Economics

In numerous essays, Hugh White has argued that the US-led Asia Pacific order, which he rightly views as a source of peace and growing prosperity over the past seventy years, is increasingly outmoded. As daily events in the South China...

With its rapid economic growth and integration into the global economy over the last 3 decades, the People’s Republic of China (PRC) has emerged as a major economic power and an important source of growth for the world economy. Now...

While the overall financial performance of the world’s economy is not as poor as it was in 2008, the World Bank’s rate of lending is almost as high as it was in those darker days. As a result, finance ministers...

Over the past three months and the past month, the dollar has fallen against all the major currencies but the British pound.  Sterling's underperformance can largely be explained by uncertainty created by the Tory government's sponsored referendum on continued EU...

Although there is no convincing technical evidence that dollar's retreat in Q1 is over, we suspect it is nearly complete.  We will be especially sensitive to reversal patterns, divergences with technical indicators, and other signs that the move is exhausted....

Five members of the women’s national soccer team recently filed a complaint alleging the sport’s governing body in the U.S. violated the Equal Pay Act and Title VII of the Civil Rights Act by paying them less than men. Five...

Russia’s apparent and recent violation of the Intermediate-Range Nuclear Force (INF) Treaty suggests it may be time for Russia and the United States to make the Treaty multilateral — and, most importantly, include China. Russia’s apparent and recent violation of...

There’s increasing speculation there will be a July 2 election in Australia this year, called shortly after the May 3 budget. Or will it be later in the year? If so when will it be called? Well, who knows? Perhaps...

The whole world is looking to one presidential election at the moment: the United States of America. The policies of one of the most powerful nations, largely driven by the president, will affect us all. The whole world is looking...

In every crisis, there lies an opportunity. In addition, that applies even to a crisis as large and potentially scandalous as that revealed by the so-called Panama Papers.  Over the coming days and weeks, the financial behaviour of many rich,...

Many features of the US–Soviet cold war are present in contemporary US–China relations: ideological competition, struggles over the control of natural resources, and old-fashioned rivalry for leadership of the global community. Many features of the US–Soviet cold war are present...

Times of crisis are a chance to discover who your true friends are. Ukraine learned this lesson two years ago. While it was largely Euro–Atlantic nations that spoke out against Russia’s actions in Crimea, Ukraine also found a supporter in...

One concerning aspect of China’s rising prominence is its troublesome relations with its neighbours. It has fought both real and legal battles on territorial and ideological grounds on several fronts including in India, Vietnam and on the Korean peninsula in...

German Foreign Minister Frank-Walter Steinmeier visited Kyrgyzstan and praised the government for its commitment to democracy, according to Deutsche Welle. Germany pledged additional money to Kyrgyzstan to combat the Islamic State’s growing influence in the region. Kyrgyz Foreign Minister Erlan...

As of April 1, the UK’s new National Living Wage (NLW) means a compulsory pay rate of £7.20 an hour for over-25s. Some see it as little more than a clever piece of branding by George Osborne, an addition of...