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
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
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
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
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
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
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
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
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
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
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.
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