Congratulations to India for appointing Raghuram Rajan as the new governor of its central bank. It would be hard to think of anybody better qualified — not even Janet Yellen. But condolences to India for the news that monetary and financial policies aren’t the main obstacles to its prosperity. The economy needs better management, all right, but not […]
At the end of 2012, Singapore could boast the world’s thirty-seventh economy, an almost negligible unemployment rate of 2%, and one of the highest incomes per capita among leading industrial economies. Yet any recent arrival to the Lion City quickly notes a seething undertone of resentment and dissatisfaction across significant segments of the population. Read Here – The […]
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
looking beyond borders 