In recent decades, the U.S. publishing industry has unleashed a tidal wave of books about creativity in science and business, and almost all of them have been like fake Viagra: The more the subject is discussed, explored and celebrated, the less impressive are the results in the real world. Old-fashioned, manufacturing-oriented industrial economies such as China, South Korea, Germany and Sweden have been the ones posting the best results around the world. Every three months, the United States racks up an even bigger balance-of-payments deficit, especially with China, than ever before. Not much evidence of good ideas in business and industry there. The domestic American intellectual climate about innovation in business and industry is like the U.S. real estate market before the bubble bu...
...The current account balance to GDP ratio and the current account balance plus ... in surplus in China's balance of payments altogether, and cause sharp increase of China's fo...
[...] the rise of China affects all countries, including the EU as its largest trading partner, not only in terms of trade, but also insofar as it is an engine of the world economy alongside the US. [...] an international body or forum cannot force its mandate on sovereign nations; instead, it must appeal to the mutual self-interest of countries in maintaining stability.
...Meanwhile, after experiencing a major balance of payments crisis in 1991, India's economic polic...
EDITOR'S NOTE: This story has been updated with a link to the Reuters Insider interview with Stephen Roach. SINGAPORE (Reuters) - Averting a U.S. debt default solves only the immediate fiscal problem for the West and its big creditors in Asia.
... as a whole boasts healthy government balance sheets, with vast amounts of reserves on hand to c...Some countries such as Singapore and China are already taking steps to cut their exposure to ... a better balance of international payments.". In other words, China's reserves growth will sl...
The article talked of a terrible Chinese balance-of-payments crisis, capital flight, corruption, a tottering banking system, out-of-control subsidies, runaway inflation, and the threat of an uprising by the poor, implying that top Chinese officials were economic ignoramuses. More than a decade later, this investment still occurs only on terms allowed by the Beijing government, which limits majority control, demands sensitive technology transfer, tolerates piracy of intellectual property, restricts foreign involvement in the sensitive banking sector, and promotes the use of China as a low-wage corporate outsourcing base.
Employment regulations are needed to allow efficient contracting between employers and workers and to protect workers from discriminatory or unfair treatment by employers. In its indicators on , Doing Business measures flexibility in the regulation of hiring, working hours and dismissal in a manner consistent with the conventions of the International Labour Organization (ILO). An economy can have the most flexible labor regulations as measured by Doing Business while ratifying and complying with all conventions directly relevant to the factors measured by Doing Business4 and with the ILO core labor standards. No economy can achieve a better score by failing to comply with these conventions. In Africa, Uganda (in 2006), Mozambique (in 2007) and Burkina Faso (in 2008) ena...
... face the challenge of finding the right balance between worker protection and labor market flexibi... abolished the 50% increase in severance payments that had been part of the 2002 "emergency laws.". ...China introduced new priority rules for group redundancy...
..., find the continued imbalance of trade with China to be a significant concern. As you will hear this...The first one shows the current account balances and the colors there -- for those that don't have ... adjustments in China's balance of payments or gaining China an unfair competitive advantage."...
Since China revalued its currency against the U.S. dollar by 2... of China to sterilize China's overall balance of payments surplus, and assess the costs and bene...
... three years than what should be done about China's currency regime and about the exchange rate for ... rates, I prefer two: the "underlying balance" approach and the "global payments" approach. In b...
FedEx chief Frederick W. Smith weighed in Thursday on the national security threat of rising oil prices stoked by unrest in North Africa and the Middle East. Smith joined colleagues in an Energy Security Leadership Council call for urgent action on solutions ranging from electric vehicles to investment in domestic oil production and renewable energy.
... that is simply unsustainable from a balance of payments standpoint," said Smith, the council c... complain about the trade deficit with China, "the largest single balance of payments issue is ...
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