New study uncovers China's massive hidden lending to poor countries

New report shows the extent of China's hidden power as the developing world's creditor.

  • Over 50 developing countries' Chinese debt accounts for on average 15 percent of their individual GDP.
  • New report shows that the majority of the world's developing country's debt to China is considered "hidden."
  • China's loans for poor countries are primarily for crucial infrastructure.
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Politics & Current Affairs

Is globalization doomed? Economist Michael O'Sullivan believes so.

Why one expert believes it is knocking on death's door.

Photo credit: Gregor Fischer / picture alliance via Getty Images
  • Michael O'Sullivan's book The Levelling declares that the end of globalization is near.
  • In its wake, he believes the world will become a place of multipolarity, bereft of a central guiding international force of control.
  • These new poles of power will take on unique and divergent political and cultural ways of doing things.
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Politics & Current Affairs

Trump’s not the problem. He’s a symbol of 4 bigger issues.

The countdown continues! Our 8th most popular video of 2018 cuts through the political fray.

  • If the problem was just Trump, it wouldn't be happening in other places around the world, says political scientist Ian Bremmer.
  • All sorts of advanced industrial democracies have people getting angrier and voting more and more against the establishment.
  • Even when their economies are doing well, four factors exist that rip at the fabric of civic nationalism. What's surprising, however, there is one developed country that isn't having such issues. What can we learn from them?
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Videos

Dear elites: Did you learn your lesson?

Populism: The "overnight" problem 40 years in the making

  • A globalized, interconnected world doesn't necessarily work for everyone... especially on the rural (and hyper-local) levels.
  • While many got massively rich from technology and globalized trade it left many feeling locked out.
  • Anand focuses on the rise of Trump and the huge popularity of Bernie Sanders to highlight the fact that the majority aren't satisfied with the current state of capitalism.
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Videos

Want to Retain American Jobs? Stop Blaming Globalization

Everything is cheap and nobody has jobs. Welcome to the future. President of the Federal Reserve Bank of Dallas fills us in on how we got here.

The US economy has spawned a vicious cycle that few people are talking about, but it's one that affects us all. You, right now, are likely caught in that ugly loop. In fact, it's what may one day send you packing from your job. It's called technology-enabled disruption. And the worst part? (There's a worse part!?) You contributed to it in a big way, explains Robert S. Kaplan. Advancements in retail technology gave consumers the power to shop smarter and put pricing pressure on manufacturers. That pressure is "rippling back, through impacts on workers and their wages, and maybe encouraging businesses to increasingly replace workers with technology," says Kaplan. In a nutshell: every time a consumer finds a bargain, a robot gets a job.

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Politics & Current Affairs