There are three negative supply shocks that could trigger a global recession by 2020. All of them reflect political factors affecting international relations, two involve China, and the United States is at the centre of each. Moreover, none of them is amenable to the traditional tools of countercyclical macroeconomic policy. The first potential shock stems from the Sino-American trade and currency war, which escalated this month when Donald Trump’s administration threatened additional tariffs on Chinese exports, and formally labelled China a currency manipulator. The second concerns the slow-brewing cold war between the US and China over technology. In a rivalry that has all the hallmarks of a “Thucydides Trap,” China and America are vying for dominance over the industries of the future: artificial intelligence (AI), robotics, 5G, and so forth. The US has placed the Chinese telecoms giant Huawei on an “entity list” reserved for foreign companies deemed to … [Read more...] about The next global recession will be immune to monetary solutions
Vietnam seeks to entrench itself in global value chain vnexpress international
NEW DELHI: Corporate India witnessed merger and acquisition deals worth USD 1.5 billion through 28 transactions in October, registering a 45 per cent decline over the same month last year, a report said on Thursday. According to Grant Thornton's latest M&A Dealtracker, there were 28 M&A deals worth USD 1.5 billion in October this year, while in the same period last year 47 such deals were announced worth USD 2.8 billion. While the overall M&A deal value and volume in October declined as compared to the year-ago period, on a month-on-month basis, there was an increase, showing signs of improved sentiments. "This was driven by the corporate tax cut, which has improved both investor sentiment and confidence. This also resulted in the average deal size more than doubling from USD 24 million in September 2019 to USD 55 million in October 2019," the report said. The energy sector dominated October's M&A in terms of values with 64 per cent contribution to total M&A … [Read more...] about India Inc’s M&A deal value slips 45 pc to USD 1.5 bn in October: Report
China's President Xi Jinping intends to tell you a story. But first he's going to try it out on the world's political leaders. Not those of the United States, Japan, India or much of the European Union. They've declined the invitation. But this weekend Mr Xi is gathering all the presidents and prime ministers he can muster in Beijing, hoping to inspire them with a vision about China as a force for good in the world. Xi Jinping came to power five years ago with a determination that China should stop hiding its light under a bushel. Instead of creeping up timidly on the world order, he felt it should walk tall as a mighty and ancient civilisation which had gone from marginal economic player to the world's biggest trading nation in less than four decades. "The relationship between China and the rest of the world is undergoing historic changes. Tell China stories well," he urged the nation's media, diplomats and think tanks, adding that they must present China as a builder of world peace … [Read more...] about China’s big push for its global trade narrative
Story highlights The status of teachers varies widely around the world Countries who focus on teacher training tend to see better results in students Teacher status is not always aligned with the countries where pay is highest (CNN)All over the world, proud parents drop their children at the gates of schools, dreaming about what they might accomplish after years of study and homework. They entrust teachers with the duty of nurturing their development and opening their eyes to a world of possibilities. It's a huge responsibility -- but is that responsibility reflected in their social status and pay? October 5, is World Teachers' Day, so here's a look at how the world values teachers. Global teacher status A 2013 study by the Varkey Foundation looked at the social status of teachers and found that there was great respect for teachers in many Asian societies -- especially in China, South Korea and Singapore. For much of the Western parts of the world, levels of respect were … [Read more...] about Who are the world’s most valued teachers?
In the picture, the girl will always be 9 years old and wailing "Too hot! Too hot!" as she runs down the road away from her burning Vietnamese village. She will always be naked after blobs of sticky napalm melted through her clothes and layers of skin like jellied lava. She will always be a victim without a name. It only took a second for Associated Press photographer Huynh Cong "Nick" Ut to snap the iconic black-and-white image 40 years ago. It communicated the horrors of the Vietnam war in a way words could never describe, helping to end one of the most divisive wars in American history. But beneath the photo lies a lesser-known story. It's the tale of a dying child brought together by chance with a young photographer. A moment captured in the chaos of war that would be both her savior and her curse on a journey to understand life's plan for her. "I really wanted to escape from that little girl," says Kim Phuc, now 49. "But it seems to me that the picture didn't let me go." It was … [Read more...] about Girl from AP’s Vietnam napalm photo finds peace with her role in history