LONDON, March 27, 2019 (GLOBE NEWSWIRE) — Ursula Burns made history a decade ago when she became the first black woman to head a Fortune 500 company. In the latest edition of World Finance magazine, Alex Katsomitros examines Burns’ extraordinary rise from New York’s housing projects to the helm of Xerox.
Meanwhile, in the US political sphere, Barclay Ballard assesses the rise of Modern Monetary Theory – the idea that the government can increase the national deficit without having to balance its books. While traditional economists warn that this creates inflationary risks, supporters say it is necessary for governments to consider the most efficient way to use the resources available to them.
But it is not just economic policies that are changing with the times; even an idea as basic as our understanding of money is shifting. With digital payments increasingly replacing cash, Courtney Goldsmith investigates the possibility of a successful state-backed digital currency. Although Venezuela’s attempt to create a national cryptocurrency has been disastrous, other countries as varied as Sweden, China and the Marshall Islands are taking a more balanced approach to digital money.
The Spring 2019 issue of World Finance also explores the spectacular – and worrying – growth of traditional Chinese medicine. As Elizabeth Matsangou writes, ‘natural’ or ‘alternative’ medicines have grown alongside the rise of the broader wellness industry. But while there is a case to be made for some Chinese remedies, without testing and standardisation, natural ingredients can pose a significant risk.
Elsewhere in the magazine, articles examine Italy’s infrastructure woes, the ambitious mandate of Mexico’s new president, identity economics and the danger posed by banks’ ageing core systems.
To read about all of this and more, pick up the latest copy of World Finance magazine, available in print, on tablet and online now.
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