Edition #9: December 21, 2023
Welcome to PS Economics, a weekly newsletter highlighting commentary on the most important issues in economics and finance.
Mohamed A. El-Erian highlights two recent developments that have undermined the legitimacy of American leadership.
PS contributors select the book that resonated with them the most over the past year
Jim O'Neill singles out some variables to watch in an otherwise uncertain global macro environment.
Mariana Mazzucato and Greg Clark urge UK leaders to adopt a more comprehensive approach to climate and investment policies.
The Myth of the 1% – Free to Read
Michael R. Strain urges US policymakers to focus more on the wages of the bottom half of workers, rather than the top earners.
Anne O. Krueger calls for an international agreement that establishes procedures for dealing with debt distress.
The Trade-Finance Gap Is Holding Back Developing Economies – Free to Read
Ngozi Okonjo-Iweala and Makhtar Diop consider how to get more working capital into the hands of exporters and importers in lower-income countries.
Materials Scientist | Innovation Manager | Published Author
11 个月Thanks for sharing. In the context of a multipolar global economy, as illuminated by El-Erian's insightful analysis, we are reminded of the complexities and shared responsibilities we face, particularly post-pandemic and amidst current geopolitical shifts. Recent research and discussions in the field of global economics reflect the complexities of a multipolar world, as highlighted in Mohamed A. El-Erian's article. The IMF's World Economic Outlook for October 2023 has pointed to a global economic slowdown and varied regional growth patterns, emphasizing the challenges in managing inflation and the need for structural reforms in different economies. These insights underline the importance of facing such a multipolar world economy by adapting international economic policies ... a dream of many, I presume, yet its realization is still challenged by multiple obstacles. I believe it's essential to recognize that amidst our diverse economic strategies, our collective goal remains steadfast: achieving stability and prosperity for all. This requires collaboration and a strategic yet inclusive approach to global economic governance.? https://www.imf.org/en/Publications/WEO/Issues/2023/10/10/world-economic-outlook-october-2023
Finance Specialist, Product Controller (Fixed Income and Equities), Financial Controller, FPB&A
11 个月Sorry Charlie (charlie tuna), looks like regionalization is coming forward quicker than expected, with some delay though due to individual countries gaming the system to play both sides. The West, meaning the USA, will retrench and consolidate its power over its partners as it sees its power erode worldwide over the next 10 years. Funny how your article speaks to the outstanding debt of the Global South while ignoring the elephant in the room, the Developed Economies much larger Debt Bomb, which is much more impactful on the world economy. Yes, chaos will definitely rear its head, but that comes along with change.