If you think Federal Reserve Chair Janet Yellen is stressed, spare a thought for Agus Martowardojo. On Tuesday, the governor of Indonesia’s central bank had to choose between cutting interest rates to support growth or hiking them to prop up his currency. He ultimately decided to split the difference and do nothing. Martowardojo’s dilemma is emblematic of […]
The nuclear deal with Iran has sparked a vigorous debate not only in the United States, but in Iran as well. The discussion of the agreement among Iranians at times echoes the American discussion, but is also much deeper and wider. Reports in Iranian media, as well as our own correspondence and conversations with dozens […]
Singapore is throwing itself a grand 50th-anniversary party this weekend, and it has plenty to celebrate. Its income per capita has grown from roughly $540 in 1965 to more than $55,000 in 2014. That’s about the same as the U.S. and on par with the richest countries in Europe. If ever there was an economic miracle, […]
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, […]
The rivalry for Iran’s future has played out over WhatsApp, Viber, and Tango. All three are used heavily to make free calls, send messages, and post photos or videos. They’re also ways to share the deliciously naughty political humor that Iranians love, without getting caught by the Committee to Determine Instances of Criminal Content. Read […]
One likely Saudi Arabian response to the deal its biggest enemy Iran has struck with world powers is to accelerate its own nuclear power plans, creating an atomic infrastructure it could, one day, seek to weaponise. But while it has recently made moves to advance its nuclear programme, experts say it is uncertain whether it could […]
The five BRICS countries are home to 42.6 percent of the global population, 21 percent of the world’s economy and nearly half of the world’s forex reserves, but have been marginalized in the global financial landscape. For example, in the World Bank, the five have a total of only 13 percent of voting rights, while […]
The problem is that China’s recent slowdown from 10 percent annual growth to about 7 percent is only the beginning. The recent drops in housing and stock prices are harbingers of a further economic moderation. That is inevitable, since no country can grow at a breakneck pace forever. And with the slowing of China, Brazil […]
Defenders of Barack Obama’s Iran deal ask a seemingly practical question of its critics: What would you do instead? But that question is only seemingly practical, not actually practical. The deal won’t go into effect only if two-thirds of both houses of Congress vote to override a presidential veto of a joint resolution of disapproval. Ten […]
looking beyond borders 