The new central bank network created since 2008 is of a piece with the new networks for stress testing and regulating the world’s systemically important banks. The international economy they regulate is not one made up of a jigsaw puzzle of national economies, each with its gross national product and national trade flows. Instead they oversee, […]
The stand-off at the India-Bhutan-China tri-junction reflects the dissonance in the Sino-Indian relationship, driven by a hardening of the Chinese stand on territorial claims. Some Indian analysts suggest a comprehensive relook at India’s approach to such assertiveness, while others believe such a “reset” is already under way. The last such “reset” of relations was in […]
Are we living through an era that resembles the 1930s, when authoritarian leaders were on the march, democratic leaders failed to stand up to them, the international system buckled, and the world was dragged into war? Or are we living through something more like the late 1970s, when America, recovering from its long engagement in […]
The past decade has witnessed significant changes in the global economy as many nations around the world have struggled with the Great Recession and its aftereffects. While the United States and other relatively wealthy Western nations have slowly bounced back from the crisis, economic growth rates have been low compared with those of China, India […]
Infograph courtesy: Global Times
China’s finance ministry was technically correct when it reacted to a sovereign debt rating downgrade in May by saying the debts of local government financing vehicles (LGFVs) and state-owned enterprises would not swell the government’s contingent liabilities. Read Here – South China Morning Post
There are some problems that “good chemistry” just can’t solve. At a surprisingly cheerful summit meeting at Mar-a-Lago in April, Chinese President Xi Jinping seemed to find Donald Trump’s sweet spot. Xi said they “cemented their mutual trust”; Trump called Xi a “terrific person” and hailed their “good chemistry together,” predicting that “lots of potentially […]
The I.M.F. has a complex definition of “advanced,” but a common thread is that all the nations have a per-capita income of at least around $15,000. Since Poland completed the transition from Communism to democracy in 1991, its economy has been growing at an average annual rate of 4 percent and, remarkably, has not suffered […]
Pakistani and Chinese officials boast that CPEC will help address Pakistan’s electricity generation problem, bolster its road and rail networks, and shore up the economy through the construction of special economic zones. But these benefits are highly unlikely to materialise. The project is more inclined to leave Pakistan burdened with unserviceable debt while further exposing […]
Last year’s Brexit vote followed by the election of Donald Trump resulted in the idea that populism was sweeping the West. Elections were scheduled in 2017 for Austria, the Netherlands, France, and Germany, leading to fears among the establishment in those countries that the center-left-center-right consensus that had dominated politics for much of the past […]
looking beyond borders 