Dr. Luk joined HKU in 1993 and retired from his full-time position in 2017. He is currently teaching part-time in FBE.
With Trump’s recent victory in the U.S. presidential election, the new administration is set to appoint a fresh slate of department heads. However, the position of Federal Reserve Chair Jerome Powell will remain unchanged. Despite being Trump’s nominee, Powell has often found himself at odds with the President, particularly over interest rate hikes, which Trump has publicly criticized.
In the highly anticipated US presidential election, regardless of the outcome, the elected candidate will significantly impact the international political and economic landscape. Trump's foreign economic policy during his first term has already become apparent, with a strong focus on using tariffs as a negotiation tool. If re-elected, he intends to impose tariffs of up to 60% to 100% on Chinese products and 10% to 20% on goods from other countries.
The upcoming US presidential election is poised to be a historic one, with its outcome closely tied to economic performance. Recent events, including the Russia-Ukraine war, soaring inflation, and the US-China tech rivalry, have created a turbulent global landscape. Voters are primarily concerned with economic issues, employment, healthcare, and immigration.
The upcoming US presidential election is poised to be a historic one, with its outcome closely tied to economic performance. Recent events, including the Russia-Ukraine war, soaring inflation, and the US-China tech rivalry, have created a turbulent global landscape. Voters are primarily concerned with economic issues, employment, healthcare, and immigration.
While Africa is gaining a voice globally, with the African Union joining the G20, its economic progress lags behind. Africa's per capita income declined from 30% of the global average in 1990 to only 21% in 2023, with low participation in international trade beyond exporting raw materials.
While Africa is gaining a voice globally, with the African Union joining the G20, its economic progress lags behind. Africa's per capita income declined from 30% of the global average in 1990 to only 21% in 2023, with low participation in international trade beyond exporting raw materials.
Will the US-China trade war further hinder global development? In May, the U.S. government announced raising tariffs on US$18 billion worth of Chinese imports, escalating the trade war. This follows the previous administration's "America First" approach, using tariffs as a main trade tactic.
Will the US-China trade war further hinder global development? In May, the U.S. government announced raising tariffs on US$18 billion worth of Chinese imports, escalating the trade war. This follows the previous administration's "America First" approach, using tariffs as a main trade tactic.
When will rate-hiking cycle end? The US Federal Reserve has just announced that it will keep the current interest rate unchanged, which has been at a 23-year high for the sixth straight meeting. An interest rate cut is expected to occur later than originally anticipated. What determines whether interest rates are raised or lowered? The goal of the Fed’s monetary policy is commonly known as the dual mandate - pursuing maximum employment while maintaining price stability. This is mainly achieved through controlling inflation.
When will rate-hiking cycle end? The US Federal Reserve has just announced that it will keep the current interest rate unchanged, which has been at a 23-year high for the sixth straight meeting. An interest rate cut is expected to occur later than originally anticipated. What determines whether interest rates are raised or lowered? The goal of the Fed’s monetary policy is commonly known as the dual mandate - pursuing maximum employment while maintaining price stability. This is mainly achieved through controlling inflation.
