Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘G20’

China is spending billions to make the world love it

Posted by hkarner - 28. März 2017

Date: 25-03-2017
Source: The Economist

Can money buy that sort of thing?

IMAGES of China beam out from a giant electronic billboard on Times Square in the heart of New York city: ancient temples, neon-lit skyscrapers and sun-drenched paddy fields. Xinhua, a news service run by the Chinese government, is proclaiming the “new perspective” offered by its English-language television channel. In Cambodia’s capital, Phnom Penh, children play beneath hoardings advertising swanky, Chinese-built apartment complexes in the city. Buyers are promised “a new lifestyle”. Across the world, children study Mandarin in programmes funded by the Chinese state. Some of them in Delaware don traditional Chinese robes and bow to their teachers on Confucius Day.

For many years, shoppers around the world have been used to China’s omnipresence: “Made in China” has long been the commonest label on the goods they buy. More recently, however, the Chinese government has been trying to sell the country itself as a brand—one that has the ability to attract people from other countries in the way that America does with its culture, products and values. A decade ago the Communist Party declared a new goal: to build “soft power”, as a complement to its rapidly growing economic and military strength. It spends some $10bn a year on the project, according to David Shambaugh of George Washington University—one of the most extravagant programmes of state-sponsored image-building the world has ever seen. Mr Shambaugh reckons that America spent less than $670m on its “public diplomacy” in 2014. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Mnuchin’s Mission

Posted by hkarner - 23. März 2017

Posted in Artikel | Verschlagwortet mit: , , , , , , , | Leave a Comment »

G20: Trump-Regierung verhindert Bekenntnis zum Freihandel

Posted by hkarner - 19. März 2017

18. März 2017, 18:57 derstandard.at

 G20-Länder nach US-Blockade nur mit Minimal-Konsens zum Handel – IWF-Chefin warnt davor, die Erholung der Weltwirtschaft auszubremsen

Baden-Baden – In der G20-Gruppe der führenden Industrie- und Schwellenländer ist der Handelskonflikt mit den USA offen ausgebrochen. Die neue Regierung in Washington verhinderte nach heftigem Widerstand ein gemeinsames Bekenntnis zu freiem Handel und gegen Marktabschottung. Die Finanzminister und Notenbankchefs verständigten sich am Samstag nach zweitägigem Ringen in Baden-Baden nur auf einen Minimalkonsens. In der Abschlusserklärung heißt es knapp: „Wir arbeiten daran, den Beitrag des Handels für unsere Volkswirtschaften zu stärken.“ Damit konnte Gastgeber Deutschland trotz teils nächtelanger Kompromisssuche nur eine Einigung auf den kleinsten gemeinsamen Nenner erreichen. Themen wie Prinzipien für robustere Volkswirtschaften oder Investitionspartnerschäften für Afrika gerieten in den Hintergrund. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »

Maintaining the Positive Momentum of the Global Economy

Posted by hkarner - 15. März 2017

Posted on by iMFdirect

Lagarde.2015MDPORTRAIT4_114x128By Christine Lagarde

Versions in: عربي (Arabic), Français (French), and Deutsch (German)

Baden-Baden, the German spa town built on ancient thermal springs, is a fitting venue to discuss the health of the global economy during this week’s meeting of the Group of Twenty finance ministers and central bank governors.

Policymakers will likely share a sense of growing optimism, because the recent strengthening of activity suggests that the world economy may finally snap out of its multi-year convalescence. 

Economic prescriptions have played an important part in the recovery, and will continue to do so for some time. Maintaining the positive growth momentum continues to require supportive macroeconomic policies. And the participants at the meetings will need to take action, individually and collectively, to make growth more inclusive and resilient.

Have we reached a turning point? The short answer is yes—at least for now. Growth outturns in the second half of last year were generally solid. Manufacturing and confidence indicators are picking up, and there are signs that global trade volumes are rising along with them. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Germany, the G20, and Inclusive Globalization

Posted by hkarner - 14. März 2017

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »

The Challenge of Economic Inclusion

Posted by hkarner - 12. Januar 2017

Christine LagardeLagarde CC

Posted in Artikel | Verschlagwortet mit: , , , , , , , | Leave a Comment »

Returning to Investment

Posted by hkarner - 7. Oktober 2016

Photo of Richard Kozul-Wright

Richard Kozul-Wright

Richard Kozul-Wright, Director of the Division on Globalization and Development Strategies at the United Nations Conference on Trade and Development, is the author, most recently, of Transforming Economies: Making Industrial Policy Work for Growth, Jobs and Development.

