After emerging poor and devastated from its independence struggle 50 years ago, Bangladesh has managed to become a global paragon of economic development. While the country’s success is the result of many factors, two distinctive features of its political economy stand out. Read More Here
Cryptocurrencies might turn out to be a massive speculative bubble that ends up hurting many naive investors. Indeed, many cryptocurrency fortunes have already evaporated with the recent plunge in prices. But whatever their ultimate fate, the ingenious technological innovations underpinning them will transform the nature of money and finance. Read More Here
There is wide agreement that vaccinating the world is the only way to end the pandemic. But no one has yet operationalized a plan or marshaled the support to achieve it. The result is a world divided into two parts: one vaccinated and the rest threatened by COVID-19 for years to come. Read More Here
While this crisis will leave scars, it would be inaccurate to see only adversity ahead. Emerging markets can not only reclaim their hard-won economic gains, but do even better than before the pandemic. Obviously, a first step depends on procuring, producing and distributing vaccines to end this pandemic. Read More Here
Despite presenting his agenda as the antithesis of Donald Trump’s, President Joe Biden, like his predecessor, is managing global affairs as an extension of domestic politics and economic policy. The goal of what the Biden administration calls “foreign policy for the middle class” is to promote the interests of America’s middle-class and working people. Read […]
If China historically had pursued the path that its current paramount leader, Xi Jinping, seems to want to take, it would not be a rising economic superpower. History shows that it is in China’s own interest to allow for more regional autonomy and less centralization. Read More Here
The U.S. economic recovery is unlike any in recent history, powered by consumers with trillions in extra savings, businesses eager to hire and enormous policy support. Businesses and workers are poised to emerge from the downturn with far less permanent damage than occurred after recent recessions, particularly the 2007-09 downturn. Read More Here
Nigeria is in big trouble. If a state’s first obligation to those it governs is to provide for their security and maintain a monopoly on the use of violence, then Nigeria has failed, even if some other aspects of the state still function. Criminals, separatists, and Islamist insurgents increasingly threaten the government’s grip on power, […]
China’s ruling Communist Party said Monday it will ease birth limits to allow all couples to have three children instead of two in hopes of slowing the rapid ageing of its population, which is adding to strains on the economy and society. The ruling party has enforced birth limits since 1980 to restrain population growth […]
Xi Jinping is in a race against time. The glow of China’s early economic rebound and containment of COVID-19 is fading. The international media have moved on to celebrate vaccine efficacy and vaccination rates elsewhere, and other economies have started posting solid growth rates. Read Here | Foreign Affairs
looking beyond borders 