After a 9% decline in the second half of 2020, the broad dollar index – the real effective exchange rate as calculated by the Bank for International Settlements – has gone the other way, soaring by 12.3% from January 2021 through May 2022. And yet the deterioration of the US current-account balance has continued.
revisits his predicition in 2020 of a dollar crash and explains why he got it perfectly wrong.
No single summit can resolve NATO’s deficiencies and meet its lofty goals, from reaffirming shared values to enhancing resilience, especially with a conventional conflict raging on its eastern doorstep. But the Madrid summit can – and must – lay the foundations for a more united, robust, and revitalized alliance.
hopes that the upcoming summit in Madrid will cement the Alliance's newfound unity and resolve.
发自首尔—Netflix上的一部韩国反乌托邦电视连续剧《鱿鱼游戏》已经成为了全球收视率最高的电视剧之一。与夺得2020年奥斯卡最佳影片的《寄生虫》一样,《鱿鱼游戏》凸显了韩国日益扩大的贫富差距,而这种状况目前也存在于许多(甚至是大多数)发达经济体之中。
有人可能没料到韩国也会受到这种不平等状况的困扰,因为该国以往的高增长和低不平等状况是“东亚奇迹”的核心(见表)。在1960年至1990年期间该地区的经济印证了所谓的库兹涅茨假说,即工业化国家的经济增长起初会加剧不平等,但这种状况会在随后的持续扩张中得到改善。然而这种平等化增长在21世纪初(甚至更早之前)就停止了。
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