Lost in this cross-wired debate is the issue of the long-term future of the economy. Britain has been finding it difficult to recover from the financial crisis not just because of its austerity policy but also because of its eroding ability to engage in high-productivity activities. This problem is most tellingly manifested in the country’s […]
As China, Japan and many other nations face an aging demographic profile, the youth segment of India’s population is growing rapidly, and is projected to continue to do so for the next 30 years. Provided India can act quickly on health, education and employment, this demographic dividend has the potential to inject new dynamism into its flagging economy. […]
When Pakistan’s President Asif Ali Zardari travels to Iran on Monday to oversee the formal inauguration of an ambitious gas pipeline project from Iran to Pakistan, his gesture of defying US pressure on this issue will be seen broadly as a hollow one. With just days before the tenure of his elected government ends, Zardari […]
While the new appointments won’t be formally announced by the National People’s Congress, China’s parliament, until mid-March, two senior party sources in Beijing have confirmed promotions for veteran diplomats Yang Jiechi, Wang Yi, and Cui Tiankai. Together, the appointments suggest that China wants to improve the optics of its relationship with the United States, if […]
When President Pranab Mukherjee lands in Mauritius on Monday, he will be buttressing a relationship with an Indian Ocean nation that is so central to India’s security interests that it went to the extent of planning military intervention to ensure an Indian-origin Prime Minister remained in power there. The Top Secret ‘Operation Lal Dora’ — […]
For too long, women were viewed as victims — of discrimination and illiteracy, of violence, and confined to deferential positions in society because of once-unbreakable cultural and religious traditions. But as the tide of democracy sweeps the globe, women are becoming a growing force on the world stage. We are seeing a new voice of activism […]
It is a shift as momentous as the U.S. eclipse of Britain’s Royal Navy or the American economy’s surpassing of the British economy in the late 19th century. According to preliminary figures reported this week, China has overtaken the United States as the world’s largest net oil importer. Nearly 6 million barrels per day flowed into the United […]
In its rush to fete Myanmar‘s president, Thein Sein, and capitalize on the country’s tentative opening, the international community has turned a blind eye toward the ongoing repression of minorities and the continued political dominance of the military. In doing so, it has given up much of its leverage over Sein at the very time […]
“The British Empire seems to be running off almost as fast as the American loan,” Winston Churchill thundered before the House of Commons on Dec. 20, 1946. “The haste is appalling.” As if secretly synchronized, the pillars of empire and the international acceptability of the pound sterling were crumbling in tandem. In late 1945, President Harry S. Truman’s administration […]
Hugo Chávez, resplendent in crisply pressed fatigues and paratrooper boots with red shoelaces, had a very special guest. Meeting him that day in mid-September 2011 in Caracas was the world’s most powerful banker, who had lent Chávez’s government at least $40 billion over the four years from 2008 to 2012, or about $1,400 for every […]
