Banking reforms alone, however, aren’t going to bring foreign investors back or prevent the rupee from falling further. This is (Raghuram) Rajan’s real challenge: He is stepping into a stew of financial chaos, missed opportunities and political paralysis that has been simmering for years. It’s no longer inconceivable that India could become the first of […]
Senior Party members will meet in November in Beijing to discuss deepening reforms, and experts said they expect the meeting to set China’s economic agenda. The decision to hold the Third Plenary Session of the 18th Communist Party of China Central Committee was made at a meeting of the Party’s political bureau on Tuesday, which adopted plans for streamlining local government, and preventing and punishing corruption over the next four years. Read Here – China Daily
Our imperialist mindset — a hangover from the 20thcentury — suggests that developing countries are always helpless without the West. That says more about our limited analytical abilities than about how the emerging world will fare, writes Zachary Karabell Read Here – Reuters
Not so long ago India was celebrated as an economic miracle. In 2008 Manmohan Singh, the prime minister, said growth of 8-9% was India’s new cruising speed. He even predicted the end of the “chronic poverty, ignorance and disease, which has been the fate of millions of our countrymen for centuries”. Today he admits the […]
When the U.S. financial system crashed in 2008, market watchers were increasingly romancing the idea of a “decoupling” that would separate emerging-market fortunes from those of the subprime-hobbled U.S. Such economies as Brazil’s and China’s, the thinking went, had the demographics and national balance sheets to keep growing and wowing as America foundered. Never happened. Read […]
China just released a host of encouraging new financial data, leading some analysts to conclude that the nation’s economic problems are “bottoming out.” Don’t take that for granted. China is famous for making up important economic numbers to mask serious problems—or to present a “harmonious” picture for its society and the world. Read Here – WorldAffairsJournal
“Capitalism in Question” sounds like a consciousness-raising session from Occupy Wall Street. But it also happens to be the theme of this year’s annual meeting of the Academy of Management, an association of management professors with more than 19,000 members in over 100 countries. Read Here – Businessweek
China’s economy has shown signs of not working since the fall of 2011, but most economists and analysts chose to ignore them. Now, just about everyone is commenting on Chinese economic weakness. Expert opinion never seemed more synchronized. Read Here – WorldAffairsJournal
China must deepen reforms in major areas with “ever more political courage and wisdom” to surmount the institutional barriers that are restraining growth, President Xi Jinping has stressed. Read Here – Xinhua
To be sure, Chinese leaders would prefer balanced high growth to low growth. However, the current leadership is aware of the enormous risks of allowing highly distorted growth to continue. Since 2008, Beijing has maintained growth with a massive injection of credit, much of it invested in speculative real estate, excessive industrial capacity, and infrastructure […]
looking beyond borders 