Had there been no financial crisis in 2007/08 with all the consequences that came with it, the economic outcomes—and, therefore, political history—of the last eight years would have been markedly different. We can talk about globalisation and income inequality until we are blue in the face, but these issues alone don’t explain what’s happening, and […]
The idea that being a banker is an alluring characteristic for a member of the Trump Administration is a startling change. For months, Trump criticised Hillary Clinton for giving paid speeches to banks like Goldman Sachs. Read Here – The New Yorker Also read: Donald Trump and the New Economic Order
It’s a bomb! A mountain! A horror movie and a treadmill to hell! To doomsayers, China’s $25 trillion pile of public and private debt is a threat to the global economy. Or maybe it’s just a manageable byproduct of the boom that created the world’s second-biggest economy. Read Here – Bloomberg
Of course, it is hard to compare anywhere else to China given the sheer scale of the People’s Republic and its transformation. And yet, much like Mexico in the 1990s, China has long been ruled by a one-party dictatorship that has outgrown its ideological purity (all lip service aside) in favor of a widely acclaimed […]
Courtesy: Global Times
China says that 30 countries have been approved as prospective founding members of the Asian Infrastructure Investment Bank (AIIB). Read Here – Xinhua
China’s economy grew at its slowest pace in 24 years in 2014 as a cooling property market weighed on demand and is expected to lose more momentum this year, keeping pressure on policymakers to head off a sharper downturn. Read Here – Reuters
Expectations that India’s prime minister would revolutionize a troubled economy overnight were wildly overblown. But three months on, even some Modi skeptics may be wondering if they have been too easy on the great modernizer from Gujarat. Since taking office, Modi has scuttled a global trade deal, sidestepped much-needed subsidy cuts, and refrained from letting […]
There’s good news and bad in China’s loss of traction. The good: It will compel President Xi Jinping to end China’s addiction to easy credit and local-government debt, a recipe that’s now causing more bubbles than growth. The bad: Global markets may not be ready for the ugly data about to emanate from an economy […]
Economic interdependence was supposed to defuse geopolitical tensions over time – or at least allow the two to be compartmentalized. But today the West is using Russia’s participation in the global economy to punish it for its actions in eastern Ukraine. The EU has announced sanctions that will hit Russia in the banking, oil and […]
looking beyond borders 