Nukes Are Not For War

The report that Pakistan could possess as many as 350 nuclear weapons in the next 10 years to have the world’s third-largest stockpile of nuclear weapons has received a lot of attention in India. This projection is from a US think-tank, but a statement from a senior Pakistani official around the same time should concern […]

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Afghanistan And The Next US President

It now appears that — barring some truly exceptional circumstances — Barack Obama has made his last decision regarding Afghanistan as president of the United States. The current force of about 10,000 U.S. service members will remain through the end of 2016, when it will quickly draw down to a force of about 5,500. The […]

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Has China Discovered A Better Political System Than Democracy?

Since the collapse of several authoritarian regimes in the 1980s and 1990s—most notably the Soviet Union—conventional wisdom in political science has held that dictatorships inevitably democratize or stagnate. This wisdom has even been applied to China, where the Communist Party (CCP) has presided over 26 years of economic growth since violently suppressing protests at Tiananmen […]

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Lowering World Poverty Depends On India

The future of global inequality, in other words, rests on India’s shoulders. To join the global middle class, India must do much better. It must improve infrastructure and education. It must implement good governance and reduce harmful corruption. It must attract foreign investment and make growth a priority. And it must do all this while […]

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We Live In A Bearish World

At HSBC’s global investment seminar in New York last week, some of the top strategists from Europe’s largest bank laid out their outlook for global markets and economies. Many strategists are not expecting the current recovery from the financial crisis to be as impressive as what has come before, while some investors aren’t expecting double-digit […]

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