For Romer, though, waiting for AI to push worker productivity growth to new heights is a fool’s errand. The surest way to growth, he said, is foreign direct investment (FDI). …
CSCEC, part of the portfolio of Chinese state-owned enterprises operating worldwide, is active in more than 100 countries, primarily in motorway construction, port management, airport construction and operation and energy …
More than a quarter of Syrians lived in extreme poverty, the World Bank said on Saturday, 13 years into a devastating civil war that has battered the economy and impoverished …
Wang contacted his Iranian counterpart, urging restraint. This intervention no doubt helped temper Iran’s retaliation against Israel, showcasing how China and the US can collaborate for world peace. As two …
Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank …
Melinda French Gates said on Monday she is stepping down as co-chair of the Bill & Melinda Gates Foundation. Her last day of work at the foundation will be June …
Elon Musk’s Starlink satellite company has been granted business licences to operate in Indonesia, a senior communication and information ministry official said on Thursday. Starlink’s network of low Earth orbit …
The prevailing view at Bretton Woods rejected the laissez-faire argument that free markets automatically provide full employment. It was believed that public institutions must intervene in difficult times. Delegates established …
Hong Kong is keen to support economies in mitigating risks arising from natural disasters and will enhance its expertise in managing financial losses from such perils, the head of the …
In comparison, in 2021, it was just US$100 away by the World Bank’s criterion – a per-capita GNI of US$12,551 compared to the US$12,695 requirement that year. China stands at …