by Jacob Funk Kirkegaard | August 27, 2014 With his third government reshuffle since taking office in 2012, President François Hollande of France has ditched the most prominent left-wing members of his cabinet and acknowledged that a “team of rivals” does not work for a weak president like himself. Facing record low approval ...
by Jacob Funk Kirkegaard | August 22, 2014 European leaders are holding a special summit on August 30 to fill two remaining top EU jobs, and another long night in Brussels could be in the offing. Failure to agree (again) on a successor to Herman van Rompuy, president of the European Council, and Catherine Ashton, the high representative of the European Union for foreign affairs and security policy, would expose the leaders to justified ridicule. If they can’t agree on these posts, how will they manage Europe’s deep economic problems?
by Daniel H. Rosen and Anna Snyder | August 8, 2014 How does economic reform relate to China’s future economic growth potential? How big a difference does the difficult undertaking of changing the rules of the marketplace make? The answer determines whether the risks associated with reform are really worth it. In our analysis of China’s ...
Thilo Hanemann and Cassie Gao | July 25, 2014 China’s economic reform program is beginning to impact the country’s global investment profile, with the changes also felt in the United States. Interest in US assets continues to be strong, but the industry focus is shifting towards real estate, advanced services and manufacturing. This note ...
by Daniel H. Rosen and Beibei Bao | July 11, 2014 On June 30th China’s top leaders endorsed broad reforms to the nation’s tax system and center-local fiscal dynamics, and, critically, set out a near-term 2016 deadline for completing substantial reforms to ensure that the longer-term reform agenda has a chance to be complete by 2020. ...
by Jacob Funk Kirkegaard | July 2, 2014 The election of Jean-Claude Juncker as the next president of the European Commission was not the only accomplishment of EU leaders in late June. There were also important developments on other foreign and economic issues. British Prime Minister David Cameron and Hungarian Prime Minister Victor ...
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