By Michael Jarvis* WASHINGTON DC | 20 June 2025 (IDN) — Fiscal justice is often treated as a technical topic, the domain of economists and policymakers. But at its core, it’s about fairness. For example, it’s about how public money is raised and spent, and who gets a say in those decisions. It also means […]
Kuala Lumpur Summit Reflects Shift To The East In The Global Economy
By Kalinga Seneviratne BANGKOK, Thailand | 6 June 2025 (IDN) — The last week of May marked an important landmark in the shift in the global economy to the East when countries representing over 2 billion people and a combined economy of over US$ 25 trillion came together to chart a new path for a […]
Tariff Turmoil: Overreliance on Distribution Instead of Growth
By Jayasri Priyalal* SINGAPORE | 2 June 2025 (IDN) — The unilateral declaration of reciprocal tariffs by U.S. President Donald Trump on trading partner countries has unfolded myriad uncertainties heightening the geopolitical and economic tensions. Immediate reactions were reflected in the global stock markets trading on negative levels. The full repercussions will be known in […]
Tackling global risks: how the financial sector can lead with impact
By Natalia Abril Bonilla and Lisa van den Hoven* AMSTERDAM | 12 May 2025 (IDN) — In 2025, it feels like we are in a period of declining optimism. As the recent World Economic Forum Global Risks Report set out, state-based armed conflict, extreme weather events, ‘fake news’ and falling trust – together with deepening […]
Low Birth Rates and Rising Deaths: What Else Could Reverse Russia’s Declining Population
By Kester Kenn Klomegah* MOSCOW | 12 May 2025 (IDN) — How vital is Thomas Malthus’ population theory today? Malthus, an English cleric and scholar, published this theory in his 1798 writings, An Essay on the Principle of Population. He believed that exponential population growth could lead to unprecedented pressure on the land and create […]
Europe the Superpower
By Jonathan Power* LUND, Sweden | 30 April 2025 (IDN) — The European Union is not going to face a break-up; however, the Ukraine/Russian conflict goes. Big crises come, but they also go. The Euro currency crisis was not dealt with as well as it should have been — austerity was the policy of the […]
How to Avoid Trade Wars – and World War Three
By Medea Benjamin and Nicolas J. S. Davies* NEW YORK | 29 April 2025 (IDN) — Not a day goes by without a new shock to Americans and our neighbors around the world from the Trump administration. On April 22nd, the International Monetary Fund (IMF) downgraded its forecasts for global growth in 2025, from 3.3% […]
It Is Time For Asia’s MAGA – A Non-Military Quad Alliance
By Kalinga Seneviratne* BANGKOK | 29 April 2025 (IDN) — The current international tariff saga based on a notion of “Make America Great Again” (MAGA) ideology promoted by President Donald Trump and supported by millions of Americans should, one would hope, trigger Asia’s own MAGA (Make Asia Great Again). The latter is shaping up more the […]
Rising Global Debt Requires Countries to Put their Fiscal House in Order
By Era Dabla-Norris, Vitor Gaspar, Marcos Poplawski-Ribeiro WASHINGTON, D.C. | 26 April 2025 (IDN) — Major policy shifts underway have heightened global uncertainty. The series of recent tariff announcements by the United States, and countermeasures by other countries have increased financial market volatility, weakened growth prospects, and increased risks. They come in the context of […]
World Trade Is on Track to Hit a Record USD33 Trillion In 2024
By Jaya Ramachandran GENEVA | 5 December 2024 (IDN) — Global trade is poised to hit an all-time high of nearly $33 trillion in 2024. This marks a growth of 3.3% or $1 trillion increase driven by a 7% rise in trade in services, according to the latest Global Trade Update by UN Trade and […]