A COUNTRY which was clocking a growth rate a shade above 5pc per annum for most of its history is now finding that this rate has dropped to below 4pc. It gives the impression that this is the new equilibrium rate that we may have to live with for some time. What explains this lacklustre […]
The Trans-Pacific Partnership is the biggest trade agreement in history, reducing tariffs and other forms of protectionism in a dozen countries making up about 40 percent of the global economy with economic output of almost $30 trillion. The White House estimates it will eliminate 18,000 tariffs on U.S.-manufactured goods, while giving everyone from Vietnamese shrimpers to […]
Increasingly reliant on each other for sustainable economic growth, the United States and China have fallen into a classic codependency trap, bristling at changes in the rules of engagement. The symptoms of this insidious pathology were on clear display during Chinese President Xi Jinping’s recent visit to America. Little was accomplished, and the path ahead […]
Interestingly, Modi is in the US at the same time as Chinese president Xi Jinping and is somewhat eclipsed. The US press, which covered Modi’s first visit last year with a mixture of curiosity and enthusiasm, has largely ignored him so far. But that is the nature of the game. Modi is now a known […]
A Detroit trip would highlight the benefits of trade with his country. Not every American will like the idea that China has become crucial to the future of what’s no longer really the Motor City. But it’s easy to make the case that Chinese investment plays a significant part in protecting Detroit from something worse: […]
The election of Jeremy Corbyn as the new leader of the British Labour Party is a reminder that life is rich with paradox. Globalization – the web of travel, technology, trade, and information that binds the world ever more closely together – is hardly a new phenomenon. But politics in many developed democracies has lately been […]
Forty-three years after Richard Nixon made his famous visit to China, that country has seemingly decided to take a page from the former U.S. president’s Treasury Department. As China lowers the value of the yuan, the country’s economic policy makers are mimicking the blasé attitude of Nixon-era Treasury chief John Connally, who dismissed international complaints […]
Ranil Wickremesinghe, who is poised to become the new Prime Minister of Sri Lanka, is seen by New Delhi as a more trustworthy partner in the neighbourhood than former president Mahinda Rajapaksa. Read Here – The Indian Express
By 2022—and probably sooner—India will overtake China to become the world’s most populous state, a status the latter has held for at least three centuries and perhaps for all recorded history. And once the Chinese nation loses its demographic crown, it will fall fast. The country’s population will peak in 2028 according to the UN’s “World […]
The election in May 2014 of a new government in India raised expectations around the world of the likelihood of far-reaching changes in India’s economic and foreign policy orientation. This report examines both the promises and the concrete steps taken by Narendra Modi’s government in the areas of: defense, education, energy, healthcare, innovation & IPR, […]
looking beyond borders 