There has been much discussion about China’s GDP surpassing the US. Less attention has been paid to forecasts that India will become not only the most populous nation in the world by 2025, but that by 2050 the size of the Indian economy will also surpass the United States.
The IMF’s message in its latest global economic forecasts (World Economic Outlook, 7/24/2017) is broadly unchanged from its April version. The global economic recovery is gaining momentum and broadening in 2017, after a two-year slowdown. Global output is expected to grow by respectively 3.5% and 3.6% this year and next. However, the IMF states that the projected composition of growth will be slightly different, with slower-than-anticipated growth in the United States compensated by faster growth in the eurozone, Canada, Japan and emerging markets.
"When you think of FinTech, do you think of it more as a product or a service?" It was a question asked by a member of the audience at the Incubate Illinois FinTech panel sponsored Wednesday by the Chicago law firm Freeborn & Peters. It occurred to me that I take it for granted professionals in finance and technology understand what FinTech means.
We have been following FinTech for a while now, but recently stories about blockchain and cryptocurrencies have been appearing everywhere. ICO's, or Initial Coin Offerings are beginning to look like a gold rush. Beyond the hype, driven by exponential returns for the likes of Bitcoin and Ethereum, what are the constraints on further growth?
If you’ve been following recent news headlines, you may have noticed an uptick in the number of articles discussing blockchain technology, and more specifically, the emergence of a new venture funding model based on that technology: the token sale. But first, a brief explanation of blockchains.
Here is my recent presentation to the International Conference of Commercial Bank Economists (ICCBE) in Paris this week.
Here is a discussion paper I prepared for the Australia-China Annual Think Tank Economic Dialogue Hosted by the Chinese Academy of International Trade and Economic Cooperation (CAITEC) and the Australia-China Relations Institute (ACRI) at the University of Technology Sydney in Beijing.