Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Yale’

Xi’s Party‑State at 70: Feeling the Itch

Posted by hkarner - 21. Februar 2020

Date: 20‑02‑2020

Source: YaleGlobal by Börje Ljunggren

The coronavirus and economic challenges notwithstanding, China’s leaders are ambitious, determined to be second to none. For now, the Chinese Communist Party is intent to avoid the fate of the Soviet Union, which rose in December 1922 and fell in December 1991. Modern China, impoverished in 1949, has transformed itself into a superpower, explains Börje Ljunggren, author and former Swedish ambassador to China and Vietnam. China advanced by embracing globalization and borrowing economic tools of the West while rejecting the goals of Western‑style democracy. The party remains in firm control. “With close to 90 million members and more than 4 million basic units, the party is ubiquitous, in media and civil society, at companies and universities and, not least, in the armed forces,” Ljunggren writes. “The elitist nature of the Communist Party is maintained through a complex system based on selection, loyalty and discipline.” The party’s resistance to criticism, even questions and suggestions with leadership evading accountability, remains a major obstacle for China securing global leadership. –

Authoritarian resistance to criticism and full accountability of leadership may limit China’s global ambitions Den Rest des Beitrags lesen »

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

World Population: 2020 Overview

Posted by hkarner - 13. Februar 2020

Date: 12‑02‑2020

Source: YaleGlobal by Joseph Chamie

Understanding global demographic trends is essential for government and business planners, offering insights into resolving numerous challenges. World population growth is slightly ahead of what was projected a few years ago, reports demographer Joseph Chamie. More than half the world lives in urban areas today, and that is expected to rise to 70 percent by 2050. Most population growth will continue in less developing nations while advanced economies experience population declines and greater proportions of elderly citizens due to increased life expectancy and reduced fertility rate. Chamie explains that more than 80 countries, half the world’s population, now post fertility rates below the replacement level. That leaves fewer workers available to support each individual over age 65, compelling governments and individuals to prepare for long retirements. Good planning can also prevent a variety of other hardships including food and water shortages, poverty, environmental degradation and even security crises. In 2011, former UN Secretary‑General Ban Ki‑moon pointed to the value of demographics and planning. “We cannot look at one strand in isolation,” he said. “Instead, we must examine how these strands are woven together.” –

Governments and businesses can better manage resources by planning around population trends, including urbanization and aging Den Rest des Beitrags lesen »

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

How the Wealthy Sell Treasures Tax‑Free

Posted by hkarner - 7. Februar 2020

Date: 06‑02‑2020

Source: YaleGlobal by John Zarobell

Governments have long encouraged minimal or no taxation in free trade zones and freeports to encourage commerce and economic activity, and the concept of secure warehouses for luxury goods in transit began with the Geneva Freeport in the late 19th century. Such complexes expand worldwide as collectors, investors and even criminals seek permanent places to store and sell their treasures. “Freeports are the equivalent of the Swiss bank account for holders of luxury goods – storage facilities that shield contents from regulatory authorities in the owners,” explains author John Zarobell, chair of International Studies with the University of San Francisco. “Goods stored in a freeport are considered offshore, officially not residing in any country at all. So import and export taxes – as well as wealth and estate taxes – do not apply. Too many furtive transactions go unreported and unregulated, and governments try to catch up and prevent lost tax revenues. Speculation, rising inequality and concentration of wealth are irrevocably changing markets of all types, including the art industry.

More freeports open around the world, operating in secret, de Den Rest des Beitrags lesen »

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

Global Economy Struggles With Negative Rates

Posted by hkarner - 11. November 2019

Date: 10-11-2019
Source: YaleGlobal: Will Hickey

Japan and the EU use negative interest rates to maintain feeble economic growth, but such low rates for the US could destabilize the banking system

To sustain economic growth, central banks in advanced economies have steadily reduced interest rates, encouraging consumers to spend. About 30 percent of the world’s investment-grade securities is in negative rate territory – which means lenders and savers pay others to use their funds. But economies are not so easily moved. “Cheapening money to incentivize economic activity is no longer working,” explains author Will Hickey. “European central banks in particular are out of ideas to jump-start economic activity. The near negative and declining interest rates in developed countries around the world have caused the dollar to soar, which has a knock-on effect in developing countries like Indonesia, Turkey and Nigeria that have borrowed heavily in dollars and must repay them from earnings in local currencies that have steadily devalued.” Negative rates are especially harmful for pension funds and the retired who rely on interest income. One economist warns against US reliance on negative rates, which could destabilize the banking system. New ways to spur economic activity are needed, and that includes innovation. – YaleGlobal
Den Rest des Beitrags lesen »

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

Will China Save Transatlantic Relations?

