Macroeconomy & Globalization
Following the Trump administration’s launch of tariffs on steel and aluminum, the director-general of the World Trade Organization (WTO), Roberto Azevêdo, spoke again with Global Finance, about the global body’s role and the expanding trade tiffs that could set off another worldwide economic collapse.
Japan approved new carrot-and-stick tax measures to bring corporate tax down to 25% for companies that raise wages by 3%, and to as low as 20% for those that invest in new technologies such as ICT and internet-of-things, on Thursday.
Carlos Fernandéz Valdovinos, governor of the central bank of Paraguay, was among the world’s top central bankers in Global Finance Magazine’s annual Central Banker Report Cards. Here, he talks with GFMag editor Andrea Fiano about how recovery in big neighboring economies is giving the Paraguayan economy a lift, and the need for reforms to continue.
Karnit Flug, governor of the central bank of Israel, again won an “A” grade in Global Finance’s annual Central Banker Report Cards. She speaks with editor Andrea Fiano about Israel’s economy and the challenge of getting inflation to target, as well as global conditions and the threat of rising protectionism.
In our October issue, Global Finance presents its latest annual grading of the world's central bank governors. Here, we present the nine who received an "A" grade in 2017: those from Australia, Honduras, Israel, Lebanon, Morocco, Paraguay, Russia, Taiwan and the United States.
Which countries lead the global knowledge economy? At least one academic suggests that current assessments of a country’s knowledge base are too narrow and reliant on averages. In research to be presented in April at INSEAD, Kai Chan argues that a nation's brightest talent—not its average capabilities—determine its knowledge capacity.