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)”
Tag: economic models
The dismal decade (Part 4: The economic race: Can China catch US by 2030)
The dismal decade (Part 4: The economic race: Can China catch US by 2030) Phuah Eng Chye (30 March 2024) Where it once appeared inevitable, it is no longer a certainty that China will be able to overtake the US as the world’s largest economy (in nominal terms) in 2030. Most agree China’s peak real … “The dismal decade (Part 4: The economic race: Can China catch US by 2030)”
The dismal decade (Part 3: The economic race: How US is faring)
The dismal decade (Part 3: The economic race: How US is faring) Phuah Eng Chye (24 February 2024) China is considered Pax America’s most formidable challenger ever. A US House of Representative report[1] points out “the CCP’s economic ambitions have taken a severe toll on American workers and companies: In 1978, when the PRC began … “The dismal decade (Part 3: The economic race: How US is faring)”
Global reset – Economic decoupling (Part 6: MNCs in a deglobalizing world)
Global reset – Economic decoupling (Part 6: MNCs in a deglobalizing world) Phuah Eng Chye (26 February 2022) MNC-led globalisation expanded the power of MNCs at the expense of governments and the working class in developed economies. This trend has reversed as politicians tap into public dissatisfaction to revive nationalism. Decoupling thus acts as a … “Global reset – Economic decoupling (Part 6: MNCs in a deglobalizing world)”
Global reset – Economic decoupling (Part 5: Growing divergence between governments and MNCs)
Global reset – Economic decoupling (Part 5: Growing divergence between governments and MNCs) Phuah Eng Chye (12 February 2022) In the early days of globalisation, physical force was used to secure trade routes and colonies. Companies followed their country’s flag to extract the spoils of conquest. The imperialist model changed after World War 2 when … “Global reset – Economic decoupling (Part 5: Growing divergence between governments and MNCs)”
Global reset – Economic decoupling (Part 4: US in the 21st century)
Global reset – Economic decoupling (Part 4: US in the 21st century) Phuah Eng Chye (29 January 2022) The US is universally considered the greatest nation in the world but there is growing concern it is entering into a phase of decline. In a sense, decoupling is a knee-jerk reaction reflecting American discomfort to its … “Global reset – Economic decoupling (Part 4: US in the 21st century)”