The Great Debate

The myth of China’s ghost cities

By Wade Shepard
April 22, 2015
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Thames Town, near Shanghai, China. REUTERS/Courtesy of Wade Shepard

Ghost towns tend to start as boomtowns, and contemporary China more than likely has more boomtowns than any other country in history. No economy has ever risen so rapidly and no place has ever built so much so quickly. This rapid growth has resulted in peculiar side effect: ghost cities, everywhere.

from Breakingviews:

EU migration policy is economically short-sighted

By Edward Hadas
April 20, 2015

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Slowing economy won’t alter Xi’s ‘China Dream’

By John Lloyd
April 16, 2015
A picture taken with a tilt-shift lens shows Chinese President Xi seen on a screen inside the Great Hall of the People during the opening session of the CPPCC in Beijing

A picture taken with a tilt-shift lens shows Chinese President Xi Jinping seen on a screen inside the Great Hall of the People during the opening session of the Chinese People’s Political Consultative Conference (CPPCC) in Beijing, March 3, 2015. REUTERS/Jason Lee

Years after the famine, here’s how North Koreans really get by

By James Pearson and Daniel Tudor
April 13, 2015
North Korean leader Kim Jong Un gives field guidance during a visit to the November 2 Factory of the Korean People's Army (KPA)

North Korean leader Kim Jong Un smiles as he gives field guidance during a visit to the November 2 Factory of the Korean People’s Army (KPA) in this undated photo released by North Korea’s Korean Central News Agency (KCNA) in Pyongyang, August 24, 2014. REUTERS/KCNA

from Breakingviews:

Rob Cox: Podemos can improve Spanish capitalism

January 29, 2015

By Rob Cox

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Breakingviews:

Ukraine crisis forced into suspended animation for 2015

December 29, 2014

By Pierre Briançon

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Vladimir Putin in jeopardy on all sides as Russia’s economy stumbles

By John Lloyd
December 18, 2014

Russian President Putin is seen on a screen during his annual end-of-year news conference in Moscow

MOSCOW – What a difference a plunging ruble makes. A few short days ago, Russian President Vladimir Putin was a strategic genius, outplaying Western leaders everywhere – in the Middle East, in China, and especially in Ukraine. Today, he’s the destroyer of his country and his political life could be in jeopardy.

from Anatole Kaletsky:

Ukraine’s frozen war brings dramatic changes to world economy

By Anatole Kaletsky
December 12, 2014

Pro-Russian separatists from the Chechen "Death" battalion take part in a training exercise in the territory controlled by the self-proclaimed Donetsk People's Republic

The “day of silence” observed this week by the Ukrainian army and its pro-Russian rebel opponents was an event of enormous economic importance for global economics as well as geopolitics.

from Hugo Dixon:

Can we live the good life without economic growth?

By Hugo Dixon
December 8, 2014

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Is the good life possible without economic growth?

Merely raising the question challenges the conventional contemporary wisdom that a society’s prime goal should be to boost its income continually. But it is one that the West, especially Western Europe, may have to confront. Europe is not just suffering the after-effects of a nasty cyclical downturn, it has probably entered an era of low growth.

from Anatole Kaletsky:

Stock markets set to take off as Europe, Asia abandon austerity

By Anatole Kaletsky
November 28, 2014

A pedestrian walks past an electronic board showing Japan's Nikkei average outside a brokerage in Tokyo

The Great Divergence is a term coined by economic historians to explain the sudden acceleration of growth and technology in Europe from the 16th century onward, while other civilizations such as China, India, Japan and Persia remained in their pre-modern state. This phrase has recently acquired a very different meaning, however,  more relevant to global economic and financial conditions today.