Analysis
Economy
The limits of RMB internationalisation
The dollar's domination of the international monetary system, and the 'exorbitant privilege' it gives the US, to use the phrase of leading US monetary economist Barry ...
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China’s ‘socialist development strategy’ outperformed Western alternatives
This article finds that the 1st, 2nd, 3rd, and 4th fastest growing economies during the period since the putting forward of the neo-liberal ‘Washington Consensus’ ...
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BRICS are more important for world growth than the G7
The annual BRICS summit, hosted by China in Xiamen on 3-5 September, is the second of two major events in China this year focused on ...
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How Singapore achieved a higher per capita GDP than the US
The economic development of Singapore under is famous as one of the greatest success stories in history. Singapore has become the only Asian country to achieve ...
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A Copernican Revolution in Western economics & China’s supply side reform
Every 4th May is National Youth Day in China. In 2016 I was invited on that day to deliver a lecture to Chinese young economists on how developments in ...
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Why the economic reform succeeded in China & will fail in Russia and Eastern Europe
This article was written in April 1992 and originally published in Russian in September 1992 in Voprosy Economiki (Questions of Economics) in September 1992. The ...
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Economic growth & human well-being – the example of China
The following article analyses in detail the relation between economic growth and human well-being. Its focus is a comparison of China with developing and advanced ...
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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 ...
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Why China will grow rich long before it grows old
One of the biggest myths about China's economic growth, which is the greatest in a major country in human history, is that it is primarily due ...
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Why the US remains locked in slow growth
SummaryThe latest US economic data confirms the US remains locked in a prolonged period of slow growth with major consequences for geopolitics and destabilising consequences ...
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