Tag Archives: world economy

Financial Turmoil, Plummeting Markets: Is the Longest Ever “Bull Market” Over?

by Stephen Lendman

Hindsight will best explain what only guesswork can do now. US equity market action in December has been uncharacteristically ugly for this time of year – the worst performance since December 1931 during the Great Depression.

Argentina | The G20 and the Counter-Protests in Argentina

by Tony Phillips

On October 31st the centre of the city of Buenos Aires was put on lockdown by the police, the military, and secret services. Martial law provisions were to continue for three days. US aircraft carriers lay offshore on the river plate and the airspace over the city closed. 40,000 police were on the streets of the city to protect twenty top government representatives and a few multilateral bankers; men and women like to refer to themselves as ‘leaders’.

China | China’s Building Spree In Poor Nations: Does It Really Help The Local Economy?

by Joanne Lu

China has done a ton of building in the developing world.

Over the past two decades, it has financed and built bridges, hospitals, roads, railways, airports and seaports — many billions of dollars’ worth and counting. “China has recently become a major financier of economic infrastructure,” according to a new report from AidData, a development finance research lab based at the College of William & Mary.

Economists’ Nobel puts spotlight on climate solutions

As the U.S. administration denies or downplays climate science, some more sensible Americans have been rewarded for developing climate solutions.

Economists William Nordhaus and Paul Romer recently won the Nobel Prize in economics for their work on, respectively, “integrating climate change into long-run macroeconomic analysis” and “integrating technological innovations into long-run macroeconomic analysis.”

China | A critical look at China’s One Belt, One Road initiative

by Martin Hart-Landsberg

China’s growth rate remains impressive, even if on the decline. The country’s continuing economic gains owe much to the Chinese state’s (1) still considerable ability to direct the activity of critical economic enterprises and sectors such as finance, (2) commitment to policies of economic expansion, and (3) flexibility in economic strategy. It appears that China’s leaders view their recently adopted One Belt, One Road Initiative as key to the country’s future economic vitality. However, there are reasons to believe that this strategy is seriously flawed, with working people, including in China, destined to pay a high price for its shortcomings.