Sung Chiao-An
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Jan 5, 2024 · The technological decoupling between the US and China does not necessarily mean deglobalization is happening; elements of global trade - including green and digital trade - remain robust. One development of Beijing and Washington's evolving relationship is the reduction of the presence of US financial institutions in mainland China, which contributes to an already complex commercial ...
Dec 19, 2017 · A brief history. To those who lived and grew up during the Cold War era, the current tensions between North Korea and the US are a reminder that the conflicts of around 70 and more years ago have left legacies and enmities that have not yet gone away – and which still pose a real threat to world peace. To begin to understand this complex ...
Jun 23, 2023 · 1. US and UK sign 'Atlantic Declaration' rather than free-trade deal. Trade is part of a broad new deal between the US and UK that will seek to bolster the countries' cooperation on a number of issues. The Atlantic Declaration includes plans to strengthen US-UK supply chains, boost mutual industrial investment and develop advanced technologies ...
Oct 4, 2021 · Emerging economies have seen their share of total global trade rocket in recent years. China, for instance, is now responsible for 15% of all world exports. Unfinished goods, components and services account for 70% of all trade. While trade in services accounts for two-thirds of global GDP, COVID-19 has had a devastating impact on trade patterns.
May 28, 2019 · The relationship itself is, of course, nothing new. But, as this chart from Statista shows, the two economies' interdependence has grown exponentially over the past 30 years, with China becoming the US’s largest trading partner. At the start of this decade, China surpassed Japan to become the world's second largest economy, behind the US.
Feb 26, 2020 · The US and India are among the world's highest emitters of CO2 - second and third, respectively, in 2018, according to Global Carbon Atlas. But, if you consider this on a per capita basis, both drop down the rankings. The US falls to 12th and India to 130th - where it has Uruguay, Bolivia, and Saint Vincent and the Grenadines for company.
May 14, 2024 · World trade is picking up again. The OECD expects global trade in goods and services to grow by 2.3% this year and 3.3% in 2025 – more than double the 1% growth seen in 2023. The first OECD Economic Outlook in 2024, published in April, expects falling inflation will enable central banks to start lowering interest rates, but adds that real ...
Dec 10, 2021 · On average, an individual from the top 10% will earn $122,100, but an individual from the bottom half will earn just $3,920. And, when it comes to wealth (valuable assets and items over and above income), the gap is even wider. The poorest half of the global population owns just 2% of the global total, while the richest 10% own 76% of all wealth.
Sep 16, 2022 · The US dollar has risen by almost 15% against some of the world’s most traded currencies this year. This has prompted more interest rate hikes around the world, as central bankers try to increase the value of their own currencies. Emerging economies with big dollar-denominated debt balances have been hit particularly hard by the strengthening ...
Nov 28, 2016 · The economy of the north-east states – Massachusetts and Pennsylvania up to Maine and including New York – amounts to $4.2 trillion, similar to Japan’s at $4.12 trillion. Florida and Alabama, with $1.087 trillion in GDP, almost match Mexico at $1.14 trillion, while Texas’s economy, $1.59 trillion, is close to that of Brazil at $1.74 ...
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