The demise of Bear Stearns was the beginning of a six-month erosion in global financial stability that would culminate with the failure of Lehman Brothers on September 15, 2008, triggering possibly the greatest financial crisis in history. To be sure, the Great Depression of the 1930s involved a far greater collapse in economic activity. But […]
After decades when the core components of US and Saudi strategic policies were more or less in sync, the United States is suddenly not playing by the Saudi playbook. It won’t give the Syrian resistance a blank check; it is daring to consider softening its stance towards Iran; it has dared to criticise, however mildly, […]
According to a new estimate, there are 30 million forced laborers in the world. Some reports show they’re involved in making everything from iPhones to chocolate. Read Here – The Atlantic
Resource security is now a priority for governments the world over. Markets for many resources are likely to remain tight and unstable as demand growth outstrips production and stocks struggle to recover. Government interventions in resource markets, such as biofuel mandates and export controls, often make things worse. In the medium term, climate change will […]
Riyadh‘s frustration with Russia and China now extends to the United States, not only over Syria, but also over Washington’s acquiescence in the fall of Egypt’s Hosni Mubarak in 2011 and its new quest for a nuclear deal with Iran. Read Here – Reuters
Among all continents, Asia has the ability to disrupt the world the most. Read Here – The Atlantic
Were Prime Minister Manmohan Singh to stay away from the Commonwealth Heads of Government Meeting (CHOGM) summit in Colombo next month, it would not only be perceived as a snub by Sri Lanka but would damage Delhi’s soft-power projection in its own environs and prove deleterious to India’s interests. Read Here – The Hindu
As Iran has been preoccupied with the U.S. and its allies over the past decade, China has quietly established a growing presence along all of Iran’s borders. In none of these places are Iran and China’s interests perfectly aligned. In some cases, particularly the Middle East, they are starkly at odds. Read Here – The […]
The realignment that is taking place is as much attitudinal as structural. By sheer dint of size and scope, if countries no longer look to the United States for leadership there will be global ramifications. In a world with multiple centers of influence, from China to Latin America to India and sub-Saharan Africa, new actors […]
American policymakers have maintained that a strong India – working in close cooperation with the United States – is good for America and the world. Yet, divergent approaches to some key international issues have risen to the fore. New Delhi and Washington have differed, for instance, over whether to apply additional sanctions on Iran in […]
