Arvind Subramanian

Understanding Biden’s big bet on India

The unprecedented lovefest between India and the United States has been striking and, frankly, puzzling.

1y ago

Anti-neoliberalism as if the poor mattered

As neoliberalism swiftly gives way to a resurgence of industrial policy in advanced economies, the perspective of low-income countries is being ignored.

1y ago

The Age of Verbiage

One cannot deny the fact that there are too many overconfident experts making too many predictions about too many issues too quickly these days. A basic economic principle is useful here: the 24-hour news cycle has created a huge need for expert opinion, and the market has simply created the supply to meet the growing demand.

1y ago

Global cooperation is not necessary to fight climate change

A global subsidy war could spur technological innovation, potentially driving down the price of renewables.

1y ago

Three globalisation shocks could hurt China and help India

The global shocks have proven to be particularly damaging for China because they have come on top of an ongoing, secular loss of competitiveness.

2y ago

The Paradoxes of the Bangladesh miracle

Ravaged periodically by natural calamities, long dependent on foreign aid and remittances, and a perennial source of refugees and emigrants, Bangladesh was once “a basket case of misery,” as Zia Haider Rahman put it in his great debut novel, In the Light of What We Know.

3y ago

The absent voices of development economics

The lack of representation of marginalised groups in the corridors of power—political, financial, and cultural—is a growing source of global concern.

3y ago

The Year of the Renminbi?

When the billionaire investor Ray Dalio recently predicted that the Chinese renminbi will become a global reserve currency, the world took notice.

3y ago
July 3, 2023
July 3, 2023

Understanding Biden’s big bet on India

The unprecedented lovefest between India and the United States has been striking and, frankly, puzzling.

June 14, 2023
June 14, 2023

Anti-neoliberalism as if the poor mattered

As neoliberalism swiftly gives way to a resurgence of industrial policy in advanced economies, the perspective of low-income countries is being ignored.

February 4, 2023
February 4, 2023

The Age of Verbiage

One cannot deny the fact that there are too many overconfident experts making too many predictions about too many issues too quickly these days. A basic economic principle is useful here: the 24-hour news cycle has created a huge need for expert opinion, and the market has simply created the supply to meet the growing demand.

November 29, 2022
November 29, 2022

Global cooperation is not necessary to fight climate change

A global subsidy war could spur technological innovation, potentially driving down the price of renewables.

August 20, 2022
August 20, 2022

Three globalisation shocks could hurt China and help India

The global shocks have proven to be particularly damaging for China because they have come on top of an ongoing, secular loss of competitiveness.

June 16, 2021
June 16, 2021

The Paradoxes of the Bangladesh miracle

Ravaged periodically by natural calamities, long dependent on foreign aid and remittances, and a perennial source of refugees and emigrants, Bangladesh was once “a basket case of misery,” as Zia Haider Rahman put it in his great debut novel, In the Light of What We Know.

April 5, 2021
April 5, 2021

The absent voices of development economics

The lack of representation of marginalised groups in the corridors of power—political, financial, and cultural—is a growing source of global concern.

January 24, 2021
January 24, 2021

The Year of the Renminbi?

When the billionaire investor Ray Dalio recently predicted that the Chinese renminbi will become a global reserve currency, the world took notice.

November 28, 2019
November 28, 2019

Sri Lanka Elections: Can the new president turn things around?

As Sri Lanka makes another crucial political transition, it faces a major risk of macroeconomic instability. Minimising that risk will depend, above all, on whether the country’s newly elected president, Gotabaya Rajapaksa, can defy his reputation and embrace inclusive politics.

October 25, 2019
October 25, 2019

The battle of the fading hegemons

Almost a decade ago, China bulls like Martin Jacques and I predicted the rise of the People’s Republic at the expense of a declining United States. Today, with the two superpowers unabashedly jostling for hegemony—their trade war being just one sign of this—it is time for a fresh assessment.