Say what you want about Benigno Aquino, but the Philippine president has some brass. First he arrested predecessor Gloria Arroyo on corruption charges and ousted her Supreme Court chief justice. Then he took on the powerful Catholic Church, shepherding free-contraception laws that enraged the Vatican. Next he ran afoul of the local tycoons by backing […]
POOR countries have long been a popular destination for the rich world’s toxic trash. In 1987 an Italian importer sparked international outrage by dumping 8,000 leaky barrels in the Nigerian village of Koko. On January 9th Nigeria fined importers $1m for trying to bring in two 12-metre containers full of defunct televisions, computers, microwaves and […]
On Friday, China’s National Bureau of Statistics announced that income inequality in the country exceeds a warning level set by the United Nations. China’s publication of its Gini coefficient – a widely used measure of economic equity – drew attention for a number of reasons. For one, China has not published its Gini coefficient since 2000. More […]
The general mood was at its most upbeat since January 2007, when the financial system was as frozen as the Davos streets. Relief that most experts judged the financial crisis to be over at last outweighed concern that economic growth and job creation seems likely to remain sub-par for the forseeable future. (Christine Lagarde, boss […]
Russia is taking the helm of the Group of 20, and with that honor comes a unique opportunity: to lead the international community toward sustainable, inclusive growth and shared prosperity in 2013. The Russian government has pledged to focus its G20 presidency on practical solutions to stimulate growth and jobs, manage government debt and regulate the financial sector. Russia could lead in advocating yet another significant G20 priority: strengthening local capital markets. […]
After four years of international tumult, Hillary Clinton is preparing to step down as secretary of state. In addition to carrying out her traditional role as the nation’s top diplomat, Clinton has quietly used the office to help U.S. companies close deals with foreign governments—arguing that business and trade promotion are central to American strategic interests. Bloomberg Businessweek sat […]
This week the world’s wealthiest and the best-connected have gathered in Switzerland for the World Economic Forum’s annual meeting. An exceedingly diverse group of business and policy titans are schmoozing, paneling, and work-shopping their way through the world’s top intractables: climate change; a tattered euro zone; and who could forget the eternally vexing problem of “Catalysing Multistakeholder Value”? […]
In 2013, this breakdown of international coordination will go increasingly local: in such a world, governments will focus more on their domestic agendas, which will create new risks in and of itself. Most importantly, the growing vulnerability of elites makes effective public and private leadership that much more difficult to sustain. Leaders of all kinds are becoming more vulnerable to their […]
oday’s Russia is a strange paradox. The country and its people are better off than at any time since at least the Bolshevik Revolution. But its great financial wealth coexists with remarkable weakness. True, it still has a large army and a nuclear arsenal capable of ending life on Earth. But by most measures of modern power, Russia is a lightweight. It has almost no influence in the world […]
AS EVERY monarch in the Gulf knows, even geysers of oil cannot keep all your subjects happy all of the time. Still, King Abdullah of Saudi Arabia may have been surprised that his recent appointment of 30 women to the kingdom’s 150-person shura council should provoke a public protest. The all-appointed body, a sort of proto-parliament, has […]
looking beyond borders 