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Economics

How Global Supply Chains now dominant cross-border trade

8 October 2015

Such are the complexities of global supply chains that the idea that any product, other than the most basic, is actually “Made in Germany”, or the United States, or in any particular country, is no longer true. Products produced in this way are said to use the global value chain (”GVC”). In [read more]

Inequality as a factor in social unrest

8 October 2015

The extremes of wealth and income inequality that have developed within the OECD countries, and particularly in the United States, since the early 1980s, have created unbalanced societies, which are by their nature more unstable than was the situation in the 1950s and 1960s. Arguably the mass of [read more]

Do markets determine the value of the RMB?

18 August 2015

By Michael Pettis · August 18, 2015 Last Tuesday the PBoC surprised the markets with a partial deregulation of the currency regime, prompting a great deal of discussion and debate about the value of the RMB. Part of the discussion was informed by a consensus developing in one part of the market [read more]

Getting Under the Skin of Kangbashi: China’s Ghost City

18 February 2014

Darmon Richter Tuesday 18 February 2014 Architecture, China, Ghost Town, Rooftops, Urban Exploration Built for a population in excess of a million – yet largely uninhabited to this day – it’s little surprise that Ordos has earned itself the nickname of China’s Ghost City. In this report [read more]

Welcome to Ordos, China: The World’s Largest “Ghost City”

13 February 2014

Darmon Richter Thursday 13 February 2014 Architecture, China, Ghost Town, Travel Built for over a million people, the city of Ordos was designed to be the crowning glory of Inner Mongolia. Doomed to incompletion however, this futuristic metropolis now rises empty out of the deserts of northern [read more]
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