Between 2008 and 2012, several of the developed world‘s most fiscally challenged nations (including the United Kingdom, Ireland and Spain) increased top personal income tax rates by an average of 8%. In the United States, the expiration of the Bush tax cuts pushed the highest federal income tax bracket to 39.6% from 35%. Read Here […]
It is the new new normal: a way to describe the persistent state of subpar economic growth plaguing developed nations. Read Here – Bloomberg
The Chinese Communist Party’s Third Plenum released its plan for reforms, including moving toward the free market in allocating resources, abolishing prison reeducation, easing the one-child restriction for some families and eliminating local control over the judiciary. Despite such guidance on reforms, though, the plan is also designed to strengthen the party’s control, writes journalist […]
Watching China’s economic planning process, Indians may be tempted to ditch democracy. Here’s why they shouldn’t. Read Here – The Diplomat
One future is an Asia that is relatively familiar: a region whose economies continue to enjoy robust levels of growth and manage to avoid conflict with one another. The second future could hardly be more different: an Asia of increased tensions, rising military budgets, and slower economic growth. Read Here – Council On Foreign Relations
President Barack Obama pledged an aggressive expansion of U.S. efforts to draw foreign investment by clearing away red tape and having U.S. diplomats court investors who want to break into the market. Read Here – Reuters
Contrary to what environmentalists, anti-globalisation campaigners and other economic curmudgeons like to think, the world is not going to hell in a handbasket, writes Allister Heath Read Here – The Telegraph, London
Shuanghui International’s $7.1 billion purchase of US pork giant Smithfield was a US milestone for many reasons. Not only was it the biggest investment ever by a Chinese company, it also was proof that the US government could make impartial decisions about Chinese investment. And it meant that 70,000 US workers are now in the employ of […]
The middle class in China remains an essential part of the state from which it has emerged and is not very likely to be the Chinese equivalent of the European or North American bourgeoisie with whom it is often equated. Read Here – Christian Science Monitor
American policymakers have maintained that a strong India – working in close cooperation with the United States – is good for America and the world. Yet, divergent approaches to some key international issues have risen to the fore. New Delhi and Washington have differed, for instance, over whether to apply additional sanctions on Iran in […]
looking beyond borders 