Why the dollar’s global financial status is a net plus for the US
Friday 2 July 2021 – Vol.12 Ed.26.5
Commentary: Dollar’s global role: extraordinary privilege or burden?
By Mark Sobel in Washington
Debates about the dollar’s global financial status are back in vogue and with them the notion that the US has and abuses an ‘exorbitant privilege’. The debates are overdone. Whether one believes the dollar’s role is a burden or privilege, policy-makers’ attention should focus on addressing undesirable policies and distortions in the international monetary system. That would represent a better use of time than debating privileges and burdens.
Read the full commentary on the website.
Video: Will productivity and growth return after the Covid-19 crisis?
Drawing from the findings of a McKinsey Global Institute report, ‘Will productivity and growth return after the Covid-19 crisis?’, speakers focus on the possibility of pandemic induced changes leading to higher output and what a sustainable recovery might look like. They also elaborate on four different scenarios of what might occur in eight key industries across the globe.
Watch the video on the website.
