The Rise of the Petroyuan and the Slow Erosion of Dollar Hegemony
By Flynt Leverett and Hillary Mann Leverett
For seventy years, one of the critical foundations of American power has been the dollar’s standing as the world’s most important currency. For the last forty years, a pillar of dollar primacy has been the greenback’s dominant role in international energy markets. Today, China is leveraging its rise as an economic power, and as the most important incremental market for hydrocarbon exporters in the Persian Gulf and the former Soviet Union to circumscribe dollar dominance in global energy—with potentially profound ramifications for America’s strategic position.
Internationalising Media Studies
By Daya Thussu
For hundreds of years the West has dominated the world of Media Studies, but Daya Thussu is about to prove to us that countries such as China and India are fast becoming a challenge to the Western hold on the world of Media Studies.
Brazil: Shaping a New Strategy for Global Trade & Investment
Brazil’s economic strategy is the expression of an approach that is mostly insular, privileging through every angle its domestic market over a more incisive interaction with the global economy. Below, Marcos Troyjo argues that becoming more of a big player in the global economy would definitely represent a major change for Brazil, which has traditionally looked to its domestic market as the driver of growth.
How Finance is Shaping the Economies of China, Japan, and Korea
By Yung Chul Park, Hugh Patrick, and Larry Meissner
In what ways, and to what degree, has the financial system mattered, and what roles has it played, in the Japanese economy since about 1990, in the Korean economy since about 1980, and in the Chinese economy since its reform process began in 1978? These topics are taken up in this extract from How Finance is Shaping the Economies of China, Japan, and Korea. Ultimately, the fact of rapid catch-up growth in each country is the best evidence that financial intermediation has, somehow, been successful. Finance does matter.
EU Post-Crisis Resilience and Fragility: Collateral Damage or Global Recovery
There is a perception of steady economic recovery across the post-sovereign debt crisis within the European Union (EU) and the Eurozone. Data and market-driven indicators, however, belie weaknesses and danger points revealed in the EU parliamentary elections on 25th May, 2014. Below, Irene Finel-Honigman examines both the recovery and the underlying damage and risks that are also present.
The National Origins of Policy Ideas
By John L. Campbell and Ove K. Pedersen
In this article John Campbell and Ove Pedersen argue that the way policy ideas are generated by knowledge regimes varies considerably across countries; and the effect on national politics is significant.
EDITOR'S PICK OF THE WEEK
The Performance and Transformation Orchestrator: The CFO’s New Mandate in the Age of AI
By Terence Tse
CFOs are evolving into AI-driven transformation orchestrators, balancing finance, technology, and strategy while upskilling teams, managing risks, and driving measurable business value.
A key insight from this year’s AI for CFOs event, organized...
