While the immediate catalyst for economic restructuring is the impact of the sharp fall in international oil prices, the rationale for these reforms has been evident for much longer. With oil sales generating the bulk of government revenues, and with the public sector being the predominant employer, Saudi officials have long worried that the Kingdom’s […]
Today’s China is nowhere near the point of another Cultural Revolution, and the 50th anniversary of the start of that traumatic era will go unmarked in official circles. Chinese leaders “are frightened of the Cultural Revolution,” says the historian Frank Dikötter. “They think that’s what might happen if you give ordinary people a say.” Read […]
When President Barack Obama was elected in November 2008, the U.S. economy was shrinking at a rate unmatched since World War II. In the seven years between then and his final State of the Union address Tuesday night, global investors have enjoyed stellar results from the rapidly expanding Obama economy. Read Here – Bloomberg
Justin Trudeau beamed as he explained why he felt the need to put together Canada’s first cabinet with an equal number of male and female members. “It’s an incredible pleasure for me to be before you today … to present a cabinet that looks like Canada,” Trudeau said in his first statement as Canada’s 23rd prime […]
The liberalization of the one-child policy had been expected—and virtually inevitable. China, after all, is heading toward accelerated demographic decline. The country’s population is now projected to peak in 2028, well before the 2030–2035 timeframe expected just a half decade ago. In all probability, the top will be reached earlier, maybe in 2020. Read Here […]
While economics works well between China and the United Kingdom, it is a tricky diplomatic route for Cameron and he will have to ensure that his newfound bonhomie with Xi doesn’t make the old ally in Washington too nervous. He will have to carefully walk the fine line between keeping old, historic ties in place […]
The future of global inequality, in other words, rests on India’s shoulders. To join the global middle class, India must do much better. It must improve infrastructure and education. It must implement good governance and reduce harmful corruption. It must attract foreign investment and make growth a priority. And it must do all this while […]
China will continue to grow at a sustainable rate, and will not experience a hard landing, Chinese President Xi Jinping said in London. “China will not close the door it has opened. We are working to build a new system of an open economy and we will make renewed effort to make an open world economy”. In […]
David Cameron has defended the UK’s business links with China as he said deals worth £40bn had been struck during President Xi Jinping’s visit. Cameron hailed a deal giving China a 30% stake in a new nuclear plant. The PM said the two countries could maintain a “strong relationship” while having “necessary and frank discussions” about issues […]
looking beyond borders 