American persistence and the future of social democracy

It has been a popular meme in recent years that American power is in decline. China‚Äôs rise is impressive, although some predict a Chinese crash. However a recent report by HSBC on the world economy in 2050 casts doubt on the assumption of American decline and sheds some light on the prospects of social democracy. […]

Global futures

Gallup migration

In teaching Australian Identities: Indigenous & Multicultural I include some big picture speculation about the future. I draw on Jeffrey Williamson’s 2003 Noel Butlin lecture on world factor migrations and demographic transitions. Williamson describes how 19th century migration was driven by the desire of the young to escape European overpopulation and poverty for the much […]

Tugan-Barnovsky and China

Discussion of the Chinese economy often centers on the idea that Chinese economic growth is fundamentally unbalanced due to low levels of domestic consumption and a reliance on exports. Yet China seems to have weathered the global financial crisis particularly well. Zacharay Karabell: China’s path, of course, is hardly without skeptics. The common argument against […]