1Why haven ' t falling oil prices boosted the global economy as they did before? A. People are not spe nding all the money they save on gas. B. The global economy is likely to un dergo ano ther recessi on. C. Oil importers acco unt for a larger porti on of the global economy...
By decomposing the Gini coefficient and the Gini coefficient differences by income source, this chapter tries to explore the reasons why the Gini coefficient has been falling in recent years in China. The chapter's analytical framework consists of two parts. The first is to decompose the Gini ...
1Why haven’t falling oil price boosted the global economy as they did before?[A]People are not spending all the money they save on gas.听力一Section A1. [A] It was dangerous to live in2. [B] A storm3. [B] They were trapped in an underground elevator4. [C] They sent supplies...
We explore why Asia's economy will be the furnace in which a new era is forged and why it may experience heightened versions of global challenges.
As a result, the short-term net impact of digitization is unclear. We have found that digitization has not yet reached scale, with a majority of the economy still not digitized. The McKinsey Global Institute has calculated that Europe overall operates at only 12 percent of digital potential, ...
“In the future, when the Japanese economy becomes more globalised, they will need people who understand what is happening in the rest of the world.” Then Japan will have the Japanese kids born to international marriages to help it with what happens in the rest of the world.0( +0 / -...
All of these are structural dynamics that won't go away in a few months or years.Let's explore what's different now compared to recessions of the past 60 years.1. Deglobalization is inflationary. Offshoring production to low-cost countries imported defla
Edelberg said the jump in prices for items that people typically buy most often helps explain why many people are disgruntled about the economy — even as Americans have remained confident enough to keep spending at a healthy pace. “Their purchasing power overall,” Edelberg said, ...
Once deflation sets in, it can take years for an economy to break out of its grip. Japan's "Lost Decade" lasted from 1991 through 2001, and even then its growth was slow. But what can central banks do to fight the pernicious and devastating effects of deflation? In recent years, centr...
we account for the important role of expectations of different individuals throughout the economy."9That is, expectations of inflation could be a driver of the conditions behind stagflation even if, all else being equal, economists see less trouble ahead. In fact, this is the trap Volcker thoug...