PICK YOUR WAY through the narrow alleys of a south Delhi slum to the dark, low-ceilinged home of a fortune-teller with a green parrot. For a bundle of rupees he sets the bird to work, picking from a selection of cards. The man glances at one and lets his conjectures fly. India will soon be […]
China’s foreign exchange (‘forex’) reserves and its holdings of U.S. government debt are two of the most frequently misunderstood issues in relations between the two countries. Recent events have underscored this problem. On September 18th, a car carrying Gary Locke, the U.S. Ambassador to China, was surrounded and partially attacked in a sideshow to an […]
Korean pop culture may not (yet) turn heads in Los Angeles or London, but its impact — economic as well as cultural — across the developing world is startling. First taking off in China and Southeast Asia in the late 1990s, but really spiking after 2002, Korean TV dramas and pop music have since moved […]
China’s 12th five-year Plan calls for a shift in the country’s economic model from export-led growth towards greater reliance on domestic demand, particularly household consumption. Since the Plan’s introduction, China’s current-account surplus as a share of gross domestic product (GDP) has indeed fallen. But does that mean that China’s adjustment is on track? According to […]
WHEN India won independence 65 years ago, its leaders had a vision for the country’s future. In part, their dream was admirable and rare for Asia: liberal democracy. Thanks to them, Indians mostly enjoy the freedom to protest, speak up, vote, travel and pray however and wherever they want to; and those liberties have ensured […]
It had been a brutal August for India’s Congress party: economic growth was wilting, the monsoon rains were failing and the opposition had it cornered on yet another corruption scandal. In stepped Sonia Gandhi to revive the morale of the ruling party’s lawmakers, exhorting them at a meeting to “stand up and fight, fight with a […]
China’s new leaders are poised to inherit the weakest economic growth since Deng Xiaopingthree decades ago and may need to borrow from his market-opening tool kit to avert a steeper decline. As the Communist Party prepares to anoint Vice President Xi Jinping, 59, and Vice Premier Li Keqiang, 57, next month as its so-called fifth generation in charge, data […]
While the eurozone debt crisis hangs like a dark cloud over the global economy, a grey cloud is emerging in China with deep consequences for the states of the Gulf Cooperation Council: the prospect of a hard landing. Read Here – The National
The Japanese government’s illegal purchase of China’s Diaoyu Islands is hurting trade between the two countries. A poll shows a large number of Japanese companies are paying the price. And the row is also hitting Japanese stock markets. Read Here – China Times
During the past four years, the U.S. saw significant declines in nearly all categories of the economic-liberty index. Most significant — and this should come as no surprise to anyone paying attention — is that the size of government grew substantially, particularly when measured by size of government subsidies and transfers and by government consumption […]
looking beyond borders 