The Dollar Still Dominates
The centrality of the U.S. dollar in world affairs is mainly determined by economic factors, but geopolitical forces are threatening to weaken its top spot in the currency hierarchy. Read More Here
Tag: debt
A brief history of China-Africa relations
Africa has been crucial to China’s foreign policy since the end of the Chinese civil war in 1947. China supported several African liberation movements during the Cold War, and for every year since 1950 bar one, the foreign minister of the People’s Republic of China (PRC) has first visited an African country. Read More Here
A World In Crisis Needs Both Trade And Aid
As financial conditions tighten, even countries that had seemed on track to prosperity and stability now stare into the abyss of debt distress, fragility and uncertainty about the future. Both aid and trade have key roles to play in reversing the impacts of this quadruple shock and putting the world back on track. Read More […]
Falling Rupee Puts Modinomics In Great Peril
Though drops in the Japanese yen and Chinese yuan are getting the global headlines, the all-time lows set by the Indian rupee may be the most troubling currency stumble of them all. Read More Here
Pakistan’s Fragile New Government Looks To The Gulf
There’s a new coalition government in power in Islamabad. And, like its predecessors, it not only inherits an economy in crisis, but is also engaging the International Monetary Fund, as well as key foreign partners – including Saudi Arabia and the United Arab Emirates – for emergency support. Read More Here
Sri Lanka’s Oppressive Stability Starts To Crumble
Facing Sri Lanka’s worst economic crisis, the Rajapaksa family’s appeals to national security and Sinhala Buddhist nationalism may no longer be enough to keep them in power. Read More Here
The End Of An Economic Illusion
Coming after a year of high inflation, Russia’s war in Ukraine is forcing a reckoning for policymakers and commentators everywhere. New macroeconomic realities show that the days of mindless demand stimulus, guaranteed bailouts, and activist climate policies must now be put behind us. Read More Here
Russia Sanctions Threaten To Backfire On The Buck
Japan and China tend to agree on very little when it comes to economic strategy, geopolitics or managing Western idiosyncrasies. Yet Joe Biden is bringing Tokyo and Beijing together on one issue: their combined US$2.4 trillion of US Treasury debt holdings that are now suddenly in doubt. Read More Here
A Disrupted Global Recovery
The continuing global recovery faces multiple challenges as the pandemic enters its third year. The rapid spread of the Omicron variant has led to renewed mobility restrictions in many countries and increased labor shortages. Supply disruptions still weigh on activity and are contributing to higher inflation, adding to pressures from strong demand and elevated food […]
Indebted Sri Lanka Extends A Begging Bowl To China
Sri Lanka’s turn to China amid the island nation’s worst economic crisis in decades risks surrendering more long-term sovereignty in exchange for a short-term financial lifeline. Colombo’s slip into what many critics have characteriSed as a China “debt trap” could see Beijing deepen its strategic footprint in the Indian Ocean, significantly at a time the […]
looking beyond borders 