Xinhua — Supply-side reform to keep Chinese economy fit

"Keynesianism won't help much in addressing medium-and-long-term economic ills. The cure lies in structural reform," the authority said.… 

Chinese economists are optimistic that supply-side structural reform will give the economy a boost.

According to the authoritative figure, the five major tasks surrounding the reform, namely reducing overcapacity, destocking, deleveraging, reducing costs and shoring up weak growth areas, will all boost China's development in the long term.

Xinhua
China Headlines: Supply-side reform to keep Chinese economy fit

PolitRussia — Clever Russian Industrialization

Restructuring the Russian economy is taking place using similar principles as America after independence and through the 19th century. This was known initially as the American System of the American School originated by Alexander Hamilton. It was followed by the National System advocated by Georg Friedrich List. 

While America did not face sanctions, it did face a powerful British Empire biding its time to take its former colony. Russia is similarly faced with an America that wishes to bring back the good old days of Boris Yeltsin through regime change. And NATO is on the Russian doorstep the way Britain never was able to achieve against the emerging US.

Russia and China are following a similar path of nation-building that the US now decries as illiberal even though the American economy was built on it.

Fort Russ
Clever Russian Industrialization

PolitRussia - translated by Jafe Arnoldski

Alexander Mercouris — Russia's Recession: A Necessary Re-Balancing

...the Central Bank ever since 2012 has made it clear that its priority is inflation reduction over growth, with a medium term inflation target of just 4%. The Central Bank has also repeatedly made it clear that it will pursue a tough interest rate policy to achieve it however hard that is and however long it takes.

Experience of other economies with chronic inflation problems (such as Britain in the 1970s to 1990s) suggests that for inflation to be squeezed out of the system economic policy must be geared to that objective. This inevitably reduces growth, at least in the short term.

That seems to be the situation Russia is in now. It has been clear since 2012 that the Russian authorities have prioritised inflation over growth....

Russia Insider
Russia's Recession: A Necessary Re-Balancing

Alexander Mercouris

David Ruccio — "Such an economy kills”

Marxian Notre Dame economics professor David Ruccio reviews Evangelii Gaudium and its implications. Nice analysis by Professor Ruccio, and a good blueprint for change by Francis in which he sets the objectives but not the means, since different countries will have to address these goals in their own way based on context.

... Francis, without providing institutional details, outlines a general approach to work that simply cannot be provided by the current wages system. It creates an opening to imagine a radical reorganization of the economy, at both the microeconomic and macroeconomic levels, in which workers participate in making the fundamental decisions in their workplaces and the economy as a whole is coordinated (might we say planned?) so that existing inequalities and forms of exclusion are eliminated.

In the end, Evangelii Gaudium suggests a fundamental reorientation of the current economic debate: to admit the devastating effects of current economic arrangements on the broad masses of the population and to take up the imperative of restructuring the economy in the interests not of the tiny minority at the top but of those at the bottom who are subjected on a daily basis to processes of exploitation, oppression, and exclusion.

Occasional Links & Commentary
"Such an economy kills”
David F. Ruccio | Professor of Economics University of Notre Dame Notre Dame