By Joe Zhang
“If President Xi Jinping wants Chinese people to realise their own ‘China dream’, he must tame the credit monster. Shadow banking is only the shadow, not the monster waiting in the shadows.” Below, Joe Zhang argues that shadow banking is merely the tip of the iceberg, disguising the real, underlying problem: excessive credit expansion.
By Lourdes Casanova and Julian Kassum
This article examines Brazil’s hybrid development model, which combines macroeconomic orthodoxy with certain features of state capitalism, as well as pro-active social inclusion policies. Lourdes Casanova and Julian Kassum identify and analyse the five pillars of the Brasilia Consensus: macroeconomic stability, social programs, domestic demand, state-led industry development and political consensus.
By Usha C. V. Haley and George T. Haley
How did China move so swiftly in capital-intense industries without labour-cost or scale advantage from bit player to the largest manufacturer and exporter in the world? Below, Usha and George Haley argue that subsidies contributed significantly to China’s success.
By Terence Tse, Mark Esposito, and Olaf Groth
While Russia’s growth in the early 2000s inspired confidence in its potential as a global economic powerhouse, falling international oil prices and foreign military exploits have slowed the pace of growth and left Russia’s future uncertain. Below, the authors outline two potential scenarios and argue that only with an innovative long-term strategy focused on developing a science and technology “String of Pearls” can Russia secure its future as a global power.
By Patrick Imam
Patrick Imam explores how a population with an ageing demographic requires certain monetary policy in order to be effective in the post-crisis era. Factors that will need to be taken into consideration, he argues, include the structural transformation in the credit market, and changes in the way monetary policy affects the expectations of businesses and consumers.
How should we approach legal decisions regarding private property for public use? How can constitutional risk be managed in order to maximise the benefits? In this article adapted from the author’s book The Constitution of Risk, Adrian Vermeule explores such questions, looking at the role of constitutional risk within free market development, financial regulation, and how constitutional rulemakers are able to optimise strategy in these fields.
Shock from Graying: Are Grandparents Responsible for the Weakening of Monetary Policy Effectiveness? Global Cities New Capitalism: A Holistic Approach to Development Development A Watershed in the Financing of Infrastructure for Water Security Law Sustainability Sustainability: Getting Down to Business Climate Change: What It Means for Us, Our Children, and Our Grandchildren Russia United States Brazil China The Hidden Advantage Of Chinese Subsidies
Finance
Making Sustainable Attainable
Ian Brooks
Patrick Imam
Cities in a Global Order
Simon Curtis
Interview with Jan Sturesson
Gearing Corporate Reporting to Promote Sustainable Development
James X. Zhan
John Briscoe
The Constitution of Risk
Adrian Vermeule
Climate Change: Legal, Financial, Economic and Risk Management Issues
Tapen Sinha
Interview with Nikos AvlonasIs Effective Waste Collection the Key to a Circular Economy?
Jonas Törnblom
J. F. C. DiMento, P. Doughman and S. Levesque
Toward a New Global Russia: Leaving the BRICS Behind
Terence Tse, Mark Esposito, and Olaf Groth
America’s Never-Ending War in the Middle East
Flynt Leverett and Hillary Mann Leverett
The Brasília Consensus: Looking For A Second Wind
Lourdes Casanova and Julian Kassum
Contemporary Business and Management Challenges in China
David De Cremer and Jess Zhang
Usha C. V. Haley and George T. Haley
By Glyn Atwal and Douglas Bryson
The progressively unpredictable dynamics of the BRIC markets are now challenging luxury brands to rethink their global market strategies. Below, Glyn Atwal and Douglas Bryson argue that as luxury brands seek to adapt to new market circumstances, attention has begun to shift to new frontiers.
