In The News

Indian Job Ad Receives 2.3 Million Applicants

Victor Mallet September 21, 2015
India will soon outpace China as the world’s most populated nation and a young population is expected to energize the nation's economy. A job advertisement for tea boys and night guards has drawn 2.3 applicants, including college graduates. Policymakers, parents and young workers are alarmed. “The unprecedented deluge of applications is the latest confirmation of the grim employment...

China’s Strategy in US Car Market: Make Parts First

Colum Murphy and Jeff Bennett September 21, 2015
Chinese automakers may eventually become a global force in the auto industry. Rather than follow the Japanese model of importing cars, Chinese firms are acquiring US and European auto parts plants. “By first learning to make and sell car parts in markets like the U.S., leaders in China’s auto industry say, companies can then use the lessons to move on to selling cars overseas,” reports the Wall...

China Stock Turbulence Will Boost Our Real Estate: Australia's Treasurer

David Uren September 10, 2015
The newspaper headline is repeated in New York, Sydney, Vancouver, Seattle and London – turbulent Chinese markets could boost real estate prices in foreign markets. China investors buy homes in major cities and also take advantage of immigration programs, including the EB-5 program in the United States which provides green cards to foreigners who invest in job-creating businesses, including real...

Seeking Safety Abroad: Hidden Story in China’s FDI Statistics

Farok J. Contractor September 10, 2015
Despite a recent slowdown, China’s economy is still growing. Its citizens are much wealthier than they were just a few decades ago and like investors around the world, they seek secure places to store assets. “However, the fact is that enormous amounts of liquid money held by Chinese individuals and companies have, for many years, been anxiously trying to leave China and leave the renminbi as an...

IMF Changing Tack on Greece

Astrid Prange September 4, 2015
The International Monetary Fund may have devoted too much money into efforts to rescue Greece from its debt crisis. Many of the IMF’s 188 members question the sum of loans for Greece - $25 billion from the IMF. “It seems paradoxical: The term debt relief is a taboo in Latin America, Asia and Africa, but that is exactly what Greece asked the IMF for,” writes Astrid Prange for Deutsche Welle. The...

View on China’s Meltdown: The End of a Flawed Globalization

September 4, 2015
The stock market declines in China herald a new era with fewer imbalances. The economic slowdown was expected and may signal other countries are developing and restoring capabilities to manufacture. US consumers have eased spending and can no longer be depended on to snap up exports from around the globe. China oversaw a huge economic expansion, lifting many from poverty. The government invested...

IMF to the Aid of Ukraine: Well-Intended, But Misguided

David R. Cameron September 3, 2015
Ukraine, battling separatists and demands for autonomy in its eastern regions, confronts a debt crisis. The International Monetary Fund approved $17.5 billion over four years and also called for another debt operation. After five months of negotiations, Ukraine received another $15.3 billion, including a 20 percent “haircut” in the $18 billion of bonds held by the private creditors. More than...