IMF’s World Economic Outlook, Fall 2021

Recovery During a Pandemic, Health Concerns, Supply Disruptions, and Price Pressures The global recovery continues but the momentum has weakened, hobbled by the pandemic. Fueled by the highly transmissible Delta variant, the recorded global COVID-19 death toll has risen close to 5 million and health …

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Tax reform, what for?

José Manuel Suárez Mier* It is fashionable to propose tax reforms to raise government revenue to undertake endless spending, from creating a universal welfare state, redistributing income and wealth, investing in ultra-broadly defined infrastructure, to solving global warming. The jeremiad of some in Mexico, with …

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Father of the Washington Consensus dies.

José Manuel Suárez Mier * John Williamson, the talented British economist who created the famous and much-maligned Washington Consensus (WC), passed away last week after a fruitful career spent analyzing and proposing economic and financial policies that he believed were the most appropriate for growth …

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Mundell’s Impossible Trinity

Image: Zhev on iStock José Manuel Suárez Mier* Some of my readers complained that I did not include Mundell’s essential contributions to international economics theory and practice in my previous article, which they are absolutely right. My only explanation is the difficulty of fully covering such a huge work in 500 words. I omitted the …

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Top 25 Automakers by Market Cap

Image: Google Largest automakers by market capitalization companies: 38     total market cap: $2.233 T RankNameMarket CapPriceTodayPrice (30 days)Country1TeslaTSLA$834.17 B$880.027.84%🇺🇸 USA2ToyotaTM$213.83 B$152.850.12%🇯🇵 Japan3VolkswagenVOW3.DE$94.53 B$173.43-1.17%🇩🇪 Germany4NIONIO$91.85 B$58.928.55%🇨🇳 China5BYD002594.SZ$88.82 B$34.021.10%🇨🇳 China6DaimlerDAI.DE$75.63 B$70.70-0.17%🇩🇪 Germany7General MotorsGM$61.63 B$43.06-0.60%🇺🇸 USA8BMWBMW.DE$55.79 B$86.39-0.75%🇩🇪 Germany9HyundaiHYMTF$55.13 B$54.3528.48%🇰🇷 S. Korea10FerrariRACE$53.98 B$217.97-1.86%🇮🇹 Italy11VolvoVOLVF$51.81 B$25.85-1.00%🇸🇪 Sweden12Great Wall Motors601633.SS$49.79 B$6.362.71%🇨🇳 China13HondaHMC$48.72 B$28.180.04%🇯🇵 Japan14SAIC Motor600104.SS$44.64 B$3.829.99%🇨🇳 China15Geely0175.HK$42.11 B$4.2919.60%🇭🇰 Hong Kong16Fiat Chrysler AutomobilesFCAU$35.98 B$17.72-2.58%🇬🇧 UK17FordF$35.80 B$9.00-0.66%🇺🇸 USA18Maruti Suzuki IndiaMARUTI.NS$32.79 B$108.565.93%🇮🇳 India19XPengXPEV$32.41 B$45.451.02%🇨🇳 China20Li AutoLI$30.78 B$34.30-2.25%🇨🇳 China21Kia000270.KS$24.21 B$60.398.41%🇰🇷 S. Korea22PeugeotUG.PA$24.00 B$27.06-2.17%🇫🇷 France23Suzuki Motor7269.T$23.81 B$49.062.37%🇯🇵 Japan24Nissan7201.T$20.31 B$5.19-1.61%🇯🇵 Japan25Chongqing Changan000625.SZ$16.50 …

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