In The News

New Birth for Social Democracy

Kemal Derviş June 12, 2015
Structural changes in the global economy are driving inequality. Technology has not only replaced many workers in manufacturing and services, but is also transforming the traditional business model. Decentralized organizations hire low paid, temporary workers instead of long-term employees. Uber, which has threatened traditional taxi services, is an example of a decentralized business model. This...

Desperate Millions Flee Poverty, Persecution and Inequality

Joergen Oerstroem Moeller June 11, 2015
The world confronts an immigration challenge as vast numbers flee conflict and religious persecution in the Middle East and South Asia along with stark poverty in Africa and South America. The world has 50 million forcibly displaced people, and millions more leave their homelands in search of opportunity. Widening inequality and demographics, with low fertility rates in wealthy nations and high...

HSBC’s Local Rethink Can’t Shore Up Global Act

Paul J. Davies June 10, 2015
The world has only a few global banks. HSBC, based in the UK, is cutting costs, laying off 50,000 or 10 percent of its workforce and eliminating units in emerging economies like Turkey and Brazil. “HSBC’s targeted returns are beaten by the best local banks in many countries,” writes Paul J. Davies for the Wall Street Journal. “HSBC insists the fight to remain global is worth it. It claims $22...

China’s Global Governance Challenge

Stephen S. Roach June 9, 2015
China is preparing for a broader role in leading Asia on economic development and world affairs. The nation has long been an active member of global organizations including the United Nations, the World Trade Organization and others, and now is “engaged in global institution building of its own” with the Asia Infrastructure Investment Bank, or AIIB, writes Stephen S. Roach, author, former...

Climate Change and the New Tech Revolution

Barrie Pittock June 3, 2015
International reports on scientific research into climate change focus on the many dangers including rising sea levels, extreme storms, and challenges for agriculture and other industries. Barrie Pittock, a climate scientist, urges that the research community and media could reframe the debate to win support of investors, the business community and the general public by also reporting on “...

Global Trade Entering “Era of Fragmentation”

Finbarr Bermingham June 3, 2015
Trade is gradually becoming more fragmented and less global in scope, with a drop in cross-border capital flows, as countries form exclusive trade coalitions and agreements, writes Finbarr Bermingham for Global Trade Review, a publication that covers commodity, export and supply-chain finance industries. “The WTO, for its part, has failed to reach the stated aim of the Doha Round, which set out...

FIFA Caught Offside as US Tackles Global Graft With Penalties in Mind

Tom Kutsch May 28, 2015
The United States demonstrated its global legal reach with arrests of international officials and announcement about efforts to stamp out cross-border bribery and financial corruption in soccer. Nine soccer officials and five marketing executives were named in the probe on racketeering, kickbacks, bribes and money-laundering. “This is a global investigation, and we live in a global marketplace,”...