Tuesday, September 19 2017 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
Updated: 11 hours 35 min ago
Engineers insist that sometime between 2030 and 2050 is when fiction will become reality, and artificial intelligence (AI) will exceed that of a human. Economists have a different answer - it will be at least another 100 years before that point. Who is right?
Weekly economic update focusing on the major economic indicators to be released the week of August 28, 2017. Special topic: the state of the auto market
Together with Greece, Spain was the European country with the highest unemployment increase during the Great Recession, despite a fall in GDP similar to that in other economies. Objective of this paper: to quantify the macroeconomic effects of the changes in the labour market since 2012.
Structural factors explain the secular decline in the natural interest rate. Although the natural interest rate will edge up, it will remain below historical average. Monetary policy normalization will be achieved with a low federal funds rate
The aim of the Watch is to point out the importance of ICT in developing and emerging countries from a demand-side perspective. We find that having a cell phone and internet access are gaining importance among individuals’ basic needs. Younger people consider ICT-related needs more basic than older people do.
China’s shadow banking sector evolved rapidly over the past few years as regulators and financial institutions played a “Whack-A-Mole” game. It occurs in the context of China’s ongoing financial liberalization. Our empirical analysis indicates that the current financial deleveraging and regulation tightening will drag on growth but the impact should be limited.
A few days ago Coparmex presented a document containing a series of tax policy proposals. I believe that some of them are right, while others require more discussion. Here, I refer to one in particular: Coparmex proposes a gradual reduction of the corporate income tax rate from its present level of 30% to 24.6%, which is the average rate applied in the OECD countries
The use of fossil fuels in electricity production is being eroded by the rapid expansion of clean energy. At the global level, installed capacity to generate electricity through wind energy has increased fivefold since 2007, reaching 487GW in 2016. Wind energy is becoming more competitive.
Weekly economic update focusing on the major economic indicators to be released the week of August 21, 2017. Special topic: residential construction
Despite supportive economic fundamentals and generous incentives, demand for new vehicles continues to slow down. Consumers continue to show a strong bias towards light-trucks, which reached 63% of total sales in July. The alternative fuel segment continues to expand, a substitution effect is taking place between hybrid-gasoline and increasingly reliable PHEV and BEV.
Did you know that the electric vehicle (EV) was invented in the nineteenth century, around fifty years before the internal combustion equivalent? In the 1910s, a third of automobiles circulating in the US were electric.