COVID-19 Outbreak Takes the Recession Debate to Brand New Territory

March 19, 2020

*Author’s note: This article was written on March 13, 2020. Some issues and data may have changed since then. I am writing this column in a state of a latent denial. Having worked from home for much of the past week, I’ve been trying to juggle work duties with kid’s entertainment as...

The World This Week: Is Global Recession Around the Corner?

September 19, 2015

The Fed does not raise interest rates and sends shivers down markets as the risk of a global recession becomes real. Markets have tumbled after the US Federal Reserve (Fed) decided not to raise interest rates on September 17. It declared that “recent global economic and financial developments...

Is the Rising US Personal Savings Rate a Bane or Boon?

April 21, 2015

The rising personal savings rate may pave the way for strong consumer spending. The financial crisis that crippled the US economy in 2007 shook the global landscape. The aftershock sent the markets into turmoil resulting in the Great Recession, which saw the US economy’s gross domestic product...

Japan: Breaking a Wave of Economic Collapse (Part 2)

January 29, 2013

Japan has always been impressive, utilizing its innovations and technological developments to dominate in an information age. This is Part II of II in which the author is perusing Japan's prospects of increasing economic prosperity along with the need for urgent political and fiscal...

Japan: Breaking a Wave of Economic Collapse (Part 1)

January 21, 2013

Japan’s post-World War Two economy has always been described as one of the most robust and progressive of the modern era. However, recent political troubles, volatile economic circumstances, and natural disasters have forced a more critical examination of the future of Japan. The great Mount...

Japan: A Sinking Economy in the Land of the Rising Sun (Part 3/3)

January 14, 2013

In the last part of this series, Vaclav Smil further discusses the rise and fall of many of Japan’s famous manufacturing companies in the light of Japan’s economic performance over the past two decades In 2007 Japan’s global trade surplus reached about $83bn and despite the subsequent...

Japan: A Sinking Economy in the Land of the Rising Sun (Part 2/3)

January 06, 2013

Vaclav Smil discusses Japan’s economic challenges with particular reference to the rise and fall of many of its famous manufacturing companies. Domestic debt ownership has obvious advantages. Above all it allows the country's government finance to be isolated from the outside world and to keep...