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
August 1, 2019
End of ideological convergence threatens economic convergence
For an all-too-brief period between the late 1980s and the late 2000s, the world was characterised by convergence, both ideological and economic. The West and the Rest agreed that an open liberal order was the best way to increase prosperity. Now, however, this ideological order threatens to unravel, with adverse consequences for the world economy.
X