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| World Economy - Global Policy Challenges |
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Oil price increase could derail growth train
When Horst Kohler, the new managing director of the International Monetary Fund, announced at the beginning of August that the IMF had revised upwards its forecast for world economic growth, it looked as though this year's annual meetings would be taking place in a climate of unequivocal confidence and optimism. more | |
US Meltzer commission turns up the heat
The multilateral development banks developed and prospered in a world quite different from today's. Far-sighted leadership during and after the second world war created international financial institutions which shored up one pillar of the US strategy to secure victory in the cold war. more | |
Laying down the law poses challenges
Since the World Trade Organisation was created in 1995, its strengthened procedures for settling trade disputes have become the fountainhead of its authority. Yet, paradoxically, the procedures are also the institution's greatest source of vulnerability. more | |
Confusing signals fuel uncertainty
The world's oil industry has been in turmoil for the past year as an inexorable and, in part, inexplicable rise in prices has put petroleum back on the global economic agenda . . . more | |
Seattle hangover brings year of inaction
If political exhortations were all that mattered, the World Trade Organisation (WTO) would be well on the way to recovering from the disastrous collapse of last year's ministerial meeting in Seattle. more | |
Great expectations persist in worlds stock markets
They called it a correction, a bursting of the bubble, and even a crash, but when the technology-heavy Nasdaq Composite Index fell 25 per cent in a week in mid-April, there were few prepared to suggest that the great US bull market in equities was over. more | |
US is feasting on biggest helpings of funds
In a recent report, the Institute of International Finance (IIF) painted an encouraging picture for emerging markets. Inflows of capital into developing markets are continuing to climb back to pre-crisis levels. more | |
Increasing gap between rich and poor
Is global inequality getting worse or better? The question is simple but the answer is complicated, because it depends on the definition of inequality and the statistics used to measure it...more | |
Catch-22 situation for policymakers
Most investors in the US believe the Federal Reserve would cut interest rates if there were a stock market crash tomorrow. They have history on their side. more | |
G7 clamps down on hot money
Fifteen financial centres are scrambling to protect their reputations after being blacklisted for alleged deficiencies in their approach to money laundering. more | |
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