Emerging Markets Aren’t Out Of The Woods Yet

How should emerging-market governments deal with the new original sin? One way would be to develop a large domestic institutional investor base that sets its objectives in domestic currency terms and is thus insulated from exchange-rate swings. National pension systems contribute to this goal, and many emerging-market countries, such as Chile and Mexico, have made […]

Rate this:

China’s Economic Black Box

The accuracy of China’s official growth statistics is once again in question. Last week, at the annual “two sessions” conference, Premier Li Keqiang announced that China would reduce its 2019 target for GDP growth to between 6 and 6.5 percent—previously, it was “around 6.5 percent.” That same week, a group of Chinese economists published a paper with the Brookings […]

Rate this:

A Smouldering Volcano: Pakistan And Terrorism After Balakot

Although propitious political circumstances made the Balakot crisis between India and Pakistan manageable, Pakistani terrorism remains the principal continuing threat to stability in South Asia. U.S. policy moving forward must relentlessly pressure Pakistan to crack down on jihadi groups or risk continuing crises in the region. Read Here – Carnegie Endowment For International Peace

Rate this:

Jaish-e-Mohammed: Under The Hood

Masood Azhar is deeply plugged into the Pakistan military’s intelligence setup, or at least those parts of it with which he shares an appreciation of the need for the Islamic world to have a strong center to provide protection to Muslims all over the world. Azhar is for the Deobandi jihadis what Lt. General Hameed […]

Rate this:

Is America Becoming Trump’s Banana Republic?

The Trump show is endlessly distracting in a way that would be familiar to any connoisseur of the Latin-American strongman. The Wednesday-afternoon Oval Office appearance alone had enough fodder for countless talk-show segments: Trump grounds the airplanes! Trump lies about building the wall! Trump lies about being vindicated in the special-counsel probe —even when a […]

Rate this:

America’s Polarisation Is A Foreign Policy Problem, Too

…there’s no question that the United States is at a level of political polarization unseen for many decades. Most of the attention to this phenomenon has focused on its effects on America’s internal politics, and some observers are clearly worried that the core institutions of the country might be at risk—understandable, given President Donald Trump’s open hostility towards some […]

Rate this: