Insights

More Insights

The World Trade Organisation: From Dithering to Withering?

The World Trade Organisation: From Dithering to Withering?

Global Economy

The 1st of January 2018 marked the 70th anniversary of the entry into force of the General Agreement of Tariffs and Trade (GATT). Back in 1948 the GATT had just 23 signatories and was focussed mainly on reducing tariff barriers to trade in goods. In the intervening period the...

08 Feb 2018

Muddling Through: The World Bank & IMF Annual Meetings Confront a Leaderless World

Muddling Through: The World Bank & IMF Annual Meetings Confront a Leaderless World

Global Economy

Representatives from almost 190 countries have met in Washington DC for the annual meetings of the International Monetary Fund (IMF) and the World Bank. These events, the pinnacle of the IMF/World Bank calendar, bring the world’s finance ministers and central bank governors together with representatives of business, civil society...

16 Oct 2017

GCC correct to Focus on Vietnam’s Economic Success

GCC correct to Focus on Vietnam’s Economic Success

Global Economy

That the world’s centre of economic gravity is shifting towards Asia is now almost universally accepted. Amongst the GCC this is increasingly reflected in the deepening, or the desire to deepen, interdependencies with countries from the Asian region. Perhaps inevitably most discussions have centred on the GCC’s ties with...

12 Jan 2017

Local difficulties? – The G20 confronts de-globalisation

Local difficulties? – The G20 confronts de-globalisation

Global Economy

Earlier this month the world’s leading politicians and their entourages descended on the eastern Chinese of city of Hangzhou for the G20 Summit. Looming large in the background was a series of events, not least the British referendum result in favour of exiting the European Union, symptomatic of a...

20 Sep 2016

The Global Financial Stability Review

The Global Financial Stability Review

Global Economy

Overview The outlook for the global economy has deteriorated causing an increase in financial market volatility this year. More uncertain global growth prospects and declines in inflation expectations could produce sustained economic and financial weakness as well as intensified concerns about global financial stability. The IMF pointed out in...

28 Jun 2016

The Group of 20 Limps Along

The Group of 20 Limps Along

Global Economy

At the height of the global financial crisis in 2008, the Group of 20 (G20) was elevated from a group of finance ministers to a heads of state meeting. The G20 won plaudits for effectuating a coordinated response that helped to mitigate the crisis and for seizing the opportunity...

28 Jun 2016

Tomorrow never comes: Why Africa’s Economic ‘rise’ may yet fall flat

Tomorrow never comes: Why Africa’s Economic ‘rise’ may yet fall flat

Global Economy

Since it (in)famously dubbed Africa the ‘hopeless continent’ the Economist has undergone something of an epiphany. In the intervening period the magazine has regularly eulogised about Africa’s performance and potential culminating in its rechristening in a 2013 special report as the ‘hopeful continent’. This volte-face epitomizes the seemingly unquenchable...

21 Jun 2016

UAE Economic Diversification Record

UAE Economic Diversification Record

Global Economy

After the global oil price has fallen almost 70 % since mid-2014, oil exporting countries have felt the impact of the lower prices on growth rates, trade figures and public finances.  Despite the negative impacts of the fall in oil prices, the UAE Government remains positive about the country’s...

14 Jun 2016

Phoenix Rising? The Group of 7 System

Phoenix Rising? The Group of 7 System

Global Economy

The leaders of the Group of 7 (G7) countries will convene for their 42nd Annual Summit in Ise-Shima, Japan on 26-27 May. The G7 originated in a series of ad hoc meetings convened by finance ministers grappling with the aftermath of the collapse of the Bretton Woods system. Sensing...

17 May 2016

Diversifying GCC Economies: The prospects and pitfalls of financial services

Diversifying GCC Economies: The prospects and pitfalls of financial services

Global Economy

As other Trends contributions have observed, the slump in global oil prices has reignited the debate surrounding the need to diversify the economies of the Gulf Cooperation Council (GCC). Speaking at the Arab Fiscal Forum in February 2016 Christine Lagarde, the IMF Managing Director, revealed that oil exporters in...

03 May 2016

New Economic/Security Challenges Force Gulf States Strategy Rethink

New Economic/Security Challenges Force Gulf States Strategy Rethink

Global Economy

The Gulf states have entered a period of unprecedented uncertainty when the three key pillars underpinning the region’s stability and development appear less dependable than in the past. To overcome these multiple challenges the GCC will need to re-examine the bases of its domestic, regional and global policies. Since...

24 Feb 2016

Economic Diversification in the Gulf in 2016

Economic Diversification in the Gulf in 2016

Global Economy

Economic planning and the outlook for the Gulf region has been in the spotlight in recent weeks.  The most recent highlight is the possibility that Saudi Arabia might sell off some shares in Saudi Aramco, which has generated many column inches in the world’s financial press.  What lies behind...

25 Jan 2016

Page 1 of 212