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...
EU Steps Up Battle Against Money Laundering
The global financial crisis has brought a huge windfall for organised crime networks. Banks have profited handsomely from terrorists and drug lords, channelling billions of dollars through the U.S. financial system, while the European debt crisis has cemented the grip...
Can Fear Necessarily Justify The Violation Of Rights?: George Friedman
U.S. missions across the Middle East and Africa will remain closed until the end of the week for fear that terrorist cell al Qaeda will launch an attack to mark the end of Ramadan. Calling it one of the most...
Sloppy Policymaking Behind Asia’s Worst Performing Currency
Despite widespread investor concern, the Indian rupee, already Asia’s most volatile and worst-performing currency, continues to be weighed down by rising pessimism in Asia’s third largest economy, which is growing at a decade-low rate of 5 percent amid worsening public...
Are Sino-US Ties Still The World’s Most Influential Relationship?
Once the most influential and dynamic bilateral relationship in the global economic sphere, thorny issues of unbalanced trade, cybersecurity and intellectual property rights are now testing the political wisdom and strategic judgment of the two countries’ leaders, threatening to shake...
What The BRICS Development Bank Means For Africa
The statutes of a new development bank proposed by leaders of BRICS could be ready as soon as next year, as leaders of emerging economies plan to create a funding institution that can rival Western institutions such as the World...
Fighting Climate Change – Is The EU Cap-And-Trade Model On Verge Of Failure?
Eager to contain the spike in CO2 emissions, the European Union in 2005 launched an emissions trading scheme which has since been copied by a number of countries, including Australia, South Korea and some Chinese provinces. However, the global...
Investment Picks: 6 Major Oil & Gas Finds of 2013
The pace of oil and gas exploration is frightening, and discoveries are weekly, if not daily, with volumes investors would only have dreamt of a decade ago. Most of the discoveries in 2012 were concentrated in East and West Africa,...
Shanghai Vs Hong Kong: Rivals or Economic Partners?
In the coming years, China’s leadership will need to increase its reliance on financial services for consumption-led growth. However, plans to develop Shanghai as a free-trade zone should not be seen as a threat to Hong Kong’s prosperity and future,...
Will Migration Cure Japan’s Demographic Dilemma?
At the core of the Japan problem is the need to lift potential, efficiency and productivity in an economy that has a shrinking population and workforce. Migration is seen as central to overall reform efforts because it offers a way...
Has The Chinese Growth Miracle Hit A Wall?: George Friedman
The mainstream debate on China has shifted from forecasts of how quickly China will overtake the United States to considerations of what the consequences of a Chinese crash would be. Following weeks of financial drama and weak economic data, the...