Tech Dollar 2: The War of the Worlds and Fate of the Dollar
Our report further documents a growing asymmetry in global trade and financial networks. Under the umbrella of a stable dollar-centered IMS, countries have been able to deepen their specialization in trade or finance. For instance, between 2001 and 2023 China and the United States present opposite patterns with China becoming increasingly central i
... See morePierre-Olivier Gourinchas • Global Current Account Balances Widen, Reversing Narrowing Trend
Europe still has power due to its economy and its legacy position within the global institutions founded in the aftermath of World War II. But it’s drifting backward in comparison to both the US and China, whose strategic positioning at the global level is immensely strengthened by their harboring today’s largest and most potent tech companies.
Nicolas Colin • Hedge: A Greater Safety Net for the Entrepreneurial Age
It doesn’t seem like Amazon faces any meaningful Web3 threats right now (perhaps AWS in the longer-term). Google search and Microsoft Office may have impregnable walls. Apple is still dominant in hardware first and foremost. YouTube could theoretically incorporate Web3 components, but that seems unlikely as they already split revenue with creators ... See more