MSI

The newly elected Japan’s Prime Minister Shinzo Abe told his first press conference in December 2012 that “China is an indispensable country for the Japanese economy to keep growing. We need to use some wisdom so that political problems will not develop and affect economic issues.” Abe thought...

Thomas “Tip” O’Neill, a Massachusetts Democrat and a speaker of the U.S. House of Representatives from 1977 to 1987, coined a phrase that “all politics is local” to emphasize that voters are primarily interested in issues affecting their areas and communities. And in spite of different par...

While the outgoing U.S. government sounds dire warnings that the borrowing limit will be reached next Tuesday (January 21, 2025), and that the country’s financial system could experience major problems, America’s President-elect Donald Trump is reaching out to Chinese and Russian leaders to stop...

The exchange of New Year greetings between the Chinese and Russian leaders points to their closer political, economic and security ties. And those were not just the usual well wishes during the festive season. Policy decisions at the highest level of state were anticipated over the last few weeks by...

The first task of the new U.S. administration should be to pull the world back from confrontations that are leading toward a global conflict and a nuclear Armageddon. Only active peace diplomacy – and a policy of free and fair trade – can open the space to rebuild and stabilize American economy ...

There are some early signs that the incoming U.S. administration will pay more attention to the part of its economy that accounts for one-third of demand and output. In a recent discussion with the Canadian prime minister, President-elect Trump raised the question of Washington’s large and systema...

The three largest countries of this rapidly expanding organization have accelerated their drive toward closer and more comprehensive economic, political and strategic cooperation. The ongoing consultations show their concern that vast areas of mutual relations are inadequately covered, and that thei...

Cutting U.S. budget deficits, maintaining price stability and running a steadily growing economy is impossible under conditions of intensifying military operations in Europe, widening Middle East hostilities and dangerously rising tensions in East Asia. Europe is the best place to start untangling t...

Barring an inflation flareup, or an unlikely sudden weakness of the U.S. economy, the next interest rate change should wait until the meeting of the Federal Reserve’s (Fed’s) policy setting committee on March 18-19, 2025. That would give enough time to incoming legislative and executive authorit...

A key currency open economy, with a third of its GDP generated in the external sector, cannot rebalance aggregate demand on a steady and sustained growth path by restricting its participation in global commerce and finance. America’s incoming administration is facing excessive budget deficits (8% ...