Tag: global economy

1. Biden is setting a new goal for global vaccine equity: 70% of the world to be vaccinated by next year… which is already a stated goal by the W.H.O. “The U.S. wants to be engaged,” French virologist Dr. Marie-Paule Kieny said in response to this development, “but they still don’t know exactly how to engage with the new world that has developed while they were away.” Isolationism is not just a plaything for Trumpian political appeal: it has a real cost, on real human lives.
2. The “bloated” size of the Malaysian civil service has been a favourite topic amongst opposition politicians of the past several decades, so this take on the size of the civil service is a pleasant surprise. Granted, the PSM would certainly have a bias for stronger public services. But at a time when much attention is being devoted to the Government’s operational expenses – and the heavy cost of civil servants’ emoluments – it would be interesting if a more nuanced position can be staked out on this long-running debate.
3. Another taper tantrum ahead? At least it is good to know that the recovery seems to be progressing in earnest. But with concerns over Evergrande and the punishments being meted against Chinese businesses, a tapering could lead to oversized shocks for developing economies.