In addition to expert analysis and commentary on international issues, these set out published opinions and arguments by FGI fellows as well as outside experts.
The Bank of Japan’s controversial monetary policy may work, writes Fung Global Institute President Andrew Sheng, but not unless politicians take the lead on necessary structural reforms to remove inefficiencies in the financial system.
Fung Global Institute President Andrew Sheng discusses why investing in markets has become so complex it’s best to remember some traditional rules of the game. Diversified high-yield, solid-growth companies remain a good bet.
Founding Chairman of the Fung Global Institute, Victor K. Fung, in his capacity as Honorary Chairman of the International Chamber of Commerce (ICC), makes a renewed push for the free exchange of global trade. Speaking in Doha at the World Trade Agenda Summit, Fung delivered the opening and closing remarks and also co-authored an opinion piece on the issue.
The BRICS Development Bank is a major opportunity for the non-Western world to move away from the Bretton Woods and Washington Consensus, writes Fung Global Institute Guest Contributor Mukul Sanwal. The Bank will be a benchmark for the five member states and a chance for them to establish their own development models.
Multilateral trade and investment still have much room for improvement, says Fung Global Institute Founding Chairman, Victor K. Fung, in his closing remarks as Honorary Chairman of the International Chamber of Commerce (ICC) at the World Trade Agenda (WTA) Summit in Doha. The WTA is the first step forward in long term reform of the World Trade Organisation (WTO), incorporating the best aspects of the Doha Development Round.
The world’s developed economies, of which the United States is by far the largest and systemically most important, face a range of difficult political and social choices. As Fung Global Institute Academic Council Chairman, Michael Spence, writes, President Barack Obama’s proposed budget acknowledges and addresses those choices and tradeoffs directly and fully for the first time in the post-crisis period.
Shadow Banking in China has grown dramatically since 2008, in a response to market demand on the Mainland. But as President of Fung Global Institute, Andrew Sheng, and Director of Research, Xiao Geng, write, the government should be more concerned about the quality of the loans than the quantity.
This article will briefly address the future prospects for the dollar as an internationally acceptable denomination for assets, and then discuss the several ways in which the SDR (Special Drawing Rights) or some other internationally-agreed reserve asset might partially substitute for the US dollar in its international roles, and even eventually replace it. It concludes that there is no practical substitute for the dollar in the near future, meaning the next decade or two; and that while the SDR could be made a substitute for the dollar along several dimensions in the longer run, it would require a major concerted effort by the leading governments of the world to do so.
In his opening remarks at the World Trade Agenda (WTA) Summit in Doha, Founding Chairman of Fung Global Institute, Victor K. Fung, in his capacity as Honorary Chairman of the International Chamber of Commerce (ICC), argues that investment and trade, under the multilateral system, are engines for economic growth.
The decade-long slowdown in global trade liberalization is coming to an end — and not a moment too soon.