The Newfoundland Lesson
During the 1930s, long before the IMF, the British Empire coped with a debt crisis in a small country. This is a tale of the choice between debt and democracy.
Newfoundland became the first self-governing dominion of the empire in 1855, twelve years before Canada, forty-five years before Australia, and fifty years before South Africa. In the late 19th century, Newfoundland negotiated trade agreements with the United...
Will Iran Become a Successful Emerging Market?
If the nuclear deal with Iran succeeds, the world will see a great shift in geopolitics and economic growth. Iran has reached an agreement with the United States and five other countries to curtail its nuclear development program in return for economic sanctions...
Why an Iran Deal Is Like a $400-Billion Tax Cut
There is still a great deal of distrust on both sides, but the fact that both President Obama and President Rouhani want a deal suggests a breakthrough may be possible.
The big date looms and the consequences for geopolitics could be even bigger:on November 24, Iran and the United States and five other leading nations, if all goes well, are scheduled to hold a summit in Geneva to complete negotiations on Iran’s nuclear program...
From Crisis to Recovery: The New Era of Slow Growth & What This Means for Investors
The US is currently in the 60th month of economic expansion, and appears poised for a year of 3.0% output growth after a weather-driven downturn during the first quarter. The unemployment rate could drop below 6.0% in the near future, but the Federal Reserve will...
Global Monetary Policy—Tapering Here and Abroad
Low-Gear Growth Predicted for Latin America
Economist David Hale, chairman of David Hale Global Economics, said in general he expects stronger growth in the countries that are members of the Pacific Alliance
If he were a weatherman, International Monetary Fund economist André Meier said his economic forecast for Latin America would be “cloudy with a chance of rain.” Just four years ago, average economic growth in Latin America was 6.5 percent and self-confidence also...
The 2014 Global Economic Outlook: The Goldilocks Scenario Is Still Intact
28th Annual Economic Forecast, Featuring David Hale, International Economist
Geopolitical Tensions and the World Economy at World Economic Roundtable
Future of Asia and Africa: Unconventional Wisdom
