Tag Archives: world economy

How Singapore, Astana and St Petersburg preview a new world order

Ahead of the crucial Shanghai Cooperation Organization (SCO) summit in Qingdao this coming weekend, three other recent events have offered clues on how the new world order is coming about.

The Astana Economic Forum in Kazakhstan centered on how mega-partnerships are changing world trade. Participants included the president of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun; Andrew Belyaninov from the Eurasian Development Bank; former Italian Prime Minister and president of the EU Commission Romano Prodi; deputy director-general of the WTO Alan Wolff; and Glenn Diesen from the University of Western Sydney.

A dramatic break at the G7 summit

Donald Trump has called for Russia to be readmitted to the G7 club of world leaders, opening up a new rift with Europe at the start of an acrimonious summit in Québec.

China | China warns US trade deals off if tariffs go ahead

China warned the United States that any agreements reached on trade and business between the two countries will be void if Washington implements tariffs and other trade measures, as the two ended their latest round of talks in Beijing.

BRICS Xiamen summit doomed by centrifugal economics

by Patrick Bond

The Brazil-Russia-India-China-South Africa summit in Xiamen from September 3-5 is already inscribed with high tension thanks to Sino-Indian border conflicts. But regardless of a welcome new peace deal, centrifugal forces within the fast-whirling world economy threaten to divide the BRICS. South Africa, which plays host to the BRICS in 2018, is already a victim of these trends – even as President Jacob Zuma continues to use the bloc as a primary crutch in his so-called “anti-imperialist” (talk-left walk-right) political survival kit.

Recession on the horizon

by Martin Hart-Landsberg

According to Bloomberg News, analysts at a number of major financial institutions see “mounting evidence” that a recession is not too far away.