US-Europe Relations: Growing Apart?
The U.S.-Europe “friendship” helped shape the 20th century; but as Europe becomes increasingly fragmented – while showing greater divergence to American foreign policy, as demonstrated with the Syrian issue – does a strong transatlantic relationship still bear any significance in...
The US Shale “Boom”: A Fantasy Concocted By Politicians & Industry Bigwigs?
The numbers don't lie—but politicians and industry bigwigs do. While pundits still wax poetic about an era of American energy independence, Bill Powers, author of the book "Cold, Hungry and in the Dark: Exploding the Natural Gas Supply Myth," sees...
Are Global Agricultural Trade Policies Only Protecting The Developed World?
The agriculture sector is a large part of the developing world and supports the livelihoods of a significant portion of its population. But since the last WTO Doha Round, the developing world have been concerned that ambitious tariff reduction proposals...
Lessons From Japan: Why Economies Take Longer To Recover From Banking Crises
Since the 2008 financial crisis, economic recovery in the U.S. and Europe has been slow – sparking fears of long-term stagnation. Significantly, the experience of Japan in the 1990s have shown how even developed economies, which most would assume have...
How The UK Government ‘Secretly’ Influenced Its Citizens’ Behaviours
Can governments influence the decisions and actions of their citizens without the public’s conscious knowledge? Since 2010, the U.K. government has had a taskforce, nicknamed the “Nudge Unit”, which utilises behavioural economics to come up with policies that can...
The Real Bo Xilai Story: How One Man Came To Symbolise China’s Ongoing Struggles
In the United States, Bo Xilai’s “trial of the century” was reported as a spicy cocktail of sex, power and violence. The real story however is about the pitfalls of rapid economic development, generational change in politics, and the progress...
The BRICs Party Is Over
Emerging markets are under pressure. This column argues that this is not a mere headwind but that the BRICs’ party is over. Their ability to get going again rests on their ability to carry through reforms in grim times for...
Why Is Canada’s Military Returning To Asia?
Canada’s new military engagement with Asia represents a shift in its defence policy, after a decade or so of near-absenteeism. But is Canada simply following the whims of American initiatives – the so-called “Pacific Pivot” – or are they serious...
How China Can Rebalance Its Economy Within A Decade: Michael Pettis
China’s great rebalancing act has begun. But how successful and orderly the rebalancing process will be will depend on how realistic the government are in their growth projections. What is clear is that China can no longer accommodate 7-8 percent...
Is China A Convenient Scapegoat For America’s Economic Woes?
In U.S. history, difficult times have translated to periods of xenophobia, isolationism and protectionism, from the anti-Chinese legislation in the late 19th and early 20th centuries, to the anti-Japanese sentiments in the late 1980s. Today, America’s lingering economic weakness has...
US Labour Crisis: Where Have All The Good Jobs Gone?
While the United States had added more jobs in recent months than economists had been expecting, several studies suggest that the U.S. labour market has lost at least 3 million well-paid “good jobs” forever. The bulk of new jobs...
The Economics Of Global Arms Trade
Weapons are durable products that can outlast even the countries that manufactured them. Weapons also retain their value and are easily converted to cash, which explains why they so readily flow to conflict zones where there is an increased demand...
Can Indonesia Raise Incomes And Eradicate Poverty By 2030?
Several studies suggest that Indonesia is on track to end poverty and attain high-income country status in a decade or so, while others suggest that the economy could grow to be among the world’s top ten largest by 2030 if...
On China, Are Foreigners Always Ignorant And Therefore Wrong?: Michael Pettis
There have been many cases in which foreigners were able, perhaps because they tend to be more objective, to identify risks earlier than locals. Despite the claims of the traditional China bulls, there is a great deal of worry among...
Pigs in the Pipeline: Why We Need Them, Where They Fail
New technologies could transform the pipeline sector as operators are now in a position to make huge improvements to safety, moving from "pigging" to other more reliable methods of spotting leaks. But is it sufficient to make regulators and environmental...