This weekend’s annual meetings of the International Monetary Fund and the World Bank, which brought together finance ministers and central bank governors from almost 200 countries, seem to have yielded no material changes in policy formulation at either the national or multilateral levels, and offered little to alter views on global economic prospects. Read Here – BloombergView
The terrible, violent summer reflects nothing so much as an elite’s greed for power and willingness to treat civilians as dispensable. This has become particularly apparent since Turkey’s inconclusive June 7 election, and the way that various political parties and leaders did all they could to prevent the formation of a viable coalition government. Ultimately, the power game is […]
2015 marks an often overlooked anniversary, the 250th anniversary of the start of de jure British rule over India. The history of 18th century South Asia is a complicated whirlwind of competing powers and conflicting interests. By 1707, when the last great Mughal emperor, Aurangzeb, died, his empire controlled most of South Asia, but was also teetering due […]
Pakistan’s only “federal” political party, the Pakistan Peoples Party (PPP), suffered a blow to its solar plexus when Asim Hussain was arrested in Karachi for corruption on August 26. An old schoolfellow of and personal physician to PPP boss Asif Ali Zardari, Hussain was federal petroleum minister in the PPP government till 2013… Ominously, August was […]
Having discovered that the use of force in another country does not necessarily lead to wider sanctions and deepening isolation, Russia has nevertheless learned that military operations of that sort involve a tremendous number of recurring, growing and unpredictable risks. And the main risks in this war might not be military, diplomatic or even macroeconomic in nature. As happened 100 years ago, war does not always rally the people […]
Among today’s geopolitical risks, none is greater than the long arc of instability stretching from the Maghreb to the Afghanistan-Pakistan border. With the Arab Spring an increasingly distant memory, the instability along this arc is deepening. Indeed, of the three initial Arab Spring countries, Libya has become a failed state, Egypt has returned to authoritarian […]
New Delhi’s response to the constitution has come as a surprise to many. As a democratic country itself, India has arguably overstepped the limits of suggestion and rather tried to impose its views on its much smaller neighbor. In various international forums, India has repeatedly advocated for a country’s right to self-determination. Unfortunately, this seems […]
Beijing has yet to put together a credible response as to what should be done with zombie companies, the huge swath of unprofitable state-owned enterprises surviving on the good will of the Chinese government. Until it does, private companies in the world’s second-largest economy will continue to fight an uphill battle for growth, and China’s reform efforts will […]
Is the TPP really targeting China? US President Barack Obama said on Monday, “we can’t let countries like China write the rules of the global economy. We should write those rules, opening new markets to American products while setting high standards for protecting workers and preserving our environment.” This is not the first time that […]
The West has been unequivocal in its criticism of human rights violations in the Maldives. India, as a neighbour with major strategic interests, does not have this luxury. India has out of necessity adopted a nuanced and incremental approach. It is, of course, crucial that New Delhi actively engages Gayoom and his government. India will […]
