‘Global economics at a glance’ – what you need to read to navigate a post-Financial Crisis and why there may be a vacancy for World Leader…
Global economics is a hot topic in the media at the moment: the UK economy is showing positive signs of recovery, while a slowdown in China is causing a widespread ripple of concern. This economic powerhouse has arguably been one of the key drivers in global economic growth, so in its absence, who can step up to the mark?
An article from the BBC asked just this: ‘who can drive the recovery?’ which has been impatiently anticipated since the Financial Crisis (2008).
With these questions and anxieties becoming a growing topic of discussion, here at Portfolio Penguin we want to recommend our top 2 reads for understanding this hot topic.
The Growth Map, Jim O’Neill
Jim O’Neill, former Chairman of Goldman Sach’s Asset Manaement has been called a ‘rock star’ of the business world for his work behind the well-known acronym of developing economies, the BRICS. Ten years ago, he predicted that globalization would help Brazil, Russia, India and China (the BRICs) – busy, ambitious countries full of raw materials – overtake the largest Western economies. With all four BRIC nations set to do just that, no other idea has proved as significant for the new century. But these changes have provoked business and political uncertainty and in The Growth Map O’Neill examines what is coming next. Can the BRICs sustain their exceptional growth? Which nations will come next? And what, for all of us, does the future hold?
‘One of the most sought-after economic commentators on the planet’ The Daily Telegraph
Read more at
Every Nation for Itself: Winners and Losers in the G-zero World, Ian Bremmer
What happens when nobody’s running the world?
The United States is interested in its own recovery from the Financial Crisis and can’t hold onto the reins of the G-20.
China has no interest in international leadership.
Europe is trying to save the euro.
Emerging powers like Brazil and India are focused on domestic development.
No government has the time, resources or political capital needed to take an international lead.
The world power structure is about to have a vacancy…at the top.
Welcome to the G-Zero world, in which no single country has the power to shape a truly global agenda. That means we are about to see 20 years of conflict over economics, finance and climate change. Bestselling author and strategist Ian Bremmer reveals how world powers are rapidly turning into gated communities, locked in competition. Who will prevail?
‘Smart and snappy … provides the most cogent prediction of how the politics of a post-America world will play out’ New Statesman
Read more at http://www.penguin.co.uk/nf/Book/BookDisplay/0,,9780670921058,00.html#3xUmzSHSIjudCzc3.99
- BRICS Keep Falling Back to Earth (blogs.the-american-interest.com)
- How can Russia keep its seat in BRICS? (rbth.asia)
- Jim O’Neill: The German election could decide if we quit the EU (standard.co.uk)
- JIM O’NEILL: No, China’s Economy Is Not Headed For A ‘Hard Landing’ (businessinsider.com)