COVID-19: Missed Opportunities, Or New Beginnings?
BRUNO KREISKY FORUM for International Dialogue, Vienna, Austria, Feb 19, 2021. In a conversation with Ambassador Irene Giner-Reichl in Brazil, Dr Steinbock focused on the four missed opportunities in the struggle against COVID-19. "What we need is multilateral cooperation across all differences. It is moral, safer, and cheaper." The WHO's containment plans amount to a few billion dollars, he added: "It's a fraction of the $20+ trillion dollar pandemic relief." (For the video, click the image)
The Tragedy of MORE Missed Opportunities
August 2020. Dr Steinbock's new report is the sequel of the first one (April). It focuses on the net effects of the belated responses by the major advanced economies: in addition to the past containment failures and failed crisis management, the more recent premature exits, new policy mistakes and the consequent collateral damage in all major income group economies. It was released by Shanghai Institutes for International Studies, a major global think-tank (click the image for the report).
The Tragedy of Missed Opportunities
Dr Steinbock's new report focuses on the COVID-19 human costs and economic damage. The global pandemic was not inevitable, as evidenced by the relatively successful containment by China and other early mobilizers. The US and the EU began full mobilization only in late March, 4-8 weeks later. Hence the huge human costs and massive economic damage. The report was released by Shanghai Institutes for International Studies, a major global think-tank.
Se Pechino frena, l'Africa annaspa
The Fondazione Nigrizia (Comboni Missionaries, Italy/Africa), September 4, 2019. US tariff wars will penalize Chinese development and African futures.
TalkMarket's Editor's Choice
TalkMarkets, Oct 22, 2019. Dr. Dan Steinbock's post titled "U-Turn or Perfect Storm? Globalization at Crossroads" has been selected as an Editor's Choice by the TalkMarkets editorial team. Editor's Choice content is given a prestigious "EC" badge, and is featured on our homepage and in our Editor's Choice section.
Africa and US Tariff Wars
Secretary-General Davies Mwila of Zambia's ruling party Patriotic Front discusses recent briefings by Dr Steinbock on Africa's economic prospects in the shadow of US-Sino trade war.
Rising Dengue Fever Risk
Bao Phunu Magazine (Vietnam), August 30, 2019
The Interests of Corruption
Le Monde Diplomatique, September 2019.
ASEAN Toward Re-Militarization?
Global Futures Indonesia, August 29, 2019. Dr Steinbock's analysis of China's economic development efforts and US rearmament drive in Southeast Asia.
The Financial Express (Bangladesh), August 16 / Update August 28, 2019.
Nordic Chamber of Philippines, Jan 31, 2020.
US Dollar, Yuan and Currency Wars
Expresso (Portugal), August 10, 2019.
Dr Steinbock's interview with Jorge Nascimento Rodrigues of Expresso, the Portuguese weekly newspaper of reference.
China and Global Growth
Sputnik News (Russia), August 5, 2019
Trading the Global Future I-III
Georgetown Journal of International Affairs, Aug. 20 - Sept 13, 2018. At the turn of September, Georgetown Journal of International Affairs - a major US journal on international relations - published Dr Steinbock's three-part series on "Trading the Global Future." It outlined three arguments against the Trump administration's US-Sino Tariff Wars - bad timing, bad policies, and bad consequences. In the last part, he also outlined three possible outline scenarios.
Africa and US Tariff Wars
Russia Selling US Debt, Buying Gold
Radio Sputnik International, Aug 28, 2018. Radio Sputnik discussed the increase in gold purchases and sales of US treasuries by Russia amid US sanctions with Dr Dan Steinbock. According to Dr Steinbock, "Russia’s shift is a tactical one and will protect the economy better against sanctions." However, President Putin's concern with U.S. dollar is strategic: "The fundamentals that gave rise to US dollar as world currency have greatly diminished." (To listen, click the image)
What Next With the Trump Tariff War?
"The Point with Liu Xin," China Global Television Network, Aug 8, 2018. America's 25% tariffs on $16 billion of Chinese imports will start on August 23. This is the second batch of the first round of tariffs targeting a total of $50 billion dollars. How will China react? Dr Steinbock expected Trump to escalate tariffs and China to retaliate, for now. The show also featured Dennis Wilder, Special Assistant to Former US President George W. Bush; Prof Tu Xinquan; and Ass Prof Luo Yongkun (CICIR).
