The murder of Saudi journalist Jamal Khashoggi in Turkey has put pressure on the US government to reassess its relationship with Saudi Crown Prince and de facto ruler Mohammad bin Salman. However, Donald Trump may be willing to look the other way as the crown prince continues to shield himself from...
Read the article from the Economist
India opened to the world in 1991 with its New Economic Policy that embraced economic liberalization and privatization. The policies lifted India’s GDP, but also widened the gap between rich and poor, explains Dilip Hiro, author of 36 books including “The Age of Aspiration: Power, Wealth, and...
From the edge of disaster: Prime Minister Narasimha Rao, left, and Finance Minister Manmohan Singh revived India's economy with market reforms in 1991, top; later, software exports by companies like Infosys and its Bangaluru campus shown here...
Barack Obama is taking steps to improve relations with neighbors as the first sitting US president to travel to Cuba since Calvin Coolidge in 1928. “Obama’s visit to Cuba and Argentina this week underlines the United States government’s effort to make new friends and rebuild old relationships in...
Read the article from the Buenos Aires Herald.
Only a few goods and services are priced in what are known as Special Drawing Rights, or the mix of currencies used by the International Monetary Fund as a unit. Transit through the Suez Canal are one such service. The Chinese renminbi joins other currencies like the US dollar, the euro and...
Read the article in The Economist.
It’s a challenge for national governments to monitor activities of fishing vessels operating in open stretches of the ocean commons. “A massive refrigerated cargo ship believed to be loaded with slave-caught fish was seized by Indonesia's navy and brought to shore Thursday, after The...
Read the article.
Unsustainable economic imbalances combined with financial engineering to reduce interest rates and currency values, could threaten the global economy, suggests economist Stephen S. Roach, a senior fellow at Yale University’s Jackson Institute of Global Affairs. The essay focuses on Japan’s struggle...
Click here for the article in Project Syndicate.
Stephen S. Roach, former chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's...
In September 1980, the Central Committee of the Chinese Communist Party issued a letter outlining the goal of keeping the nation’s population below 1.2 billion by the end of the century and “made an appeal” to promote a policy of each couple having one child. The policy reduced poverty and infant...
Click here for the article in the Financial Times.
A common refrain among those who resist taking action on climate change is that costs and lost jobs from reducing reliance on coal and oil are too high. Studies from the University of Massachusetts Political Economy Research Institute, the Center for American Progress and the Global Commission on...
Click here for the article in Fortune.