Even in Asia, where gains in wealth have been unparalleled, policymakers are finding it harder and harder to improve the welfare of the common man.
Asia
Why the U.S. Fracking Industry Worries About the Weather in India
It’s all about a bean that is essential to making the technology flow, literally. In the meantime, Indian farmers have hit pay dirt.
Why Vladimir Putin Needs Higher Oil Prices
As oil prices sink, so do the prospects for the Russian economy.
Is India’s Growth Story Over?
Is India heading towards the end of its much-touted growth story? A report by global credit rating agency Standard and Poor’s (S&P) released on June 11 seems to suggest so. Titled “Will India be the first BRIC fallen …
A 12-Step Program for India’s Economic Recovery?
Indian industry leaders gathered on June 4 in New Delhi to unveil their solution to India’s unfolding fiscal crisis: a 12-step program to economic recovery. The dozen measures recommended by the Federation of Indian Chambers of …
China’s Antiquated Financial System: The Creaking Grows Louder
In April, Chinese Premier Wen Jiabao took aim at China’s powerful state-owned banks. According to Reuters, he said at a discussion with local businesses: “Frankly, our banks make profits far too easily. Why? Because a small …
Does China Have an Executive-Compensation Problem?
Since China opened up to the world with its sweeping economic reforms in the late 1970s, and especially in the past decade as private-sector enterprises have mushroomed, the model of executive compensation in the country has …
What Chen Guangcheng Means for the Global Economy
Chinese human-rights activist Chen Guangcheng is a brave man who has taken on China’s brutal authoritarian government and suffered personally for it, but beyond winning the hearts of sympathetic admirers around the world, his …
A Tylenol Headache for the Chinese Communist Party
The fall of Communist Party leader Bo Xilai began as an exercise in crisis management for the Chinese Communist Party and it continues as such.
Bo — who is descended from Chinese Maoist royalty — had been flamboyantly …
Christine Lagarde: Emerging Market Nations Will Get More Power in the IMF
Christine Lagarde, managing director of the International Monetary Fund (IMF), sees no alternative to the strict austerity policies being imposed on many peripheral European countries, says the double dip recessions in Italy and …
A New Chinese Export — Jobs
Bucking the decades-old wave of offshoring of manufacturing jobs to China, other parts of Asia and Mexico, GE said it would move jobs back from these countries to the United States, where it will build water heaters.
China’s Gravity-defying Economy: How Hard Will It Fall?
As China’s high-octane economy shifts into lower gear, virtually everyone agrees that the double-digit, super-charged boom years are drawing to a close. Speculation over the possibility of a so-called “hard landing” for the …