Obama Turns to a Place Where the Economy Grows

Barack Obama’s trip to Myanmar is a gift from the photo-opportunity gods. The sight of the U.S. president standing beside political-prisoner-turned-Nobel- laureate Aung San Suu Kyi in Yangon will be a heart-warming moment for a world yearning for good news .The most remarkable thing about Obama’s first trip abroad since his re-election is his itinerary. […]

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Missing Growth Multipliers

In April 2010, when the global economy was beginning to recover from the shock of the 2008-2009 financial crisis, the International Monetary Fund’s World Economic Outlook predicted that global GDP growth would exceed 4% in 2010, with a steady annual growth rate of 4.5% maintained through 2015. But the forecast proved to be far too optimistic. In […]

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We Think We Know All About The Rise Of Asia And The Decline Of The West. But We’ve Barely Begun To Grasp What It Really Means

As workers across the European Union went on protest strike today, it was hard to disagree with the trade union leader who told the BBC that austerity economics isn’t working. “It’s increasing inequalities. It’s increasing the social instability in society. And it’s not resolving the economic crisis,” she said. All of that is true and serious. […]

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Hedging Bets: Washington’s Pivot to India

n November 2010, President Obama visited India for three days. In addition to meeting with top Indian business leaders and announcing deals between the two countries worth more than $10 billion, the president declared on several occasions that the US and India’s would be the “defining partnership of the twenty-first century.” Afterward, Obama flew straight […]

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China Communist Party Unveils New Leadership With Xi Jinping At Top

China‘s ruling Communist Party unveiled its new leadership line-up on Thursday to steer the world’s second-largest economy for the next five years, with Vice President Xi Jinping taking over from outgoing President Hu Jintao as party chief. Xi was also named head of the party’s Central Military Commission, state news agency Xinhua said. The other new members […]

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CPC Congress Concludes, New Central Committee Elected

The 18th National Congress of the Communist Party of China (CPC) concluded in Beijing Wednesday morning, after a new CPC Central Committee and a new Central Commission for Discipline Inspection were elected. Delegates to the congress also passed resolutions on the report of the 17th CPC Central Committee, the work report of the Central Commission for Discipline […]

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Afghan Warlords Regrouping

One of the most powerful mujahedeen commanders in Afghanistan, Ismail Khan, is calling on his followers to reorganise and defend the country against the Taliban as Western militaries withdraw, in a public demonstration of faltering confidence in the national government and the Western-built Afghan National Army. Mr. Khan is one of the strongest of a […]

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Afghanistan’s Fraught Future

President Hamid Karzai’s visit to India comes at a time when his nation’s future, more than at any point since 9/11, is shrouded in a fog of fear. This weekend, shells fired by his troops were reported to have killed five civilians in Pakistan’s South Waziristan agency, the latest in a series of cross-border skirmishes. […]

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Obama Caught In The Great Thrall Of China

IN SEVEN weeks America‘s federal budget will self-destruct and plunge America back into recession unless Barack Obama can persuade the Republicans in Congress to raise taxes, which they have vowed never to do. So what is he doing between now and then? He’s heading off to visit south-east Asia and attend the East Asian Summit. […]

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