As the annual spring meetings of the World Bank and the International Monetary Fund commence, the world’s economic future appears brighter than it has in some time. The international financial institutions, not to mention many private-sector actors, are projecting significantly faster growth this year than in 2016. Is their buoyant outlook warranted?
Chairman of China’s e-commerce leader Alibaba Group, has surpassed Wanda Group Chairman Wang Jianlin as the country’s richest man, according to estimates by Forbes
On April 22, scientists from around the world marked Earth Day by participating in an unprecedented “March for Science.” The aim of the march was to “celebrate and defend science at all levels – from local schools to federal agencies.” For the rest of the world, it is important to understand why the usually sedate community of scientists will be leaving their labs and offices to take to the streets in a global demonstration of concern
Most reports about globalization in recent years have focused on its problems, such as declining levels of trade and the abandonment of “mega-regional” trade agreements. Indeed, US President Donald Trump has now terminated the Trans-Pacific Partnership (TPP) – a trade deal among a dozen Pacific-rim countries, including the United States and Japan; and negotiations on the Transatlantic Trade and Investment Partnership (TTIP) between the US and the European Union have come to a halt
As with any human interaction, international relations, whether economic or political, is a combination of cooperation and competition. The “cooperation” part benefits all involved, whether by sustaining world peace or boosting growth and prosperity through free trade. The “competition” part creates serious risks, from economic impediments to war and environmental destruction. So why don’t countries cooperate more?
As the world’s financial leaders gather for the International Monetary Fund and World Bank spring meetings, many working people around the world are demanding radical change, because they sense that their voices are not being heard. Those who are supposed to represent them should not ignore this anger and frustration any longer