In a rapidly digitalizing world, central banks are staring down a future in which they may lack the tools necessary to manage crises, and in which they may no longer be able to protect their monetary sovereignty. They should recognize that digital currency is a source of institutional salvation.
thinks governments must embrace central bank digital currencies or risk a fundamental loss of control.
With recent landmark legislation to support decarbonization and innovation, the United States is making up for lost time after its failed 40-year experiment with neoliberalism. But if it is serious about embracing a new paradigm, it will need to do more to help bring the rest of the world along.
explains how to minimize the political risks of new spending packages in the US and Europe.
Log in/Register
Please log in or register to continue. Registration is free and requires only your email address.
香港 – 上个月,世界的注意力都集中在中国共产党第20届全国代表大会上。 除了引人注目的新闻 — 特别是习近平主席确认第三次连任之外,大会还发布了一份发人深省的报告,习主席在报告中指出,面对前所未有的外部和内部挑战,党和国家必须为未来更艰难的时刻做好准备。
在前两个任期内,习主席首先专注于巩固领导力和根除腐败。在社会经济政策方面, 他的首要任务是消除绝对贫困和建设“小康社会”。但在未来五年,习主席计划对国家发展方针进行重大调整,把维护国家安全(而不是只发展经济)作为他执政的首要目标。作为习主席《中国制造2025》战略的一部分,中国经济将通过在关键技术和材料,例如半导体,等领域实现自力更生来服务于国家安全。
当然,中国的经济正受到重大负面冲击。2022年第三季度,经济增长仍然疲软,增长率仅为3.9%,尤其是疫情清零政策导致许多城市和地区市场活动停顿。房地产市场受到严重冲击,二十大会议结束后,股市曾经跌至创纪录低点。失业率也还在攀升。
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
Subscribe
As a registered user, you can enjoy more PS content every month – for free.
Register
Already have an account? Log in