At 7.7%, China’s annual GDP growth in the first quarter of this year was slower than many expected. While the data were hardly devastating relative to a consensus forecast of 8.2%, many (including me) expected a second consecutive quarterly rebound from the slowdown that appeared to have ended in the third quarter of 2012. China […]
For all those who had been expecting it, this is it: Italy’s Third Republic began on April 20, 2013 with the re-election of 88-year old Giorgio Napolitano as president. If you believed that the new republic had already started with the nomination of Mario Monti as prime minister in late 2011, you are mistaken. Monti was […]
It is not entirely clear yet when and how the Cyprus banking crisis will be resolved. But what is clear is that numerous institutional and individual Russian clients of at least two of Cyprus’ largest banks will incur serious losses because of frozen and lost assets. What lessons for the future can be learned already? The Cyprus banking crisis revealed just how deeply Russian business […]
India should negotiate with China to open the ancient trade route for mutual gain. India enjoys historic popularity with the people of Central Asia and Xinjiang. Most of the merchandise sold by Pakistani traders across the border in China is of Indian origin. The economy of Ladakh, which has traditionally depended on trade, would thrive […]
While there were many reasons for the world’s oldest democracy and the world’s largest democracy to mend fences, perhaps the most important reason was the one that few officials could point to in public: the rise of China. In modern times, tensions between New Delhi and Beijing date back to their border war in 1962. […]
2013 is not 1962 and the Indian media and politicians should not behave as though it was, by needlessly raising the decibel level and trying to push the government to adopt a hawkish course on the border. But what the recent controversy does tell us is unsettled borders are not good for two neighbours because […]
So has the time finally come when America and its allies will take action, send in the bombers, declare a no-fly zone? It seems not. For there is a matching shout from the West: “It’s Iraq all over again.” Indeed, if there are any polls suggesting intervention would be a vote-winner, governments across the world […]
Fifty years ago, Burma, Sri Lanka, and the Philippines seemed ready to bloom economically. Each was blessed with an excellent resource base and a strong export sector. Burma was the world’s leading rice exporter, Sri Lanka one of the leading exporters of tea (it became the leading exporter in 1965), and the Philippines the second-largest sugar exporter […]
Open defecation is practiced by more than 600 million Indians, according to the World Health Organization. The WHO calls open defecation the riskiest sanitation practice of all due to the ease of disease spread. More often than not, water is contaminated by the same people who drink it. Open defecation is rampant in slums and rural […]
Since Greece’s insolvent-grade financials first came to light, Europe has consistently and reliably emanated ripples of distress across the Atlantic. Recall the mini-panic of 2011, with its big selloffs in global markets. And periodic fears about the endearingly named PIIGS—Portugal, Italy, Ireland, Greece and Spain—sneezing their malaise onto France and beyond. Then there’s the latest bank-run-that-wasn’t out […]
