Public finance

If AI is a public good, nationalisation should be considered

Comparing GIC’s performance against Temasek’s is not just comparing apples to oranges; it is comparing a shield to a sword, say the writers.

There is no one-size-fits-all approach to sovereign finance

With the Critical Raw Materials Act, the European Union has set ambitious targets to extract 10%, process 40%, and recycle 25% of its consumption of these materials domestically.

Europe’s critical raw materials strategy

Over three billion people currently live in countries that spend more on debt payments than on essential services such as health or education.
THE BROAD VIEW

Developing countries need a new approach to long-term financing 

“As these projects get underway, they will create jobs, increase income for citizens, and unlock consumption potential,” said Jia Kang, who now leads the China Academy of New Supply-Side Economics, a private think tank.

China ready for US$1.4 trillion fiscal bazooka, top economist says

Reeves’ comments come ahead of an update on the state of Britain’s finances she plans to present in Parliament on Monday (Jul 29), a key moment when she’s expected to detail a near £20 billion (S$34.5 billion) funding shortfall for public services.

Chancellor Reeves says she’ll fix ‘mess’ of UK public finances

The US Treasury secretary also notes that concentration among the vendors that develop AI models and that provide data and cloud services may also introduce risks that could amplify existing third-party service provider risks.

Yellen to warn of 'significant risks' from use of AI in finance

The global decline in birth rates may well be transitory, but there are reasons to expect a structural fall for a while.

Destiny and danger where demography meets finance

The book highlights the importance of distinguishing between spending for consumption and spending for investment.
THE BROAD VIEW

Public net worth – the measure of financial strength and success

From left: Federal Reserve chair Jerome Powell, European Central Bank president Christine Lagarde, and Bank of Japan governor Kazuo Ueda at the Kansas City Federal Reserve Bank's annual economic policy symposium in Jackson Hole, Wyoming on Aug 25, 2023.
THE BOTTOM LINE

The five global economic shifts happening now