July 2024 – Economics of Information Society

The dismal decade (Part 7: Seven forces shaping 2030 #4)

The dismal decade (Part 7: Seven forces shaping 2030 #4) Phuah Eng Chye (27 July 2024) Force #4 – Global imbalances and anorexic economies China’s industrial domination and its threat to West For decades, the hyper-globalised partnership of “China produces and US consumes” drove economic growth but this culminated in massive global imbalances. Michael Pettis … “The dismal decade (Part 7: Seven forces shaping 2030 #4)”

Phuah Eng Chye

I was formerly a securities regulator and equities analyst. I started writing these articles (and a book) because I felt that there were a lot of economic theories that didn’t seem to match up to the realities we are facing. This also means that a lot of policies (based on these theories) are wrong. So I’ve tried to make sense of how things worked based on the paradigm of an information society. Its a challenging topic and difficult to pin down. This means I have had to explore issues over a wide range of policy areas. Over the next few months, I will cover the service economy, the sharing economy, household and work structures before moving onto policy issues on the anorexic economy (role of corporates, basic income, housing affordability) and the financialisation process (capital, monetary policy, securities regulation).

Date	Article/Event
26 October 2024	The dismal decade (Part 8: Seven forces shaping 2030 #6-#7)