WHERE do the world’s poor live? The obvious answer: in poor countries. But in a recent series of articles Andy Sumner of Britain’s Institute of Development Studies showed that the obvious answer is wrong*. Four-fifths of those surviving on less than $2 a day, he found, live in middle-income countries with a gross national income […]
Concern is growing that China’s economy could be headed for a hard landing. The Chinese stock market has fallen 20 percent over the past year, to levels last seen in 2009. Continued softness in recent data – from purchasing managers’ sentiment and industrial output to retail sales and exports – has heightened the anxiety. Long […]
A PwC report said that Chinese investors continue the momentum of M&A activity across the world in 2012. In the first half, the volume of announced investments in company shares and acquisitions added up to $23.9 billion, trebling the number in the same period last year. The largest transaction was the purchase of the American theater […]
A rare visit to India by China’s defence minister should help avoid flare-ups along the border between the nuclear-armed Asian giants at a time when Beijing is grappling with a change of leadership and friction in the South China Sea. Read Here – Reuters
Losing legitimacy might not mean the end of the Communist Party. Past Chinese governments have survived worse. Read Here – The Atlantic
Read Here – The Atlantic
In an exasperated outburst, just before he left the presidency of the European Central Bank, Jean-Claude Trichet complained that, “as a policymaker during the crisis, I found the available [economic and financial] models of limited help. In fact, I would go further: in the face of the crisis, we felt abandoned by conventional tools.” Read […]
Over the past decade and a half, Indonesia’s democratic transition has been praised (including by me) as one of the most impressive of any developing country in the world. The distance traveled from the chaos, and potential split-up of the country, in the late 1990s, to the relative stability and high growth of today, is […]
For the last 40 years, Americans have lagged in recognizing the declining fortunes of their foreign rivals. In the 1970s they thought the Soviet Union was 10 feet tall — ascendant even though corruption and inefficiency were destroying the vital organs of a decaying communist regime. In the late 1980s, they feared that Japan was […]