In an interview with Gong Yingchun for China.org, Dr Steinbock, expressed his concerns over the escalating U.S.-China trade tensions. Trump announced last Friday that he was ready to impose tariffs on all US$500 billion of imported goods from China. "A tenfold tariff escalation could multiply the adverse impact on the US economy tenfold, which, in turn, could unsettle key stock indexes on Wall Street, disrupt the strengthening US dollar, and undermine the Federal Reserve's tightening policies."
"Anticipated [G7] Failure"
"Anticipated [G7] Failure: None of G7's Objectives Materialized"
Radio Sputnik International, June 10, 2018.
Dr Steinbock predicted the historical failure of the G7 Summit well before the meeting took place. Here is his post-Summit interview by Sputnik Radio International, the leading Russian news agency. (To listen to the full interview, click the image)
Dr Steinbock's Interview in Iran
Mehr News Iran, May 12, 2018. In a cover story interview with the leading Iranian news agency, Dr. Dan Steinbock underlined that the EU has been enhancing European defense cooperation and trade agreements to reduce dependence on the US. As US is withdrawing from the Iran nuclear deal, it is time for the EU to sustain the deal.
Stratfor Releases Steinbock's Brief
Stratfor, Feb 20, 2018. Stratfor releases Dr Steinbock's briefing on the decline of US free trade agreements. Stratfor is a leading global American geopolitical intelligence platform. Its 'Partner Perspectives' are a collection of high-quality analyses and commentary produced by organizations around the world. "We respect the rigorous and innovative thought that their unique points of view inspire."
Briefing on the Philippines Economy
Nordic Chamber of Commerce in the Philippines
Shanghai Institutes for International Studies, Dec. 2-3, 2017.The SIIS conference featured 20 SIIS advisors and Shanghai Vice Mayor (Photo: Slovenia's former pres. D.Turk; Romania's former PM A. Nastase; Danish MP M. Lykketoft; SIIS Pres. D. Chen; ASEAN's former head K.Y. Ong; former US Afghanistan amb. K. Eikenberry; Dr Dan Steinbock; former SIIS pres. Prof J. Yang; security expert Prof. B. Gill; UN GA's former pres. Dr. S. Han; Argentina's former foreign minister J.E. Taiana; PLA prof. C. Zhu)
CNN's Zakaria Picks Steinbock Brief
At the end of China's 19th Party Congress, CNN's international relations expert Fareed Zakaria gave his take on the historic event, where President Xi Jinping positioned his nation as the world's rising superpower. Among his top picks was Dr Steinbock's analysis of "China’s 2017-22 Leaders, Grand Strategy and Policies."
TWFR Cover Story
The UK-based The World Financial Review has released another cover story (September-October 2017) by Dr Steinbock. It focuses on President Trump's economic challenges in the fall, overshadowed by the Mueller investigation. As violent demonstrations linger domestically and nuclear risks loom abroad, the White House has flamed new domestic divisions, while paving the way for international trade wars. The coming fall will be the hottest - and potentially most violent - in decades in America.
Dr Steinbock in Finnish Parliament
Finance Committee, Finland's Parliament, October 26, 2017. During his recent visit in Finland, Dr Steinbock briefed the prestigious Finance Committee of Finland's Parliament, along with corporate and investor clients. At the Finance Committee, chaired by Timo Kalli (Center Party) and Ville Vähämäki (Finns Party), Dr Steinbock focused on recent global economic developments in the Trump U.S., post-Brexit EU, and Chinese leadership transition.
WEF Releases Dr Steinbock's Column
World Economic Forum, September 20, 2017. World Economic Forum (WEF) has released Dr Steinbock's BRICS column, " The global economic balance of power is shifting." In contrast to some other international observers, he argues and his research shows that BRIC economies continue to grow. By the late 2020s, the size of China’s economy will surpass that of the US. By the early 2030s, the BRICs’ combined economic power will transcend that of major advanced nations.
Columns at Roubini/EconoMonitor
Interviews in Major Global Media
Post-Hamburg G20 (Mabini Dialogue)
Briefing at the Philippines Foreign Service Institute, July 31, 2017. In the recent G20 Summit, trade and climate change reflected new frictions and new alignments. While there was rapprochement of interests between Brussels and Beijing, the two differed in terms of values; while values continued to unite the White House with Brussels, the interests no longer did. Are these frictions temporary or longer-term? Do they typify concerns such as globalization, immigration and defense?
