The Organization for Economic Cooperation and Development (OECD) recently released its semi-annual economic outlook. Three major themes emerge from the report. First, the global economy is gradually emerging from a five-year (2012-1016) low-growth trap, and global growth should pick up modestly in 2017and 2018 (Table 1). Second, we are seeing a shift in economic policy from over-reliance on monetary policy to fiscal initiatives designed to boost growth. Third, we are not out of the woods and significant risks remain.
There have been several recent developments in the European Union which for the most part confirm the trends I had observed in my 2017 Global Economic Outlook. Here I will provide a more detailed and updated analysis of the overall political and economic situation in the European Union.
In late January, I participated in an Oxford-style debate regarding whether healthcare is a commodity. The debate was the featured event at Tata Memorial Centre’s Platinum Jubilee Conference in Mumbai, India.
A packed auditorium of over a thousand attendees buzzed with excitement as Professor Antonio “Tito” Fojo (my opponent) and I walked on-stage. The conference theme, “HEALTHCARE: A Commodity or Basic Human Need?” put the spotlight on our contest. We were midway through the 3-day conference, and it was show-time.
I am sharing my new monograph, "Indian and Chinese Engagement in Latin America and the Caribbean: A Comparative Assessment."