The global spread of COVID-19 may drive changes in the way countries and companies engage with each other globally. There were already trade wars and a growing anti-globalization movement prior to the current crisis. As people look to their own governments for guidance in this health crisis, a rise in nationalism is to be expected. Is globalization dead? No! I believe COVID-19 … [Read more...] about A new globalization emerges
Ireland’s resilience will see it through
To think here at home all the talk as we entered this year was about “Brexit”, but how things have changed, with that issue now the last thing on our minds, though it is still there, hovering in the background. Following the recent General Election, Fine Gael and Fianna Fail are currently attempting to form a new government. Their proposed Programme for Government appears set … [Read more...] about Ireland’s resilience will see it through
Revolutionising central banking: why ‘helicopter money’ is the right policy for our times
The speed, depth and breadth of the coronavirus recession is unprecedented. Policymakers cannot avert the near-term pain. But they can limit the permanent scars from this crisis through bold and decisive action. Drastic action needed Containment measures aimed at curbing the advance of coronavirus are generating an economic shock far greater even that the 2008 financial … [Read more...] about Revolutionising central banking: why ‘helicopter money’ is the right policy for our times
Why global recovery after the coronavirus crisis may not look like China’s
It seems natural that economy-watchers would look to China for clues about how other economies could recover from the Covid-19 pandemic. China appears to have moved past the worst of the coronavirus outbreak and economic activity is bouncing back. The world's developed economies, meanwhile, are just a calendar-year quarter behind China in envisioning how and when to relax … [Read more...] about Why global recovery after the coronavirus crisis may not look like China’s
How is Asia recovering from the Corona virus?
Dirigiste (or dirigisme) is an economic doctrine in which the state plays a strong directive role (as opposed to a merely regulatory or non-interventionist role) over a capitalistic market economy. The days are long but weeks seem extremely short. This crisis is laying bare the brittleness in political leadership and institutional capabilities across countries. When I step … [Read more...] about How is Asia recovering from the Corona virus?