Harvard professor Joseph Nye, an expert in the topic, wonders: "Is the American century over?" Simply by posing the question, we know that the answer in his new book of the same title is 'yes.' But who will occupy the top position? In polls conducted in 22 countries, respondents in 15 of the countries agreed that China [Read more]
If we were to use the bankruptcy of Lehman Brothers as our date of reference, barely eight years have passed since the beginning of the global [economic] crisis. Since then, the majority of expert opinions have remained in the zone of traditional explanations — that is, it has examined the situation, which has been [Read more]
<i>The rising interest rate in the U.S. adds pressure to the country’s finances, already shaken by political turmoil, downgrading and the failure to make any big changes in the economy.</i>
The Federal Reserve raised basic interest rates last week for the first time in seven years. The rate began to fluctuate [Read more]
<b>The United States and China each have their own foreign policy designs, but what China wants is for the U.S. to have a greater appreciation for the ways in which new institutions can complement existing ones and to give more thought to the benefits of cooperation and shared interests rather than the perils of [Read more]
The Russian economy has fallen into dire straits in recent days. While militarily Russia remains the match of the United States, the same cannot be said of its financial strength. Unlike unilaterally-driven development of military might, nurturing a nation's finances requires close cooperation between winners and [Read more]
The outrageous loss by the Democrats in the midterm elections that took place in the United States last week, and the consequent new ruling power in Washington, now that the Republican Party is completely in control of Congress with a Democratic president in the White House, will, without a doubt, impact two critical [Read more]
The global stock market has gotten increasingly unstable. In the United States, it’s nothing out of the ordinary anymore if the Dow Jones Industrial Average swings down more than $200 a day, and as a corollary to that, the Nikkei Index has fallen approximately 7 percent thus far this month.
A sense of wariness [Read more]
To say the least, there were practically no results to be seen at the G-20 Finance Ministers and Central Bank Governors meeting that drew to a close on Sept. 21.
The joint statement indicated that the world economy is facing growth that is "uneven," and "persistent weaknesses in demand." The problem is that there [Read more]