At the initiative of both China and African countries, FOCAC was inaugurated at its first Ministerial Conference in Beijing in October 2000, with the goals of responding to the challenges emerging from economic globalization, and seeking common development. Over the past two decades, FOCAC has becom...
Countries and companies worldwide have made commitments to get to net zero. But there’s another challenge of equal scale that demands the same urgency: addressing poverty in a decisive way. These goals are linked and have to be tackled in tandem, write Anu Madgavkar and Lola Woetzel inDeve...
The year 2023 marks the mid-point of the 15-year period envisaged to achieve the Sustainable Development Goals, targets for global development adopted in September 2015 by all United Nations Member States.
As China-Africa cooperation under the BRI shifts from "broad" to "cautious and detailed", there is an urgent need to strike the right balance between deepening cooperation and preventing risks. The aim of this research is to systematically evaluate the validity and challenges of this initiative, ...
Continue reading to explore an analysis of the industries most significantly affected by these trends. For a broad overview of the state of our workforce, check out our America Works Data Center. An in-depth look at how the worker shortage is impacting the nation is here, and a state-...
By late 2022, instability in the global economy and the balance sheet had become apparent.2,” McKinsey Global Institute, December 2022. In 2022 alone, households lost $8 trillion of wealth.The future of wealth and economic growth hangs in the balance. How long might stress in the financial...
For example, searching for “kitchen sales statistics” will turn up a lot, but it won’t be very useful because the term is so broad. Do you see why having a more defined, profitable niche is so important? It comes up over and over again. ...
and because it is more likely that sharp rises in relative prices in key sectors give rise to broad-based inflation when the economy is running near full capacity. Better models of aggregate supply —including those that take more account of capacity constraints at the sectoral level – are als...
The company noted that if one tower fell, eight more could be brought down at the same time; however, because of redundancy in the transmission system, loss of electricity would not occur. An example of a broad, regional disruption is the Northeast–Midwest blackout of August 14, 2003. It...
both amounting to US$1.1 trillion. This is a remarkable achievement considering the surge in spending on oil and gas capacity due to energy security concerns in several regions. However, substantially larger investments are required to achieve the world’s energy transition goals, with estimates...