Posted by hkarner - 27. Juni 2019

Date: 26-06-2019
Source: YaleGlobal by Michal Romanowski

With democracies abruptly reversing positions on trade or climate change, once trusted alliances seem temporary in nature. “The multilateral world order is slowly fading into the past with new alliances forming and established ones questioned by their founders,” observes Michal Romanowski. “The United States seems to pursue an isolationist policy, Europe is internally undecided, and China and Russia have cemented their marriage of convenience.” Romanowski, a fellow with the German Marshall Fund of the United States in Warsaw, argues that the transatlantic relationship has never been weaker. The United States is convinced that China is an adversary while Europe’s leaders are divided about whether China represents opportunity or threat. Europe could benefit from conflict between China and the United States, or pick sides. A strong mutual alliance that develops comprehensive policy beyond trade without arrogance or naiveté offers the best path for an effective China agenda, smooth transatlantic relations and cooperation on leading global challenges. –

Europe’s leaders, divided over China as opportunity or threat, must decide on benefiting from a US-China conflict or choosing sides Den Rest des Beitrags lesen »

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

The Rise and Fall of Theresa May

Posted by hkarner - 19. Juni 2019

Date: 18-06-2019
Source: YaleGlobal by Joan Johnson-Freese and Chuck Houston

Theresa May resigned as Britain’s prime minister after a turbulent three years and failure to ensure a smooth exit from the European Union. “Given that Brexit passed by narrow margins –51.89 percent leave, 48.1 percent remain – regardless of what a leader proposed, around half the British people would be unhappy,” explain Joan Johnson-Freese and Chuck Houston. “But that doesn’t inherently mean a Brexit deal was impossible.” Many critics focused on gender in scrutinizing May’s Brexit failures. Yet, May did not rely much on accommodation, collaboration and other attributes typically associated with women leaders during conflict-management scenarios, all of which could have been useful for the Brexit impasse. Britain’s first woman prime minister, Margaret Thatcher, was known as “Iron Lady” and a staunch nationalist even as British voters sought closer ties with Europe. May was described as out of touch, wooden and “Maybot” for a country that remains uncertain about its ties with Europe and the rest of the world. Brexit failure and bitterness were inevitable for the divided nation. Still, there could be a backlash against other women leaders until voters simply assess candidates as individuals, regardless of their gender.

Brexit might have succeeded if Britain’s second female prime minister had relied on more collaboration and compromise to unite a divided electorate Den Rest des Beitrags lesen »

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

A Trade Love Triangle

Posted by hkarner - 17. Mai 2019

Date: 16-05-2019
Source: YaleGlobal

Networks of trade contribute to peaceful relations among nations, but Europe, China and the United States are finding themselves in a challenging love triangle. Increasing US antagonism on trade may move other economies closer together, explains Xueying Zhang, a 2018-2019 Fox Fellow at Yale University. For example, the European Union and China reached joint agreement in April to deepen their partnership on trade. “The EU is China’s biggest trade partner and China is the EU’s second biggest trading partner behind the United States,” she notes. Europe remains divided over whether China is a valuable partner and major market or ruthless competitor, especially after Chinese foreign direct investment in Europe reached record highs. Trade negotiators in Brussels aim for a tough stance on business practices, and Zhang suggests that momentum requires specific goals, rules-based order and guidance. Half of EU member states have signed memoranda of understanding on China’s Belt and Road Initiative. EU members devise foreign-investment screening measures to ensure order, and a new investment access deal with China could unfold in 2020. As the Rhodium Group notes, reciprocity is a guiding principle for economic globalization. – YaleGlobal

Economies reexamine their partnerships for a changing world order; increasing US antagonism on trade moves the EU closer to China Den Rest des Beitrags lesen »