Interview on Global Chinese TV
The Point, Global Chinese TV Network (GCTN), July 20, 2017. In an interview with Liu Xin, Dr Steinbock, along with high-level Chinese trade specialist Dr. Xiang Songzuo, addressed the odd outcome of the Sino-US Economic Dialogue. He argued that, after Republican failures to pass a new healthcare and tax legislation, the Trump administration used the Dialogue to signal 'America First' trade determination not just against China, but against its EU NATO allies and NAFTA partners.
Philippines amid Global Uncertainty
Congressional Policy and Budget Research Department, Philippines House of Representatives, July 19, 2017. Only days before President Duterte's highly anticipated State-of-the-Nation speech - Dr Steinbock addressed the Knowledge Sharing Forum of the prestigious Congressional Policy and Budget Research Department (CPBRD) of the Philippines House of Representatives. In his presentation, he examined the economic promise of the nation amid regional headwinds and global uncertainty.
Jollibee Leadership Summit 2017
On July 4, 2017, Dr Steinbock spoke about global uncertainty and international business at the Jollibee Leaders Summit 2017 in Manila, Philippines. Other speakers included Prof Edmund Tavao, expert of good governance; Dr Clarence Batan, a major youth sociologist; Secretary of S&T Fortunateo Tanseco de la Pena; and Former Secretary of Labor Marianito D. Rogue. With a market cap of $5.9 billion, Jollibee Foods Corp is a highly successful Filipino multinational chain of fast food restaurants.
China in Era of Economic Uncertainty
Shanghai Institutes for International Studies (SIIS), July 2017. Dr Steinbock has agreed on a year-long research project with SIIS. It will focus on "China in the Era of Economic Uncertainty and Geopolitical Risk." The SIIS is dedicated to informing government decision-making by conducting policy-oriented studies. It is ranked as a top-10 Chinese and global think-tank (in photo with SIIS President Chen Dongxiao and Chairman of SIIS Academic Committee Jiemian Yang).
Finnish TV Interview on Global Risks
YLE, Kova talous, June 19, 2017. In an interview with Aapo Parviainen of "Tough Economy" (YLE), Dr Steinbock says that, in the coming decades, Europe must adjust to significantly smaller economic role in global governance. He also talks about the siege of the Trump White House and the impending Russia investigation, China-led globalization, and Finland's continued over-reliance on Europe in trade and investment. To see the interview (in Finnish), go to: http://areena.yle.fi/1-4156075
Private Wealth APAC Summit 2016
Macao, China, Oct. 17, 2016. Dr Steinbock gave the opening keynote at the Private Wealth Management Greater China Summit 2016; an invitation-only event with the key Greater China’s family offices. The Summit was co-located with the PWM Asia-Pacific Summit. Past speakers include Dr Fan Gang (China Reform Foundation), Nassim Taleb (author of ‘The Black Swan’); Dr Nouriel Roubini (world-class economist); Nobel-awarded Paul Krugman; Dr Mark Mobius (investment specialist).
La fiesta del ‘súper dólar’
Forbes Mexico, 26 De Noviembre 2016. Ayer el portal de China Daily publicó un artículo de Dan Steinbock titulado Dollar, not yuan, poses biggest risk to world (El dólar, no el yuan, representa el mayor riesgo para el mundo), en el que el autor considera como mera ‘volatilidad de corto plazo’ la devaluación que ha sufrido la divisa china, y que la tiene hoy día en su nivel más bajo frente al dólar desde 2008.
Briefings on Credit Risks Worldwide
Credit risks (Photo: Coface Conference)
European Pensions Summit
Fairmont Le Montreux Palace, Switzerland, May 23-25, 2016. The European Pensions and Investment Summit is the largest closed gathering of its kind. In May 2016, distinguished speakers will include Joseph Stiglitz, Nobel Prize Laureate & Former World Bank Chief Economist; Dan Steinbock, Founding Partner, DifferenceGroup; Edmund Truell, Chairman, London Pensions Fund Authority; Bernard Walsh, Head of Pensions, Bank of Ireland.
