All Entries in the "Featured" Category
Gold Regaining Lost Glory
The global financial order with the hegemony of the United States has broken down and a new order with a new hegemony is taking time to emerge as China is refusing to assume the vacant central role. The international monetary system is in chaos trying to establish order to avert currency war and trade protectionism. [...]
Emerging economies to lead G20 Summit
Leaders of the western industrial nations and emerging economies are gathering together to participate in G20 summits for the first time in Asia to negotiate an agreeable global economic solution to prevent economic protectionism that satisfies both the developed western nations and the emerging economies. Developed western economies with very low growth rate are facing [...]
Fed Injects $600 Billion In U.S. Economy
United States federal reserve announcement on Wednesday to purchase additional treasury bonds worth 600 billion dollars as part of second round of “quantitative easing” to enhance weak economic growth raised concerns for the emerging economies. The Fed said in a statement “The pace of recovery in output and employment continues to be slow”. The Fed [...]
Restoring United States Economy
The campaign for US Congress election has united democrats and republicans in China bashing for all their economic woes. Republicans are expected to win majority seats in Congress and participate in US governance with Democrats to tackle with difficult economic challenges of high unemployment and massive deficit. United States needs to invest more in research, [...]
China To Boost Domestic Consumption
The Chinese Premier Wen Jiabao stressed the need to step up the modification of the economic development pattern by extending economic reform and opening-up further to build a moderately prosperous society at the Fifth Plenary Session of the 17th CPC Central Committee on October 15. The premiere blamed resource and environment bottleneck, enlarging income gap, [...]
Emerging Global Economy
The shift of economic power from western industrial nations to the emerging nations is finally recognized by the international financial institutions in a joint communiqué released after G20 meeting in South Korea on Saturday. World is quickly becoming multi-polar as US is losing its hegemony over the world and other global players like Europe Union, [...]
G20 Ministers Agree On Key Issues
The G 20 Ministerial meeting concluded with agreement on currency row and giving more representation to emerging economies in IMF as part of its governance reform on Saturday in South Korea. Realizing the rapid transfer in economic power from western industrial nations to emerging Asian nations the G20 finance ministers and central bankers in a [...]
Commodity Prices Fall As Dollar Rises
Commodity prices fall as dollar rises and investors sell off some of their goods for a profit. The US dollar bounced back in unstable forex market on Thursday as investors become vigilant ahead of G20 finance ministers meeting on Friday and Saturday. Market analysts forecast a stronger dollar if the G20 finance minister meeting developed [...]
Emerging Economies On Currency Dispute
Emerging economies criticize US for enforcing international monetary solution for solving its domestic challenges instead of implementing difficult fiscal measures to bring unemployment down and manage deficit. After failing to devise and implement a viable strategy to deal with its domestic issues of high unemployment and a huge deficit USA is bringing the whole world [...]
German Minister Sides With China Against US In Currency Row
German Economy Minister Rainer Bruederle severely criticized US Wednesday for blaming China of underrating yuan to fuel its exports. “At the moment I have more criticism of the American Treasury secretary than of China,” Bruederle said during a visit to China. The US had also pointed finger at Germany for preferring exports to the interest [...]