Analysis

Economy

The damaging blind alley of US protectionism

​The damaging blind alley of US protectionismThe following article deals with the costs to the US economy of protectionism. The specific case it deals with ...
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China lacks innovation? Take another look

​Until recently, the big myth about China's companies was their lack of innovation. That view is now being reassessed in a series of Western studies ...
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A damaging confusion in Western economics books

Economics textbooks, particularly when discussing Keynes, frequently contain an elementary economic confusion - it should be made explicit this is a confusion in the textbooks ...
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Why China won’t suffer a Western type financial crisis

Inaccurate articles sometimes appear claiming China faces a "severe debt crisis." Factually these are easily refuted. Changyong Rhee, the IMF's Asia and Pacific Department director, ...
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Why neo-liberalism destabilised US politics

Political destabilisationBoth the Anglo-Saxon countries, the US and UK, which adopted neo-liberal Reaganite/Thatcherite policies are experiencing deep political destabilisation. Trump’s nomination as Republication Presidential candidate ...
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Deng Xiaoping & John Maynard Keynes

Introduction​The international importance of China’s economy is twofold. The first is practical - the scale of China’s economic growth, its global impact, and the consequences ...
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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 ...
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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 - ...
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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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The most important book on economic growth to have appeared for many years

Vu Minh Khuong's The Dynamics of Economic Growth is the most important book on world economic growth to have appeared for many years. It is for that reason (full ...
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