I recently finished Michael Pettis’s book “The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy.” The book discusses global economic imbalances caused by differences in savings and consumption rates between advanced and developing countries. Pettis argues that these imbalances could trigger a global economic crisis if left unaddressed.
Nov 16, 2025
The topic of de-dollarization has been a hot-button issue lately. De-dollarization – the effort by many countries to reduce dependence on the US dollar (USD) – is reportedly being championed especially by BRICS nations (Brazil, Russia, India, China, and South Africa).
May 25, 2023
On Thursday, July 6, 2023, the Fiscal Policy Agency (BKF) at the Ministry of Finance held an event called fiscal day. One of the themes raised was a policy discussion on Indonesia’s demographic bonus. This discussion is highly relevant, especially now as Indonesia pursues investment and economic growth, trying to prevent “growing old before growing rich.”
May 25, 2023