Extraordinary Measures For Ordinary Times

The legacy of 2007 is still with us. Its most devastating and destructive effect was to put a premium on unconventional monetary measures. Unfortunately, when policymakers scrambled in search of “big bazookas” ten years ago, they set the stage for the return of an old character: a strongman willing to pull the trigger. Read Here […]

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America Should Not Cheer On An India-China Fight

Even as China and India once more come nose to nose and eyeball to eyeball across the forbidding glaciers of the high Himalayas, the United States must resist the temptation to pour gasoline on this potentially dangerous conflagration even though more than a few U.S. (and global) arms merchants would benefit from the intensification of Sino-Indian military […]

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Pakistan’s Creation — A Mistake?

Both Gandhi, for all his saintly status a profoundly sectarian Hindu leader, and Muhammad Ali Jinnah, the leader of the All-India Muslim League and the founder of Pakistan, were dead within a year after partition. If the British government had not been in such a panic-stricken rush to get out of India, there might have […]

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OPEC’s Game-Theory Dilemma

To win the price-setting game, oil producers need to address two related issues: They must maintain prices at a relatively high level without losing more market share to nontraditional producers, and they need to retain unity amid geopolitical tensions and disparities in domestic economic and financial situations. Read Here – BloombergView

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Explaining Global Recovery Amid Political Recession

Today, the world’s major economies are experiencing a steady recovery, despite the occasional setback. To be sure, economic performance is far from reaching its full potential: depending on where one looks, one can find output gaps, excess leverage, fragile balance sheets, under-investment, and unfunded longer-term non-debt liabilities. Still, financial markets show no signs of convulsion, […]

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Deciphering China’s Economic Resilience

The fixation on headline GDP overlooks deeper issues shaping the China growth debate. That is because the Chinese economy is in the midst of an extraordinary structural transformation – with a manufacturing-led producer model giving way to an increasingly powerful services-led consumer model. Read Here – Project Syndicate

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