Rising debt, lagging growth, and widespread corruption are usually considered detrimental to a country’s economy. However, in this week’s Asia Unbound podcast, Senior Fellow at the Carnegie Asia program Yukon Huang challenges conventional wisdom, even arguing that corruption has been beneficial for China’s economic growth.
The role of the Federal Reserve has transformed in the past decade, as it has deployed trillions of dollars to boost the U.S. economy while expanding its regulatory oversight of the nation’s financial system.
Italy’s vote on constitutional reforms, which may determine whether the country can escape its economic doldrums and rescue its ailing banking system, could have consequences for all of Europe, says CFR’s Robert Kahn.
Experts discuss the growth of finance in the U.S. economy since the Great Recession and its impact on business production and income inequality, and whether government regulations introduced after 2008 have proven effective in preventing another recession.