At the urging of President Vladimir V. Putin, Russia’s lower house of Parliament passed legislation Tuesday allowing him to run for a fifth term as president. Putin, who is 67 years old and was first elected in 2000, noted that the legislation would still have to be approved by Russia’s Constitutional Court and in a […]
Policymakers and too many economic commentators fail to grasp how the next global recession may be unlike the last two. In contrast to recessions driven mainly by a demand shortfall, the challenge posed by a supply-side-driven downturn is that it can result in sharp drops in production, generalised shortages, and rapidly rising prices. Read Here […]
With politicians proposing policies that would vastly expand the size of the government and its involvement in the economy, it is clear that too many Americans have forgotten the lessons of the twentieth century. As Friedrich Hayek and Milton Friedman pointed out long ago, deviating from market principles is a recipe for disaster. Read Here […]
The global coronavirus outbreak might accomplish something that myriad bad polls haven’t: make Republicans fear losing the 2020 presidential election. Until now, survey after survey has consistently shown President Trump losing to the Democrats in November. Like, to all of the Democrats. Yet Republicans have remained confident…But the plunging stock market, badly spooked by the unpredictable […]
India has now come to a watershed. Its powerful government can either focus its efforts on reinvigorating the economy or it can proceed with a transformation of an imperfect liberal democracy into something very different. It is easy to understand the appeal of this dangerous project. But we must hope that Mr Modi will listen, […]
The COVID-19 outbreak has hit at a time of much greater economic vulnerability than in 2003, during the SARS outbreak, and China’s share of world output has more than doubled since then. With other major economies already struggling, the risk of outright global recession in the first half of 2020 seems like a distinct possibility. […]
As China-India competition continues unabated, Afghanistan is somewhat insulated from their more sensitive security concerns. Unlike in Iran and other countries, where the competitive aspects of the relationship are emphasised due to geopolitical reasons, Afghanistan allows the two Asian giants to compartmentalise touchy issues and cooperate on common interests such as counterterrorism. Read Here – The […]
The coronavirus outbreak that exploded three weeks ago in the central Chinese city of Wuhan has prompted the most severe government actions in three decades. Cities are closed down, transport links broken, and tens of millions of people effectively quarantined. At a time when the Party and the leadership claim supremacy over every aspect of […]
The World Bank has warned that a massive debt wave is building worldwide. There is no telling who will be hit the hardest, but if vulnerable countries, from the United Kingdom to India, do not act soon, they may face severe economic damage. Read Here – Project Syndicate
The discussion at Davos this year may be part of a move in the right direction toward a more sustainable capitalism. But we need to see some proof: corporations paying taxes and liveable wages, for a start, and respecting – and even advocating – government regulations to protect our health, safety, workers, and the environment. […]
looking beyond borders 