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Economics

BRICS: Can it form multilateralism in Outer Space?

Paula Smith In January 2023, Russia’s assertion regarding the deteriorating relations with the United States had far-reaching consequences, particularly concerning their participation in the International Space Station (ISS) program. Moscow’s stated intention to withdraw from the ISS by 2024 has engendered significant uncertainties, posing serious questions about the …

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Why globalism failed

What went wrong for the globalists? Not so long ago, the West was captivated by visions of the ‘End of History’. Francis Fukuyama, Thomas Friedman, Kenichi Ohmae and others envisaged the permanent triumph of a global neoliberal order. They foresaw the emergence of a system controlled by an …

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Why America Is Losing the Tech War with China

David Goldman It is simply too late to try to suppress China. The United States must either spend seriously on research and development, along with industrial policy, or it will lose the race for twenty-first-century technological supremacy. Western media, for the most part, has ignored a remarkable array …

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How does the BRICS currency transform the world economy?

The creation of a BRICS currency has become throughout the past year one of the headline themes related not only to BRICS, but also the global financial markets. Along with the skepticism coming from most of the pundits from the developed world there is also an enormous number …

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Dollar: imminent demise?

Mohammad Imad Samuel P Huntington, in his book, “Clash of Civilizations”, explained that the “culture and cultural identities” would be shaping up the cohesion and conflict in the post-cold War period. Fast forward to the 21st century, we are witnessing many structural and ideological changes in the international …

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Muslim Brotherhood fighting moderate Islamic institutes in China

Nadia Helmi Perhaps it was a painful and shocking surprise in the first place for the members of the banned terrorist Muslim Brotherhood group in Egypt and the region and its entanglements around the world, by declaring myself for the first time globally that I was the closest …

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Walking on thin ice – Eurozone crisis knocking at the door. Again

Andrey Kadmestov The recession in the Eurozone continues for the second quarter in a row now. Even though the decline in terms of economic dynamics remains small – just about 0.1 percent of GDP, realistically-minded experts believe this is the beginning of hard times waiting ahead. With foreign …

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Trajectory for resilient, inclusive growth

Axel Trostenberg This year China’s economy is expected to recover, fueled primarily by a rebound in domestic demand. These improved near-term prospects offer an important opportunity for policymakers to refocus their efforts on achieving the country’s three long-term development objectives: to become a high-income country by 2035 through …

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Important testimonies in the Monetary Fund audit report

Fayeq Hijazin The audit report on the performance of the national economy under the Extended Fund Facility (EFF) highlights positive outcomes both in terms of the program’s indicators and the external challenges faced by the Jordanian economy amidst global economic uncertainties. Maintaining macroeconomic stability in the face of …

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