USA Lost Global Financial Hegemony
The global financial order with the hegemony of the United States has broken down and a new order with a new hegemony is taking time to emerge as China is refusing to assume the vacant central role. The international monetary system is in chaos trying to establish order to avert currency war and trade protectionism. [...]
China to lead G20 Summit
Leaders of the western industrial nations and emerging economies are gathering together to participate in G20 summits for the first time in Asia to negotiate an agreeable global economic solution to prevent economic protectionism that satisfies both the developed western nations and the emerging economies. Developed western economies with very low growth rate are facing [...]
U.S. Economy To Boom And Bust Again?
United States federal reserve announcement on Wednesday to purchase additional treasury bonds worth 600 billion dollars as part of second round of “quantitative easing” to enhance weak economic growth raised concerns for the emerging economies. The Fed said in a statement “The pace of recovery in output and employment continues to be slow”. The Fed [...]
Bashing China Solves No Problems
The campaign for US Congress election has united democrats and republicans in China bashing for all their economic woes. Republicans are expected to win majority seats in Congress and participate in US governance with Democrats to tackle with difficult economic challenges of high unemployment and massive deficit. United States needs to invest more in research, [...]
China’s Five-Year Development Plan
The Chinese Premier Wen Jiabao stressed the need to step up the modification of the economic development pattern by extending economic reform and opening-up further to build a moderately prosperous society at the Fifth Plenary Session of the 17th CPC Central Committee on October 15. The premiere blamed resource and environment bottleneck, enlarging income gap, [...]
US Loses Global Economic Hegemony
World is quickly becoming multi-polar as US is losing its hegemony over the world and other global players like Europe Union, and China are pushing for a greater share in global leadership. The shift of economic power from western industrial nations to the emerging nations is finally recognized by the international financial institutions in a [...]
Ibrahim Sajid Malick is a Pakistani-American writer, technologist, and social entrepreneur. He has been writing on Pakistani society and politics since 1986. He has held several media, communications, and technology positions for organizations large and small. Mr. Malick graduated from New School for Social Research with a master’s degree in anthropology. He holds several technology and management certifications. He works for a leading technology firm and blogs at www.ibrahimsajidmalick.com