Mian Mohammad Shehbaz Sharif was elected as the 23rd prime minister of Pakistan on Monday, receiving 174 votes in the 342-strong National Assembly after the Pakistan Tehreek-i-Insaf, which is the largest party in the lower house with 155 seats, boycotted the session and also decided to resign from the assembly. Read More Here
The US-China trade war and the recent freezing of much of Russia’s official foreign-exchange reserves have again raised fears of an exodus from the dollar. But no one should write the greenback’s obituary just yet. Read More Here
Impacts will flow through three main channels. One, higher prices for commodities like food and energy will push up inflation further, in turn eroding the value of incomes and weighing on demand. Two, neighboring economies in particular will grapple with disrupted trade, supply chains, and remittances as well as an historic surge in refugee flows. […]
Anger is boiling over in Sri Lanka at the country’s worst economic crisis since independence in 1948, much of it directed at the island nation’s all-powerful ruling Rajapaksa family. Read More Here
Many academic studies suggest that sanctions on China or a break in Sino-American economic ties probably would have a smaller quantitative impact than one might think, at least over the medium to long term. But that is a theory better left untested. Read More Here
Far from being in an unenviable bind, New Delhi now looks well placed to leverage its position in the middle for its own benefit in the short and long term. Read More Here
Chinese President Xi JInping urges EU leaders not to ‘tie the world’ to the conflict and warns that spillover effects could set back decades of international cooperation while European leaders ask Beijing not to ‘interfere’ with sanctions on Russia and say ‘clearly opposing’ views on the conflict were expressed. Read More Here
The Russian-Ukrainian war of 2022 is not just a major geopolitical event but also a geoeconomic turning point. Western sanctions are the toughest measures ever imposed against a state of Russia’s size and power. Read More Here
Chinese President Xi Jinping’s “common prosperity” campaign takes aim at the market-oriented policies that have enabled China’s rise. At a time when COVID-19 border controls and perceived complicity in Russia’s aggression are already threatening to isolate China, the risks of pursuing such a campaign should not be underestimated. Read More Here
When Yoon Seok-youl takes office, he’ll have fewer administrative measures in place to deal with a pandemic that continues to rage. Read More Here
looking beyond borders 