President Vladimir Putin has set up a twin economic system in Russia. The apolitical part of the economy is subject to the laws of the free market. In parallel to this is the political part of the economy, where large state-owned structures control massive amounts of money flowing into and out of the budget, and is controlled […]
After years of vocal geopolitical neutrality, India has in recent weeks seen firsthand the shortcomings of such neutrality and the promise held by warmer ties between the world’s two largest and loudly pluralist democracies. Read Here – The National Interest
China’s labor productivity — output per hour worked — is at 15 percent to 30 percent of the average for countries in the Organization for Economic Cooperation and Development. Raising that productivity is a big potential source of economic growth. But it’s also a potential source of layoffs and uncomfortable societal changes. Read Here – BloombergView
There are strong commercial and geopolitical forces at play here, first among which is China’s vast industrial overcapacity – mainly in steel manufacturing and heavy equipment – for which the new trade route would serve as an outlet. As China’s domestic market slows down, opening new trade markets could go a long way towards keeping […]
Tocqueville, who wrote in the 1830s and 1840s; John Maynard Keynes, who wrote in the 1920s and 1930s; and Karl Polanyi, who wrote in the 1930s and 1940s. Read Here – Project Syndicate
With a population of over 204 million, the Indian state of Uttar Pradesh would be the fifth most populous nation in the world — after China, India, the US and Russia — if it were a separate country. But it would also be extremely poor, with very poor development indicators and high levels of deprivation. […]
Will today’s five largest economies—China, the United States, India, Japan and Germany—maintain their places between now and 2030? Or will see a reshuffling? Read Here – The National Interest
British voters didn’t just shock the world and the financial markets by voting to leave the European Union hours ago: They also ignored President Barack Obama, handed Hillary Clinton a potential economic burden and injected new energy into the populist currents roiling politics on both sides of the Atlantic. Read Here – Politico
The UK has voted to leave the European Union after 43 years in a historic referendum. Leave won by 52% to 48% with England and Wales voting strongly for Brexit, while London, Scotland and Northern Ireland backed staying in the EU. Read Here – BBC
The prince, who’s the son of King Salman, is leading Saudi Arabia’s biggest-ever economic shakeup, moving to cut subsidies and diversify the economy away from oil by generating an extra $100 billion in non-oil revenue by 2020. Read Here – Bloomberg