Int'l Conference, Global Governance
On Oct. 25-26, 2016, Shanghai Institutes for International Studies and Bill & Melinda Gates Foundation held an int'l conference. Photos: Prof. Yang Jiemian, Chairman of SIIS Academic Council; Dep. Dir. of the Dept of Int'l Economics; Amb. Wu Hongbo, UN Under-Secretary-General, Mr. Vuk Jeremic, former Serbian Foreign Minister; Prof. Chen Dongxiao, Pres, SIIS; Dr. Dan Steinbock, Res Dir. at India China and America Inst; Huang Liming, Counselor, Dept of of Policy Planning, Chinese Foreign Ministry
China Daily: Dr Steinbock joins leading international economists to explore China's growth in 2017 amid increasing global uncertainty and volatility.
Briefings on Global Climate Change
Climate Change and Economic Growth: Public Lecture on Climate Change in Singapore Management University.
Briefings in EU-China Events
EU-China economic, political and strategic prospects ((Photo: EU-Chinese economic dialogue in Guangzhou, Guangdong)
Briefings for Multinational Firms
Briefings in Communist Party Schools
Shanghai Party Institute (SPI)
World's leading universities from Ha
World's leading universities from Harvard Business School and INSEAD to Columbia and Stern School of Business/NYU, and to Tsinghua, Fudan, and Lee Kuan Yew School of Public Studies. (Photo: Insead Singapore)
Briefings on Urban Competitiveness
RICS Conference on new competition of cities (Photo: RICS)
Mercados del mundo
Dr Steinbock's interview by La Razón, Dec. 14, 2015. “Primero, los acuerdos comerciales han extendido su liquidez por todo el mundo. Después, la inversión y los ahorros han hecho que la moneda sea más atractiva. Finalmente, el uso como reserva refleja la ‘llegada’ de la moneda como una divisa mundial”, detalló.
RMB Joins IMF's SDR
CNN Expansion/EFE, Nov 30, 2015.
In an interview for EFE, the Spanish news agency, and CNN, Dr Steinbock explains why the inclusion of the RMB in the SDR basket is so critical to the IMF. Según explica el economista del Instituto para los Estudios Internacionales de Shanghái, Dan Steinbock, la evolución de las grandes divisas mundiales ha empezado por el comercio, ha seguido con la inversión y se ha consolidado con su uso como reserva.
APEC Summit Filipina & TPP
Koran Republica Indonesia, Nov 9, 2015. Udara di Bei jing, Cina, nyaris dipe nuhi aroma persaingan pengaruh ekonomi di kawasan Asia Pasifik. Saat itu, Cina seba gai tuan rumah pertemuan puncak pemimpin Kerja sama Eko nomi Asia Pasifik (APEC), berhasil mengajak 21 pemimpin negara anggota APEC mengeluarkan komunike yang antara lain sepakat melakukan dua tahun studi pembentukan Free Trade Area of the Asia-Pacific (FTAAP)...
Briefings at Major Think-Tanks
Briefings at Major Think-Tanks
Renminbi as Reserve Currency
SHARE Radio, Investment Perspectives, Sept 11, 2015. Dr Steinbock interviewed by Ed Mitchell. "The renminbi will become a reserve currency."
Stumbling toward TPP
The Straits Times Singapore, Aug 8, 2015
China Cuts 7%+ Growth Target
Jornal Expresso Quinta [leading Portuguese daily], 29 de Outubro de 2015: O primeiro-ministro chinês já disse que o número 7% “nunca foi gravado na pedra” e a maioria dos economistas chineses aponta para um crescimento médio anual de 6,5% até 2020. O suficiente para duplicar o PIB per capita em uma década, obrigar o resto do mundo a adaptar-se ao abrandamento chinês e explorar novas oportunidades na maior economia do mundo, refere ao Expresso o especialista Dan Steinbock.
Briefings in Myanmar
Myanmar Institute of Strategic and International Affairs
How It All Started
Shanghai Institutes for International Studies, Fall 2008. It was in this SIIS Conference that Dr Steinbock made the prediction that US unemployment would not decrease to its pre-crisis level until the mid-2010s. While highly controversial at the time, it proved valid.
With GE ex-CEO Jack Welch at KPMG
Keynotes in and moderation of major corporate summits (Photo: in the KPMG Summit with former General Electric CEO Jack Welch)
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