The British tourism agency has reported that the royal family generates close to 500 million pounds, or about $767 million, every year in tourism revenue, drawing visitors to historic royal sites like the Tower of London, Windsor Castle, and Buckingham Palace. The country’s tourism agency says that of the 30 million foreign visitors who came to […]
Is the “India Story” over, as many commentators have begun to observe? Actually, the more relevant question today is: How did it grow and circulate as widely and rapidly as it did? Unlike China, with which it was routinely and inaptly compared, India never undertook extensive land reforms, nor did it adequately train its workforce […]
Two years ago, the West thought it recognised what was happening in the Arab world: people wanted democracy, and were having revolutions to make that point. Now, recent events in Egypt have left many open-mouthed. Why should the generals be welcomed back? Why should the same crowds who gathered in Tahrir Square to protest against […]
China‘s reform-minded leaders are more willing than ever to raise the pain threshold for the economy to push through long-term reforms, despite a protracted slowdown that has sparked calls for looser monetary policy. Read Here – Reuters
On July 8, 29 countries—the U.S. plus 28 countries of the EU—will begin negotiating The Biggest Trade Deal Ever. The Transatlantic Trade and Investment Partnership will affect 30 percent of global commerce, eliminate $10.5 billion in tariffs, and boost trade by an estimated $280 billion a year. Read Here – Businessweek
Picture the Maldives, and you’re probably imagining crystalline waters and perfectly groomed white beaches. Yet outside the five-star resorts, real life is very different and the image of an idyllic paradise has been tarnished by the growing problems of gang violence, drug addiction, unemployment, political corruption and religious extremism. Read Here – The National
According to the US Government Accountability Office, China surpassed America as Africa’s largest trading partner in 2009. Three years later, Chinese two-way trade with African nations amounted to $198 billion, about double ours. And the future looks bright for the Chinese. Projections put China’s African trade at $325 billion just two years from now. It was only […]
Britain’s most senior civil servant says the country is in a 20-yer generational battle to re-balance the economy and return the nation to financial health. Read Here – The Telegraph, London
The protests have many different origins. In Brazil people rose up against bus fares, in Turkey against a building project. Indonesians have rejected higher fuel prices, Bulgarians the government’s cronyism. In the euro zone they march against austerity, and the Arab spring has become a perma-protest against pretty much everything. Each angry demonstration is angry […]
Underneath all the anger in Egypt lies a basic fact: The country’s economy is in deep trouble. Normally a country in such a bad way would go to the IMF for support. Instead, it has tried to play the fund and Gulf donors off one another to stay afloat. Read Here – Foreign Affairs
looking beyond borders 