Newsletter By 2021-10-08
According to the conventional economic theory and practice, maintaining monetary stability and thus economic stability are the basic objective; while the main task of fiscal policy is to prevent shocks from short-term crises, in addition to adjusting the economic structure in the medium- and long-term by combining with industrial policy. Driven by global monetary and fiscal easing, economies are recovering from the impact of the pandemic. Having achieved results in the short term, macro policies are adjusted to promote medium- and long-term economic growth. This requires establishing the boundary between fiscal and monetary policy, but also reconsidering the relationship between the two, discussed by ANBOUND economists.
>>The United States, the United Kingdom, and Australia announced the creation of a trilateral security partnership known as AUKUS. Obviously, it is to counter the rising China in the Asia-Pacific region and the broader Indo-Pacific region.
Chan Kung, founder of ANBOUND, analyzed this affair will be far more significant and consequential than the commercial loss of a huge defense contract, and could have major implications on
the North Atlantic Treaty Organization (NATO) . The backdrop of the trilateral agreement between the U.S., the UK, and Australia is the "Anglo-American Axis", noted in ANBOUND’s research report three years ago. The status quo is a state of "system failure" that countries around the world are falling into severe internal troubles. What is happening to one nation is likely to happen to others. The AUKUS is part of a shifting global geopolitical system that will have implications for the future of NATO. Relevant analyses are available from "ANBOUND 100+” subject research.
Cities are having a bit of a renaissance. If you need proof, look no further than the most recent decennial Census numbers. While most cities welcome population growth, especially older cities that are coming out of periods of population decline, what does it look like for a city to grow equitably? One key barometer of equitable cities in the future will be jobs. Not just how many jobs cities are able to create, but the types of jobs and where they are located.
Melissa Wright, an Associate Director at Econsult Solutions, explains some of the key indicators keeping eyes on. Cities that want to thrive in the future must begin to think about equitable growth, because an equitable city is an attractive place for all.
>>Australia-China relationship has deteriorated to its lowest point in history. The geopolitical and geo-economic games between the two countries have formed a series of conflicts and competitions, also come to the formation of the
"Cold War Order", but not made by negotiations, International affairs researchers at ANBOUND underscored. It is not difficult to find the existing problems and "rules" in the changes of Australia-China relations. In the "trade war" triggered by geopolitical frictions, the Australian economy has not suffered any real damage, and evidently won the game. The unexpected outcome has led to an entire shift in Australia's attitude from negotiating to standing up and confronting the rise of China. Definitely, China is in front of such a series of competitions and confrontations ahead.
The Indo-Pacific strategy of the United States has covered ASEAN that is also the most important member group of CPTPP. The emergence of Anglo-Saxon alliance has placed ASEAN countries in a complex situation in the Indo-Pacific region. According to the study conducted by the research team at ANBOUND Malaysia, ASEAN countries present quite blended viewpoints towards the AUKUS. Indeed, the geopolitical and geo-economic significance of ASEAN as the most reliable region to China, which will be increasingly higher. The development and consolidation of the relationship with ASEAN is exactly one of major geopolitical strategies for Beijing.
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