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Kenneth Rogoff
Filter: Category: ECONOMICS
  • ECONOMICS, China

    Zhang Jun, "China’s Vision for the Next 30 Years"

    Project Syndicate - 14 Nov 2017

    For those unfamiliar with China’s economics and politics, this article does a good job of taking stock of what happened at the 19th Party Congress and of explaining what lies ahead with a 30-y time horizon. The vision is clear: China wants to become a high-income economy by 2035. The main stumbling blocks are: income and wealth inequalities, and aging (by 2050, 36.5% of China’s population will be over the age of 60) (reads in 5-7 min). 

    Published in Weekly selection 24 November 2017

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  • ECONOMICS, Financial Markets

    Akshat Rhati, "My trip to China shattered my biases about developing nations"

    Quartz - 11 Nov 2017

    This article is important in one particular respect: it illustrates why some of the categories we continue to employ about today’s world are no longer pertinent and as such can lead to bad decision-making. Investors and economists, for example, define China as a “developing country”, leading most institutional investors to invest accordingly (by placing China is the “emerging” bucket). Yet, on many counts (like infrastructure) China is more advanced that most advanced economies (reads in 4-6 min).

    Published in Weekly selection 18 November 2017

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  • ECONOMICS

    Adam Posen, "Drawbridge economics: the Brexit reality check is coming"

    Prospect Magazine - 13 Nov 2017

    This is a well-measured, in depth, analysis of the economic consequences of Brexit by the President of the Peterson Institute for International Economics and former member of the BoE Monetary Policy Committee. In short: the UK economy is suffering “a negative supply shock” that will ruin its competitiveness. Over the next few years, the British economy will endure a mix of higher inflation, lower purchasing power, declining terms of trade, and a weaker pound (reads in 9-12 min).

    Published in Weekly selection 18 November 2017

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