Whatever its final impact, in the short-term the UK’s EU referendum will increase global economic uncertainty, market volatility and economic risk. In Africa, most scenarios will prove costly, particularly among those economies highly exposed to UK trade, investment, banking and remittances.
Brexit Adds to Global Uncertainty
Dan Steinbock discussed that UK referendum will foster substantial economic uncertainty, market volatility and political risk, which could lead London and Brussels back to the negotiating deal.
Usury in the 21st Century
Neoliberal deregulation commencing in the closing decades of the 20th century put into play a global financial system which operates as a reincarnation of ancient usury.
Blame Austerity – Not Immigration – For Taking Britain To ‘Breaking Point’
Immigration is at the heart of the Brexit debate and is quite polarised. On one side, the Remain campaign either ducks the issue or focusses on the benefits that immigration brings to the economy as a whole. On the other side, the Leave camp focuses on its costs and plays into fears that migrants are putting pressure on public services that are already at breaking point.
Philippines 2016: Navigating Between the US and China
In the past six years, Washington and Manila have been cementing a military alliance, which is reassuring to many Filipinos but leaves some apprehensive – including the leading presidential contenders.
Britain votes to leave the EU, here’s what happens next
The UK would be the first state to leave the EU but it is most likely that the European Commission, the executive arm of the EU, will do the negotiating on behalf of the remaining 27 member states.
Asia Won’t Be Spared from the Brexit Waves
Amid secular stagnation, Europe’s challenges have increased dramatically in the past few years, while new risks – particularly Brexit – have potential to trigger negative chain reactions, says Dan Steinbock.
Duterte’s Global Impact
From the Editors
On 1st July 2016, Rodrigo Duterte will begin his term as the President of the Republic of the Philippines.
“Without Haste But Without Pause”: Cuba-US Relations in the Age of Obama
By John M. Kirk and Stephen Kimber
This article analyses the significance of the March 2016 visit to Cuba by President Barack Obama, assesses changes in the bilateral relationship since December 17, 2014 (when Presidents Castro and Obama announced the resumption of diplomatic relations after 53 years of hostility), and considers the challenges ahead.
Active Investing? That’s So Twentieth Century
The movement to passive investing has been unrelenting. Investors may harbour doubts that the markets are perfectly efficient, but they increasingly act as though they are, and index funds have become their investment of choice. The twentieth century, however, was a different story. The markets were rife with inefficiencies and a number of savvy investors made great profits by exploiting those inefficiencies. But in the process, market anomalies were eliminated – to the point where most investors now feel confident that securities accurately reflect value and they increasingly allocate their money among passively managed index funds.
EDITOR'S PICK OF THE WEEK
China’s Challenging Search for a New Model of Economic Growth
By Danny Leipziger
China cannot continue to rely on exports to drive its growth, but what are the alternatives?
China ran a $1.2 trillion trade surplus last year, and despite admonitions from the IMF to rely...
