Singapore is not only a world away from the UK geographically, but as a small city state of no more than 5.5 million people and with a still relatively authoritarian approach to government, it doesn’t obviously hold many lessons for a mature, and much larger, advanced economy such as our own. Read Here – The […]
The systemic waste of natural resources in the Gulf is eroding economic resilience to shocks and increasing security risks. The six Gulf Cooperation Council (GCC) countries now consume more primary energy than the whole of Africa. Yet they have just one-twentieth of that continent’s population. Almost 100% of energy is produced from oil and gas […]
Beyond the bright prospects for the return to rapid U.S. economic growth and the resulting decline in federal debt as a percentage of gross domestic product, the U.S. will enjoy six major long-term advantages over its competitors. Read Here – Bloomberg
Throughout the history of capitalism, economic bubbles have been commonplace. They have emerged wherever liquid financial markets exist. The range challenges the imagination: from the iconic tulip bulb bubble, to gold and silver mining bubbles, to bubbles around the debt of newly established countries of unknowable wealth, to — again and again — real estate […]
Over the next decade, a massive wave of new oil and gas discoveries will transform Africa. If the resource curse plays out as it usually does, this oil boom will only serve to entrench authoritarian rule and inhibit democracy. Unless, that is, African governments embrace a radical approach: handing a large share of the new […]
At least in the Maldives, the Manmohan Singh government has sought to correct its botched analysis of the political situation. Across the rest of South Asia, Delhi has so clearly lost its nerve that it has failed to project the leadership that is expected of it. Worse, by taking the path of least resistance, the […]
Globalization has been changing U.S. foreign policy since the beginning of the American Republic. From our first diplomatic post in Tangier, Morocco founded in 1777, to the more than 285 diplomatic facilities around the world today operated by the U.S. Department of State, the business of diplomacy has evolved over time. The Diplomat
When the U.S. financial system crashed in 2008, market watchers were increasingly romancing the idea of a “decoupling” that would separate emerging-market fortunes from those of the subprime-hobbled U.S. Such economies as Brazil’s and China’s, the thinking went, had the demographics and national balance sheets to keep growing and wowing as America foundered. Never happened. Read […]
Since 2010, global financial circles have been obsessing about China’s slowing economy. But, while the country barely met the official target of 7.5% annual GDP growth in the second quarter of this year – generating significant anxiety worldwide – China’s government seemingly remains calm, showing no indication that it plans to launch yet another stimulus […]
We live in a world where no single country or group of countries can provide dominant, sustainable global leadership—G-Zero, as I call it—and that’s in large part because so many countries lack solid leadership at home, writes Ian Bremmer. Read Here – Reuters
