FDI in the South, The Great Rebalancing
The IMF’s number two official, Dan Katz, made headlines in April 2024 with a scathing speech about institutions like the IMF and the World Bank, which he claimed should be…
Philippe Waechter's blog
The business cycle, does it still exist?
The business cycle is a generic term illustrating the fluctuations of an economy. Several interpretations. The simplest method is to represent the rises and falls in activity. These phenomena can…
Dollar – Stability under tension, Hegemony in question
The position and role of the dollar have long been a subject of debate. After the Second World War, the Bretton Woods agreements enabled the establishment of a stable monetary…
Culture at the heart of the economic system
Here is a column written in mid-August 2025. I paid tribute to Joel Mokyr who has just received the Nobel Prize in Economics along with Philippe Aghion and Peter Howitt.…
The Geopolitics and the Stablecoin
The other geopolitical dimension of American tech is monetary. The rise and appeal of cryptocurrencies have been reinforced by Trump’s arrival in the White House, as evidenced by a January…
New Geopolitics – The Role of Tech
The second dimension is that of American Tech, a leader in Western countries. The vision of Tech is ambivalent. As individuals, we are all consumers, whether personally or professionally. On…
The New Geopolitics – Part 1
The political reshaping of the world is taking shape day by day. The bilateral negotiations initiated by Donald Trump, the Shanghai meeting with Xi Jing Ping, and the alliance, over…
Multilateralism in bad shape
The vocal transcription is via an IA International cooperation has been the catalyst for the long period of growth of recent decades. Multilateralism, which is its measure, has been exercised…