Innovation is built upon an ecosystem that takes decades to mature. Yet, China has already made substantial advances in computer science, chemistry, engineering, and robotics, all of which pose a direct challenge to U.S. technological supremacy. However, the U.S. will remain dominant and largely unchallenged in biotech and medicine for the foreseeable future. Read Here […]
China and Myanmar agreed to accelerate several joint infrastructure deals and projects during President Xi Jinping’s historic visit to the country, giving new impetus to commercial relations that have revived under Myanmar leader Aung San Suu Kyi. Xi visited Myanmar on January 17 and 18, marking the first time a Chinese leader traveled to the […]
The good news, then, is that the world in 2030 will be more prosperous. Indeed, the middle class could swell to over 5.5 billion people, predominantly in Asia. But it will also be significantly more unequal in individual countries. The European and North American middle class may not get much relief given current growth and […]
Citing a sharp economic slowdown in India and other emerging markets, the International Monetary Fund (IMF) on Monday lowered growth estimate for the world economy to 2.9 per cent for 2019. Besides, the International Monetary Fund also trimmed India’s growth estimate to 4.8 per cent for 2019, citing stress in the non-banking financial sector and weak rural income growth. Read […]
It is tautological or at best trivial to say that all states try to act in their national interest. The important question is how leaders choose to define and pursue that national interest under different circumstances. Read Here – Project Syndicate
While the trade war between China and the United States has hogged headlines and driven market anxieties over the past year, an equally large threat to the global economy has gotten little attention: a looming tax war. Since the early twentieth century, countries have largely agreed on how to tax income earned by multinational corporations […]
This second cold war, conducted on a teeming planet whose anxiety is intensified by the passions and rages of social media, is only in its beginning stages. The aim, like in the first Cold War, is negative victory: not defeating the Chinese, but waiting them out, just as we waited the Soviets out. Read Here […]
For four decades, the U.S. and Iran have been locked into what is essentially an ongoing, low-grade war. Since its inception in 1979, the Shiite theocracy, now run by Supreme Leader Ayatollah Ali Khamenei and a council of top clerics, has considered the U.S. the “Great Satan” — an intruder in the Middle East and […]
In many ways, neutrality and obscurity go hand in hand in this country of 4.9 million people. The sultanate has more or less refrained from taking sides in the ever-expanding roster of Middle Eastern conflicts since Omani Sultan Qaboos bin Said al-Said ascended the throne in 1970. Therefore, Oman has had little reason to engage […]
When Russians woke up last Wednesday morning, most had likely never heard of Mikhail Mishustin, the head of the country’s tax service. But by the time they went to bed that night, Mishustin had been named as Russia’s new prime minister after a day that included a flurry of proposed changes to the constitution and […]
