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Curated by Project Syndicate

China Bytes Back

5 commentaries

With 42% of global e-commerce, 11 times more mobile payments than in the United States, one-third of the world’s most successful tech start-ups, and President Xi Jinping’s powerful support, China seems poised to dominate the global digital economy in the same way it has come to dominate global manufacturing. But can it capitalize on its advantages?

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  2. roubini151_z_wei_getty images_inflation Z. Wei/Getty Images

    Is Stagflation Coming?

    Nouriel Roubini

    Lost in the debate over whether today's ultra-loose fiscal and monetary policies will trigger painful inflation is the broader risk posed by potential negative supply shocks. From trade wars and de-globalization to aging populations and populist politics, there is no shortage of inflationary threats on the horizon.

     joins the great inflation debate by highlighting the neglected threat of persistent negative supply shocks.
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  4. acemoglu32_JIM WATSONAFP via Getty Images_biden tax plan Jim Watson/AFP via Getty Images

    Biden’s Great Tax Rebalancing

    Daron Acemoglu

    US President Joe Biden's plan to overhaul America's outdated and self-defeating corporate-tax structure is as bold as it is necessary. With provisions to level the playing field for workers and end the global race to the bottom, it could revolutionize taxation worldwide, while stemming the increase in US government debt. 

     praises the US administration's corporate tax plan, and explains why its key ingredients matter.
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