Dr. Luk joined HKU in 1993 and retired from his full-time position in 2017. He is currently teaching part-time in FBE.
While Africa is gaining a voice globally, with the African Union joining the G20, its economic progress lags behind. Africa's per capita income declined from 30% of the global average in 1990 to only 21% in 2023, with low participation in international trade beyond exporting raw materials.
While Africa is gaining a voice globally, with the African Union joining the G20, its economic progress lags behind. Africa's per capita income declined from 30% of the global average in 1990 to only 21% in 2023, with low participation in international trade beyond exporting raw materials.
Will the US-China trade war further hinder global development? In May, the U.S. government announced raising tariffs on US$18 billion worth of Chinese imports, escalating the trade war. This follows the previous administration's "America First" approach, using tariffs as a main trade tactic.
Will the US-China trade war further hinder global development? In May, the U.S. government announced raising tariffs on US$18 billion worth of Chinese imports, escalating the trade war. This follows the previous administration's "America First" approach, using tariffs as a main trade tactic.
When will rate-hiking cycle end? The US Federal Reserve has just announced that it will keep the current interest rate unchanged, which has been at a 23-year high for the sixth straight meeting. An interest rate cut is expected to occur later than originally anticipated. What determines whether interest rates are raised or lowered? The goal of the Fed’s monetary policy is commonly known as the dual mandate - pursuing maximum employment while maintaining price stability. This is mainly achieved through controlling inflation.
When will rate-hiking cycle end? The US Federal Reserve has just announced that it will keep the current interest rate unchanged, which has been at a 23-year high for the sixth straight meeting. An interest rate cut is expected to occur later than originally anticipated. What determines whether interest rates are raised or lowered? The goal of the Fed’s monetary policy is commonly known as the dual mandate - pursuing maximum employment while maintaining price stability. This is mainly achieved through controlling inflation.
The Bank of Japan recently ended its eight-year negative interest rate monetary policy, sparking interest among international investors in the future trends of the yen exchange rate and the performance of the Japanese economy.
The Bank of Japan recently ended its eight-year negative interest rate monetary policy, sparking interest among international investors in the future trends of the yen exchange rate and the performance of the Japanese economy.
The 13th Ministerial Conference of the WTO concluded in UAE last week. Although it received significant attention, the results were disappointing. In fact, since the financial crisis of 2008, the global trade growth has slowed down, and the outlook is gloomy.
二次大戰後，全球貿易的增長持續快於全球GDP的增長，成為推動全球經濟的主要動力；同時，貿易增長較快，表示經濟體之間的互動愈來愈多，也是全球化正在進行的一個指標。然而，這個趨勢到2008年起便停止。金融海嘯後，貿易增長總的來說稍慢於GDP增長。
