The Roar of the Asian Economy: If Asia is the economic engine of the future, who drives the car?

In a two-part series, the Warwick Economics Summit explores how changing consumption, trade and business patterns are set to reshape the global economy, and how the might of the Asian consumer is pulling the centre of economic gravity towards them.

In the second part of the series, we wonder if the political power will shift as well, most notably the tango of values between the United States and China. It might be the case that the economic engine of the world is the East, but the political driver may very well be the West. 

Continue reading “The Roar of the Asian Economy: If Asia is the economic engine of the future, who drives the car?”

The Roar of the Asian Economy: Consumption growth is set to make Asia the economic centre of the world

In a two-part series, the Warwick Economics Summit explores how Asia is set to transform the world over the course of the next decade. Primarily using research from McKinsey, we discuss how changing consumption, trade and business patterns are set to reshape the global economy, and how the might of the Asian consumer is pulling the centre of economic gravity towards them.

The economic centre of power is shifting, that much is accepted. But in the second part of the series, we wonder if the political power will shift as well, most notably the tango of values between the United States and China. It might be the case that the economic engine of the world is the East, but the political driver may very well be the West. 

Continue reading “The Roar of the Asian Economy: Consumption growth is set to make Asia the economic centre of the world”

WES Exclusive: The Center for China and Globalisation on US Protectionism and China’s faltering growth

Donald Trump has triumphantly claimed his tariffs are the primary cause for China’s slowest GDP growth in three decades. Unconvinced, we asked the Center for China and Globalisation for their views.

China’s softening economy came at the back of a tumultuous trade war with Washington, where its exports suffered heavily due to tariffs from the US. In turn, this affected the GDP numbers for China which recorded a year-on-year growth of 6.2 percent, its lowest since records began. Impulsive as ever, President Trump immediately tweeted that China’s ailing GDP is a result of the effectiveness of the US’s tariffs.

But many are unconvinced the dip in China’s economic numbers can be largely credited to President Trump’s trade war. For that, the Warwick Economics Summit reached out to the Center for China and Globalisation (CCG), a leading Chinese non-governmental think-tank based in Beijing, for their thoughts on the factors that led to China’s faltering performance.

Continue reading “WES Exclusive: The Center for China and Globalisation on US Protectionism and China’s faltering growth”

WES Exclusive: Prof. Obstfeld on US-China Relations, Greece’s Economy and more

Wise people tend to measure words and carefully address every aspect of the topic they are discussing, avoiding oversimplification and rushed conclusions. Having served as the Chief Economist at the IMF and Chief Macroeconomist in Obama’s Council of Economic Advisors, Professor Maurice Obstfeld makes no exception to this principle. Continue reading “WES Exclusive: Prof. Obstfeld on US-China Relations, Greece’s Economy and more”

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