. It also highlights the reason for the recent failure of the United…

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