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Kenneth Rogoff
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  • ECONOMICS, China

    Ruchir Sharma, "Worried About Turkey’s Economic Problems? China’s Could Be Worse"

    The New York Times - metered paywall - 15 Aug 2018

    The author of “The Rise and Fall of Nations” argues that the fate of the world economy depends on how China negotiates a weakening currency and capital flight. This is a tough and complex dilemma. The strengthening dollar threatens to provoke more capital flight out of China, but any effort to shore up the renminbi in response could further slow the Chinese economy.  If, however, it does the opposite (lowering rates), China will only give Chinese investors more reason to leave the country, further undermining confidence (reads in 5-6 min).

    Published in Weekly selection 17 August 2018

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  • GEOPOLITICS, China

    David Fickling, "Soviet Collapse Echoes in China’s Belt and Road"

    Bloomberg - 12 Aug 2018

    This article certainly offers much food for thought. There are an increasing number of reasons to argue that China’s Belt and Road’s initiative is not progressing (or performing) as it should. The editorialist goes one step further. He explains why grand investment plans for unproductive regions may create big problems for China, and possibly sow seeds of decline. As he points out, it wouldn’t be the first time that misdirected investments have caused empires to founder (reads in 6-8 min).

    Published in Weekly selection 17 August 2018

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  • PSYCHOLOGY, Decision-making

    Vivian Giang, "This is how tiny changes in words you hear impacts your thinking"

    Fast Company - 9 Aug 2018

    It’s all about framing! In a new book (“Don’t Think of an Elephant”), George Lakoff, a professor in cognitive science and linguistics, explains how political parties can sway supporters with tiny tweaks in word choice. The main take-away: when trying to get your point across, refrain from using the other side’s language - doing so will activate and strengthen their frames and undermine your own views. Instead, successfully arguing a point requires you to establish your own frames and use language that evokes images and ideas that fit the worldview you want (reads in 5 min).

    Published in Weekly selection 17 August 2018

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