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. […]
When China’s leaders finally declare victory against the outbreak of the new and deadly coronavirus, they will undoubtedly credit the Communist Party of China’s leadership. But the truth is just the opposite: the party is again responsible for this calamity. Read Here – Project Syndicate
From 1990 to 2008, annual growth in world trade was fully 82% faster than world GDP growth. Now, however, reflecting the unusually sharp post-crisis slowdown in global trade growth, this cushion has shrunk dramatically, to just 13% over the 2010-19 period, leaving the world economy more vulnerable to all-too-frequent shocks. Read Here – Project Syndicate
In turning financial relationships into a tool of empire, the United States follows in the footsteps of ancient Athens. The experience of this predecessor does not augur well for Washington. Athens used its financial power to abuse its allies and in doing so precipitated its own ruination. The United States risks doing the same. Read […]
India’s foreign policy is being shaped into a new contour, right from Act East to Neighbourhood First, there is a new outlook for the traditionally globally reticent aspiring superpower India. But traditional international relations theorists have lamented that India with its growing economy and global diaspora will be a great presence more than a great power. Read Here – […]
The world’s great rising power, the People’s Republic of China, is headed for a demographic crisis. Like the United States and most developed countries, China has a birthrate that is well below replacement level. Unlike most developed countries, China is growing old without first having grown rich. Read Here – The New York Times
The good news, then, is that the world in 2030 will be more prosperous. Indeed, the middle class could swell to over 5.5 billion people, predominantly in Asia. But it will also be significantly more unequal in individual countries. The European and North American middle class may not get much relief given current growth and […]
While the trade war between China and the United States has hogged headlines and driven market anxieties over the past year, an equally large threat to the global economy has gotten little attention: a looming tax war. Since the early twentieth century, countries have largely agreed on how to tax income earned by multinational corporations […]
looking beyond borders 