Workers from China Railway No 2 Engineering Group work on a section of the China-Laos railway in Vientiane, Laos, on June 18. Market economies have become passive in their approach to growth, and lack vision, such as that embodied in China’s Belt and Road Initiative. Photo: Xinhua Workers from China Railway No 2 Engineering Group work on a section of the China-Laos railway in Vientiane, Laos, on June 18. Market economies have become passive in their approach to growth, and lack vision, such as that embodied in China’s Belt and Road Initiative. Photo: Xinhua
Workers from China Railway No 2 Engineering Group work on a section of the China-Laos railway in Vientiane, Laos, on June 18. Market economies have become passive in their approach to growth, and lack vision, such as that embodied in China’s Belt and Road Initiative. Photo: Xinhua
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

New, bold visions of growth needed to kick-start the global economy

  • Governments must cast aside the tired old tools of monetary easing and consumption-driven demand, and reach for what the UN calls transformative growth
  • Climate change, public health and digital infrastructure are areas of potential growth, requiring massive investment

Workers from China Railway No 2 Engineering Group work on a section of the China-Laos railway in Vientiane, Laos, on June 18. Market economies have become passive in their approach to growth, and lack vision, such as that embodied in China’s Belt and Road Initiative. Photo: Xinhua Workers from China Railway No 2 Engineering Group work on a section of the China-Laos railway in Vientiane, Laos, on June 18. Market economies have become passive in their approach to growth, and lack vision, such as that embodied in China’s Belt and Road Initiative. Photo: Xinhua
Workers from China Railway No 2 Engineering Group work on a section of the China-Laos railway in Vientiane, Laos, on June 18. Market economies have become passive in their approach to growth, and lack vision, such as that embodied in China’s Belt and Road Initiative. Photo: Xinhua
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