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

Brexit Agonistes

Posted by hkarner - 13. April 2019

Date: 12-04-2019
Source: YaleGlobal by Jolyon Howorth

With Brexit, the United Kingdom’s notions of global stature with its leaders calling the shots on trade or regulations are in question. “In joining the European Union, the United Kingdom was a supplicant, twice vetoed by France’s General Charles de Gaulle,” observes author Jolyon Howorth, visiting professor with Harvard Kennedy School. “In leaving, the UK again becomes supplicant.” UK Prime Minister Theresa May had to plead for an extension after Brexit plans failed to capture a parliamentary majority. The European Union complied, setting a new deadline with the condition that the United Kingdom “refrain from any measure which could jeopardise the attainment of the Union’s objectives.” Europeans, weary of the battle, are inclined to cut loose a country regularly agitating to get its own way or leave. To ease polarization, the United Kingdom must determine its identity and capabilities, Howorth concludes, and when ready, try rejoining the European Union again as constructive partner. – YaleGlobal

EU members are ready to set the United Kingdom free, setting a deadline for Brexit with an expectation of no disruptions

Rebuffed supplicant: European Commission President Jean-Claude Junker works out a Brexit extension with UK Prime Minister Theresa May; early on, French President Charles de Gaulle twice vetoed British entry into the European Community, suggesting the nation was fundamentally not ready Den Rest des Beitrags lesen »

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

China’s Challenge to a US-Led World Order

Posted by hkarner - 24. März 2019

Date: 23-03-2019
Source: YaleGlobal

The United States and the Soviet Union, convinced that their ideologies were incompatible, engaged in a Cold War during the latter part of the 20th century. Some suggest similar hostility emerges between the United States and a fast-rising China. “Chinese leaders repeatedly stress that China remains a powerful supporter of the current order, taking action not to replace existing organizations, but supplementing to strengthen the current order,” argue Xueying Zhang and Yue (Hans) Zhu. Zhang, a Fox International Fellow at Yale University, pursues a doctorate degree in international relations at Fudan University; Zhu is a graduate student in economics at Yale. China readily adapted to the current world order, abandoning its Soviet-style planned economy and embracing many principles of economic globalization. The country exerts global influence, often by filling power vacuums left by wavering US positions, including withdrawal from the Paris Agreement on Climate Change and the UN Human Rights Council. China also invests in research and technology while organizing the far-reaching Belt and Road Initiative and the Asia Infrastructure Investment Bank. Nations struggle with internal divisions over climate change, terrorism, refugee and immigration crises, and world order remains in play as long as global leaders neglect major challenges. – YaleGlobal

Climate change, terrorism, refugee crises erode the US-led world order, and China seeks a power balance to address the problems

Globalization and global governance: China’s President Xi Jinping pledges to support economic globalization while Chinese army joins with UN Peacekeeping forces Den Rest des Beitrags lesen »

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

Trump and Destruction of the American Mind

Posted by hkarner - 20. Januar 2019

Date: 19-01-2019
Source: YaleGlobal by Louis René Beres

Donald Trump completes two years as president, and one characteristic of his term has been disdain for scientific evidence, historical perspectives, educated opinions and traditional alliances. These attitudes are not Trump’s own and the presidency represents longstanding mistrust of elites, experts and foreign ties. “To wit, in Trump’s deeply fractionated American republic, we the people now inhabit a rapidly descending ‘hollow’ land of unending submission, crude consumption, dreary profanity and immutably shallow pleasures,” argues Louis René Beres, emeritus professor of international law at Purdue University. “Bored by the suffocating banality of daily life and beaten down by the grinding struggle to stay hopeful amid ever-widening polarities of wealth and poverty, Americans grasp anxiously for almost any available lifeline of promising distraction.” Beres questions the purpose of a society that prioritizes its comfort over the very real survival of refugees fleeing war in Syria or poverty in Central America. Americans are exhausted and manipulated, and even great wealth cannot protect them from alienation, meaningless existence and perhaps catastrophe. The US could rise again as global leader, Beres concludes, but only if the nation takes stock of how far it has fallen. – YaleGlobal

The first two years of the Trump presidency have been characterized by disdain for intellect, history, science and expertise Den Rest des Beitrags lesen »

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