Not to change the topic here:
Patty power - How big is China's economy?
A MERICA'S ECONOMY did not exceed China's in size until the 1880s, according to the Maddison Project at the University of Groningen. The two now rival each other again. Because China's workers are 4.7 times as numerous as America's, they need be only a fraction as productive to surpass America's output. No fewer than 53 countries would already have a bigger GDP than America if they were as populous as China.
In 2019 China's workers produced over 99trn yuan-worth of goods and services. America's produced $21.4trn-worth. Since it took about 6.9 yuan to buy a dollar last year, China's GDP was worth only $14trn when converted into dollars at market rates. That was still well short of America's.
Securing Japan from Chinese ‘Predatory Economics’ – The Diplomat
One of the key questions in Japan's present national security debate is how to manage China's "predatory" geoeconomics.
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Thus, reorienting Japan's economic security strategy constitutes a top priority for Prime Minister Abe Shinzo.
Pre-pandemic, Prime Minister Shinzo Abe's priority was how to secure Japan's economic interests amid worrying trends of de-globalization, receding trade liberalization, and increasing protectionism. Japan, as the world's third largest economy, has led in building the multilateral trading system, particularly with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TPP-11) following the U.S.
Tracking the Recovery: BMO Economics Introduces Canadian Business Activity Index
TORONTO , July 17, 2020 /CNW/ - BMO Economics today debuted the new BMO Business Activity Index (BMO BAI), which tracks monthly business activity with information on jobs, spending, sentiment and other indicators. With the Canadian economy entering the post-lockdown recovery phase, there is an increased need for timely information on what the recovery looks like.
"Given the unparalleled economic crisis caused by the pandemic, the need to track the recovery has never been greater," said the authors of the BMO BAI: Sal Guatieri , Director and Senior Economist, BMO Capital Markets; Robert Kavcic , Director and Senior Economist, BMO Capital Markets; and Erik Johnson , Economist, BMO Capital Markets. "The index will inform how well the expansion is proceeding on what is sure to be a long and bumpy journey."
And here's another article:
In search of a new economics for Covid-19 era | Letters | Politics | The Guardian
Prof Kelton's concern is not the government financial deficit – the balance between taxes and government spending – but the deficits and imbalance in the real economy such as unemployment and housing shortages. Modern monetary theory (MMT) suggests that governments which issue their own money cannot "go broke".
Prof Kelton uses chapter 2 to discuss the main problem – inflation. If the real resources are not available then more government spending on, say, housing, will just cause inflation. It should be possible to target "extra" government spending on those parts of the economy where there are unused resources. Could there be "housing pounds" issued to local councils or construction firms which can only be used for housebuilding? Or "Yorkshire pounds" that can only be spent in Yorkshire?
Subscribe to read | Financial Times
Alex Rodriguez Discusses MLB Economics - MLB Trade Rumors
How can they do that? In Rodriguez’s estimation, " The only way it's going to happen is if they get to the table and say the No. 1 goal, let's get from $10 to $15 billion and then we'll split the economics evenly.”
Union chief Tony Clark fired back, stating: "Alex benefited as much as anybody from the battles this union fought against owners' repeated attempts to get a salary cap. Now that he is attempting to become an owner himself his perspective appears to be different. And that perspective does not reflect the best interests of the players."
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