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 […]
Chinese debts are squeezing Pakistan’s pinched finances as external payments are set to balloon to US$14 billion at the end of this financial year. Nearly half is owed to Chinese commercial banks, largely for Belt and Road Initiative (BRI) related projects. Read More Here
Google searches for “stagflation” this month are on track to hit their highest level since 2008, while Goldman Sachs wrote the term is now “the most common word in client conversations.” Read More Here
Growing tension with India and the West has further pushed Sri Lanka into China’s embrace. Gotabaya Rajapaksa’s government increasingly sees a friend in China who can bring much needed foreign exchange to Colombo. Since the pandemic struck in 2020, Beijing has provided crucial and timely economic and health aid support. China provided over US $2 billion […]
Chinese companies first went to Africa in 1979 in search of profits and are now the dominant force. Look at the most interesting architecture in the skyline of Dar es Salaam and you’re probably looking at a building designed by a Chinese architect and built by a Chinese firm, academic says. Read Here | South […]
This year’s recently released U.S. Treasury Foreign Exchange Report reads like Hamlet would read if we excluded the Prince of Denmark. In seeking the sources for world external imbalances and for global currency misalignments, the Treasury looks everywhere other than where the main source of these imbalances now resides. Read Here | The National Interest
The prospect of recovery from the COVID-19 crisis makes it all the more urgent to have a firm vision of how the burden of public debt can be reduced once the coronavirus has been vanquished. For this reason, every country must work on itself and strive to maintain budgetary discipline. Read Here | Project Syndicate
This time last year, concepts such as “lockdowns,” “mask mandates” and “social distancing” were unknown to most of us. Today they are part of our everyday language as the COVID-19 pandemic continues to impact all aspects of our lives. The following 12 charts and graphics attempt to quantify and provide an overview of research in the […]
The China-Pakistan Economic Corridor, or CPEC, has been the focus of heated debate among observers of Asia — and, in particular, South Asia — since its announcement in 2013. Proponents of the project in China and Pakistan describe CPEC as a “gamechanger” that will uplift Pakistan and adjacent areas of China and perhaps even reshape […]
The enduring dominance of the dollar is remarkable—especially given the rise of emerging markets and the relative decline of the U.S. economy, from nearly 40 percent of world GDP in 1960 to just 25 percent today. But the dollar’s status will be tested by Washington’s ability to weather the COVID-19 storm and emerge with economic […]
looking beyond borders 