In The News

Growth and Globalization Cannot Cure All the World’s Ills

Gideon Rachman January 30, 2014
Global leaders and elites, such as those who gathered for the World Economic Forum in Davos, regard economic growth via globalization as the prescription for difficulty or political conflict, suggests Gideon Rachman for the Financial Times. But economic growth, globalization and capitalism do not necessarily curtail inequality, instability, environmental degradation, nationalist rivalries, jihad...

The Shape of Things to Come

Gideon Rose, Jonathan Tepperman January 27, 2014
Investors recognize that a security, business or weather event in one part of the world can quickly influence attitudes and economic activities thousands of miles away. Elite and small investors, even if only through mutual funds, pursue new opportunities around the globe, and closely follow the emerging economies and their relationships with the largest economies, including the United States and...

Leaked Records Reveal Offshore Holdings of China’s Elite

Marina Walker Guevara, Gerard Ryle, Alexa Olesen, Mar Cabra, Michael Hudson, Christoph Giesen January 23, 2014
A report from the International Consortium of Investigative Journalists exposes secret offshore accounts among family members of high-ranking Chinese politicians and business leaders. The report is based on 2.5 million leaked files from two firms that assist with high-wealth trusts and banking. “As the country has moved from an insular communist system to a socialist/capitalist hybrid, China has...

Compete in the World? Yes, Indians Can

Kishore Mahbubani January 14, 2014
Indians rank first for economic performance in terms of the income earned by ethnic groups in the United States. “America welcomes immigrants from all over the globe, offering a level playing field, and encourages them to test themselves against world-class competition,” writes Kishore Mahbubani, author and dean of the Lee Kuan Yew School of Public Policy, NUS. If India could achieve half of the...

Putin’s Gas-Fueled Bailout of Ukraine

David R. Cameron January 2, 2014
Ukraine’s government has decided to link its fortunes to Russia, accepting a bailout worth billions after the European Union and the International Monetary Fund offered mere millions combined with tough conditions. Russia will settle a disputed gas bill, reduce the price of future gas deliveries, end some customs controls and import quotas recently imposed and provide financial assistance in...

The Bad Bargain

Daniel Altman December 27, 2013
Wages are largely stagnant. Data suggest that growing profits earned by corporate investors is coming from shrinking incomes of workers. “Labor's share of national income has been falling slowly since the 1970s in rich countries around the world,” writes Daniel Altman for Foreign Policy. Increasing technology along with global integration and competition has pressured unions and eroded labor...

Who Should Lead the Global Economy?

Harold James, Domenico Lombardi December 24, 2013
The major economies of the United States, the European Union and China all have potential for global leadership. “The bigger an economy, the greater its systemic importance, and the more leverage its political representatives have in international decision-making,” explain Harold James and Domenico Lombardi, with the Centre for International Governance Innovation. The United States, the eurozone...