OCT 6, 2016 Project Syndicate

GENEVA – At the G20 summit last month in Hangzhou, China, world leaders outlined an ambitious plan for a “new era of global growth.” But they left out a key ingredient: fixing the investment climate.

Conventional wisdom holds that, through efficient financial markets, household savings will flow to companies that can best put the money to productive use. But in many developing countries, easier access to finance – owing to unrestricted cross-border capital flows and financial-market deregulation – still has not led to more financing for long-term investments, particularly in manufacturing.

Investment decisions depend on a variety of complex factors and contingencies, and a mix of public and private finance is crucial for bringing new projects to fruition. In East Asia, which has experienced rapid growth and development in recent years, policymakers have not only allowed, but encouraged, higher corporate profits, so long as they are channeled into productive investments. As a result, as much as four-fifths of large East Asian companies’ investment spending is funded from retained earnings, while publicly owned financial institutions have helped maintain the pace of investment-led growth. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »

Lessons from G20 Summit Two different routes to the future

Posted by hkarner - 12. September 2016

2016 09 11
By George Koo on September 11, 2016
Chinese President Xi Jinping offered to the world cooperation and collaboration on a path for
common prosperity while Obama offered umbrella of missile defense protection and a path to
death and destruction.
The recently concluded G20 Summit had on display the contrasting style of world leadership
between China and the U.S. as exhibited by their leaders, Xi Jinping and Barack Obama.
China’s President Xi Jinping speaks during the opening ceremony of the G20 Summit in Hangzhou
in eastern China’s Zhejiang province.
Xi’s message to the world was based on cooperation and collaboration. Obama’s message was
for the world to follow the lead of American exceptionalism. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Greater Role to Africa and Developing World in the China-Led G20

Posted by hkarner - 6. September 2016

By on August 30, 2016  RGE EconoMonitorSteinbock

Greater Role to Africa and Developing World in the China-Led G20

As China assumes leadership in the grouping, Beijing wants greater role to Africa and developing world in the G20.

When China’s Foreign Minister Wang Yi spoke in the Hangzhou Summit in May, he made it clear that Beijing intends to cooperate with other G20 countries to deliver ten outcomes. One of these focuses on Africa.

As the G20 host, China’s goal is to “initiate cooperation to support industrialization of Africa and least developed countries (LDCs).” Wang added, “This year, China will encourage G20 members to help Africa and LDCs speed up industrialization, reduce poverty and pursue sustainable development by means of capacity building, investment increase and infrastructure improvement.”

After seven decades of promises by major advanced economies, it is hardly a surprise if Africans feel somewhat wary about such pledges. However, this time may prove different.

Africa’s role in the G20 Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »

The G20 Embraces Green Finance

Posted by hkarner - 6. September 2016

Photo of Ma Jun

Ma Jun

Ma Jun, Chief Economist of the Research Bureau of the People’s Bank of China, is Chair of the Green Finance Committee of the China Society for Finance and Banking.

Photo of Simon Zadek

Simon Zadek

Simon Zadek, Co-Director of the UNEP Inquiry into Design Options for a Sustainable Financial System, is DSM Senior Fellow and Visiting Professor at the Singapore Management University.

SEP 5, 2016, Project Syndicate

BEIJING – The G20’s finance ministers and central-bank governors have begun to undertake a stunning shift in mindset. They have become increasingly convinced that “green finance” – financing environmentally sustainable growth – should be at the center of economic-development strategies. Such an idea, until recently confined to a fringe of academics and policymakers, is potentially one of the most important new “truths” of the twenty-first century.

The conventional economic-development model viewed environmental protection as a “luxury good” that societies could afford only after they became rich. Such thinking explains why the dramatic growth in global income, 80-fold in real terms during the last century, has been accompanied by a decline, according to the United Nations Environment Programme, in natural capital in 127 of 140 countries. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , , | Leave a Comment »