S
mall and medium-sized enterprises along the routes of the “One Belt, One Road” initiative – often referred to as the New Silk Road – can boost the GDP of their countries by 4% to 7% as a result of increased market access, a new World Economic Forum study finds. Lack of access to global markets is currently their main impediment to growth.

T
he World Economic Forum today issued a report proposing a shift in economic policy priorities to respond more effectively to the insecurity and inequality accompanying technological change and globalization. The Inclusive Growth and Development Report 2017 concludes that most countries are missing important opportunities to raise economic growth and reduce inequality at the same time because the growth model and measurement tools that have guided policymakers for decades require significant readjustment.

I
n light of the termination of the US dollar convertibility to gold (end of the Breton Woods exchange rate system, 1971-73), there has been reported a considerable rise in the short-term volatility of the relative price between countries—a dramatic mean-reverting, fluctuating behaviour.

I
t was the worst of times, it was the best of times.” Thus begins A Tale of Two Cities. Perhaps we are now living in such times, when the vision of a new social system beyond capitalism can finally be entertained if not realized. The inevitable question arises: what exactly needs to be done?

H
erodotus tells us that it was Croesus, King of Lydia, the land from which, according to Livy, the Etruscans came, who invented the minting of coins - hence currency - by impressing his seal on the electrum, a natural alloy of silver and gold. According to ancient history, it was a temporary stopgap.

W
hether one agrees with Donald Trump’s economic policies or not, the state of economy he will inherit needs to be clarified. A recent article by the Washington Post’s Catherine Rampell stated as one of her main theses that Trump will inherit a strong and vibrant economy. While other aspects of the article make interesting points, the premise upon which the article’s foundation lies upon is mistaken. The economy that is being handed to President-elect Trump is not in the most favorable conditions as claimed by the article, it is actually the contrary.

T
he Federal Republic of Germany assumed last December the 2017 presidency of the G-20, after China held the 2016 presidency since December 2015. Proposed in the aftermath of the financial crisis of Asia and Latin America, the G-20 started in 1999 as a long-term global-governance informal forum rather than an organisation.

C
anada is the US’ 1st trading partner (US Department of Commerce, 2015). In fact, US export and import values to/from Canada was $242 and $331 billion, respectively, in 2014 and $337.3 and $325.4 billion, respectively, in 2015 (OEC, 2016; Office of the United States Representative, 2016). Features of the US-Canada special trade relationship, such as invoicing in US dollar their trade flows, their similar real income and the fact that US borders Canada by land, seem to be boosting factors for their bilateral trade flows over the decades.

W
ith new trends and directions in global business, African countries have to look to the Eurasian region as a huge market for exports as well as make efforts to consolidate and strengthen economic cooperation, says Tatiana Cheremnaya, the President of ANO "Center for Effective Development of Territories" and Head of the working group on public-private partnership "Business Union of Eurasia" in this wide-ranging interview.

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us…”- Opening paragraph from “A Tale of Two Cities”

I
n 1973, E.F. Schumacher wrote a book entitled Small Is Beautiful. The book was well reviewed and was read by many people concerned with the global ecological disaster, but perhaps it was a bit ahead of its time.

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