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Scoop.it!
While we shouldn’t read too much into the Brics expansion, the geopolitical landscape is shifting 
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Scoop.it!
The falling value of the greenback heralds a larger, gradual fragmentation of the international economic order
Graham Watson's insight:
A complex article that looks at the implications of a depreciating dollar - the implications of this for the US economy, and the wider global economy where the dollar serves as the global reserve currency.
Understanding the implications of the former are relatively straightforward - it's getting your head around the latter that is more complicated.
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Descriptions of exchange-rate policies have become increasingly militaristic
Graham Watson's insight:
Excellent Project Syndicate article about the importance of the dollar to the global economy and how recent policy moves might have marginally weakened its position as a reserve currency, not least because a belligerent President has tried to talk the dollar down and his unilateral stance towards Iran.
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The war in Ukraine is hurting the economies of Russia and its neighbour, with both countries expected to experience sharp recessions this year.
Graham Watson's insight:
This Al Jazeera clip looks at the implications of the war in the Ukraine for the global economy, as well as some of the other implications of the conflict - notably the possibility of countries starting to adopt the Chinese yuan as a reserve currency and the possibility of Russia using cryptocurrencies to avoid the worst effects of sanctions. It's an interesting watch.
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The global economy must not suffer the consequences of the US doing too little, too late
Graham Watson's insight:
Mohammed El-Erian - the notorious Cassandra - writes that the global economy needs the United States to lead it, by re-engaging with international financial organisations, global trade more generally, and in providing a global reserve currency - the dollar.
I don't think he's being unreasonable in any of these assertions.
fenue.genjang@gmail.com's curator insight,
July 8, 2020 1:18 PM
This article talks about the economic impact cause by the COVID-19 pandemic in line with the racial crisis and how it will affect the global economy if US policies makers don't work together. US policymakers are divided on many issues, but surely they can agree on the desirability of faster, more inclusive, and more durable growth. US policymakers should work together to restore their country’s global economic leadership, by reinvigorating multilateral policy discussions and improving the functioning of the rules-based global system.
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Another article on the changing global economic gravity - with the rise of developing economies likely to mean that the established order is going to be increasingly challenged going forward, with any amendments to the BRICS likely to be spearheading that move.