In the heated public discourse in the US on outsourcing the aspect that is most often highlighted is the threat of American job loss to low-wage workers in India. In this essay a former Clinton administration economist Martin Baily and Diana Farrell , director of the McKinsey Global Institute make...
Click here for the original article on The McKinsey Quarterly's website.
The decoupling theory suggests that China, in a league of its own, will expand voraciously on its own terms despite the beleaguered world economy. Although the Beijing Olympics demonstrated a superiority that supports this theory, China remains immutably linked with the world. Though China may want...
The scores are in, and China has proved ‘decoupling theory’ right. As far as hosting the Olympics is concerned, China is in a league of its own. China has produced a ravishing spectacle by going its own authoritarian...
Drought is devastating some of Africa’s poorest countries, threatening water supplies, power generation and agriculture. Malawi, Mozambique, Zimbabwe, Lesotho and Swaziland have declared states of emergency. But some nations, like Ethiopia, are in denial about the impact of the abnormal sea and...
Read the article from Spiegel Online International.
President Obama is pushing nuclear power as a new source of energy and as a way to create jobs for Americans, offering loan guarantees to make it happen. Now, however, labor unions are protesting the move because they say that much of the material for new reactors will come from overseas, reducing...
Click here for the article in The New York Times.
The recent terrorist attacks in Uzbekistan highlight the country's overall decay and discontent. Ruled since the Soviet Union broke up in 1991 by President Islam Karimov, Uzbekistan appears mired in economic depression, and political terror: 80% of the people live in poverty and most talk as...
Click here for the original article on The New York Times website.
Countries are waging currency wars in competition over export markets, jobs and foreign investment – printing money, taking on more debt, rather than pursuing serious and needed domestic structural reforms. “Without deeper structural reforms that encourage consumption, innovation and a secure...
Cut to grow: To develop their economies, nations like India must trim bureaucracy (top) and follow the example of ones like Indonesia in cutting fuel subsidies
JAKARTA: The past few years have seen nations use their central banks monetary policies...
Societies admire their greatest innovators who emerge after a series of failures. The Chinese revere Jack Ma, the founder of the e-commerce site Alibaba, for both his charisma and billionaire status. Despite early failures – including many school exams, an application as Kentucky Fried Chicken...
Two days after Afghanistan's parliamentary elections in September, President Hamid Karzai boasted that his country "now has a constitution, a president, a parliament, and a nation fully participating in its destiny." But as journalist Ahmed Rashid writes, that is not exactly the...
Upward Battle: President Hamid Karzai faces challenges both from the Afghan people and government elites
LAHORE: On October 3, a crowd of a least 5000 Afghanis gathered in Kabul to protest the murder of a...
