In The News

COVID-19 – Ordeal for Globalization: Jakarta Post

Darmansjah Djumala May 21, 2020
Analysts debate globalization’s role in the ongoing Covid-19 pandemic, whether in spreading the disease or helping move needed services and goods. Writing for the Jakarta Post, Darmansjah Djumala categorizes globalization as both “process” and “order” – the first through technological advancements in transportation and communications and the second as a system of regulation and rule of law. The...

Threat to US Dollar’s Global Dominance: Bloomberg

Joe Weisenthal May 20, 2020
Before Covid-19 emerged, the US dollar’s fundamentals were strong, but imbalanced: The dollar’s share of global transactions grew as the country’s share of worldwide gross domestic product declined. Some analysts suggest that US policymakers abuse the dollar’s dominance with overspending and massive debt. Relying on the dollar may have become habit for some countries, explains Joe Weisenthal for...

Huawei Equipment Ban: Asia Times

David Goldman May 19, 2020
Huawei Technologies held a strong lead in the world’s 5G mobile broadband race, but the Trump administration is keen to slow that rollout. The US president, in an unprecedented move, tries to block sales to Huawei of any products made with US equipment, reports David Goldman for Asia Times. The move could block Huawei’s access to needed equipment and chips. “The ban may apply not only to the...

Brexit and “Rip the Band-Aid Off”: Asian Age

Latika Bourke May 18, 2020
The clock is ticking on the Brexit transition. Negotiations continue even as public attention distracted by the Covid-19 pandemic. With a wide gap in expectations from the EU and the UK, negotiations have made little progress on contentious issues including EU access to UK fishing grounds, UK adherence to EU regulations, and agreements on becoming carbon neutral by 2050. “The UK now wants what it...

Global Food Crisis – Prices Soar, Crops Rot: WSJ

Yaroslav Trofimov and Lucy Craymer May 14, 2020
The Covid-19 pandemic combined with protectionist restrictions has disrupted food processing and transportation, resulting in waste at farms and shortages in stores. Perishable vegetables and products like milk are at high risk, while prices for wheat, rice and other staples climb. The Wall Street Journal article offers numerous examples of food-chain disruptions and worries. The world confronts...

Plunged Global Factory Output: Wall Street Journal

Paul Hannon and Tom Fairless May 7, 2020
Investors and policymakers regard the Manufacturing Purchasing Managers Index, or PMI, as a leading indicator of economic activities. PMI above 50.0 implies a rise in activities, offering an optimistic forecast while a reading below that shows economic decline. With the wide spread of COVID-19 around the world and more countries joining the lockdown, PMI witnessed a sharp drop in April. In India...

Inevitable “Greater Depression”? Project Syndicate

Nouriel Roubini April 29, 2020
Tackling problems swiftly, well in advance, tends to produce better results than waiting for crisis. After the 2007-08 crisis, governments failed to address imbalances and other structural problems. Nouriel Roubini, writing for Project Syndicate, anticipates a lingering depression throughout the decade due to economic risks long in play combined with an uneven pandemic response. He identifies 10...