Seeking to become a dominant force in global high-tech manufacturing, the Chinese government launched what’s being called “Made in China 2025.” By using subsidies, mobilizing state-owned enterprises, and pursuing intellectual property acquisition, the program aims to catch up with, and then surpass, western technological prowess in advanced industries. However, Washington argues that the policy relies […]
Under the leadership of President Donald J. Trump, the United States of America is progressively distancing from its global leadership role. President Trump is clear that he wants American dollars spent on American people. In line with this ethos, America has withdrawn from major treaties to focus on getting its own house in order – […]
On October 27, 2017, new auction rounds for the eight pre-salt blocks in Brazil were launched. As the Brazilian government approved a new regulatory framework for the bidding process to allow more investors, 14 foreign companies and two Brazilian entities were qualified to participate in the auction. As a result of the auction, The National Agency […]
Amidst political chaos and uncertainty, Brazil’s economy continues on its path to recovery receiving a vote of confidence by ratings agency Moody’s. There is hope Brazil will be able to continue the necessary economic reforms once a new President takes office next year. On 9 April, two days after former President Lula’s arrest, ratings agency Moody’s improved the […]
Today Colombia is faced with one of the biggest migration crises in the world. As Venezuela continues to plummet to the depths of depression, roughly 35,000 Venezuelans cross the Colombian border daily in pursuit of survival. Fifteen months into the controversial peace treaty which ended 52 years of civil war, Colombia remains a socially and […]
The Russian economy returned to growth in 2017 after several years of recession. However, there are still major challenges ahead, including the need for budget reform, a financial sector overhaul, and the risk of sanctions. Natalia Orlova, Chief Economist and Head of Macro Insights at Alfa Bank, offers her expert view on these issues to GRI’s Michael […]
Recent US Commerce Department figures showing a widening of the country’s trade deficit serve to illustrate the inherent contradictions in President Trump’s vow to narrow the gap while urging faster economic growth.
Not many may know that Ethiopia was among the first countries to join the International Monetary Fund (IMF) when the latter was formed on 27 December 1945. Nevertheless, it took another 72 years for Ethiopia to welcome its first visit from the IMF Managing Director, in this case, Christine Lagarde who in December 2017 visited Addis […]
The medium-term outlook in Spain is under pressure from three issues. Its politicians will have to act judiciously to avoid a constitutional crisis.
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