Can The Growth of Emerging Markets Outpace Developed Markets?
While there remains much optimism in the potential of emerging markets, the truth is their economies are still largely dependent on the performance and health of developed markets. By most accounts, emerging markets are export-driven, and highly sensitive to...
Beware The Bounce – Why The US Economy Is Still In Trouble: Nouriel Roubini
Recent favourable macroeconomic data has suggested that the US economy could be back on track. But the recent uplift in the economy only hides more fundamental problems, and the US still remains in the early stages of a deleveraging cycle....
Think 2011 Was Bad? 2012 Will Be Even Worse: Joseph Stiglitz
The pragmatic commitment to growth that one sees in Asia and other emerging markets today stands in contrast to the West’s misguided policies, which, driven by ideology and vested interests, almost seem to reflect a commitment not to grow. As...
Food Waste Fiasco: Breaking The Gordian Knot Of The World’s Food Supply
1.3 billion tonnes of food is wasted globally every year. While carelessness is the main source of blame for food waste in the developed world, the annual food waste in developing countries often comes down to poor infrastructure development and...
The Future of Renewable Energy in Africa: Promising or Precarious?
In 2011, the total investments in renewable energy in Africa rose from $750 million in 2004 to $3.6 billion. By 2020, this sum is expected to grow to $57 billion – a staggering 1,583 percent increase in nine short years....
Will New U.S. Sanctions On Iran Cost The President His Job?
Tensions are high between the West and Iran. Over the weekend, United States President Barack Obama imposed new financial sanctions that would directly affect Iran’s oil export market. Very swiftly, the European Union announced that it will ban the import...
China vs. India – Is Either Economy At Risk? : Stephen Roach
Both China and India depend heavily on the broader economic global climate. The fear is that if China and India fall, Asia would be at risk, and it would be hard to avoid a global recession. Yet fears of hard...
Will India’s National Solar Mission Shine?
The Jawaharlal Nehru National Solar Mission is a major government initiative in India that aims to promote ecologically sustainable growth for the country, while addressing India’s energy security challenges. But, disputes between the private and public sectors threatens to cast...
Europe’s Policy Problem: Balancing Austerity With Economic Growth
Since the eurozone debt crisis crisis erupted in Greece almost two years ago, EU leaders have failed to propose a solution that balances austerity and economic growth, without which confidence in the euro cannot be restored. Perhaps European policymakers should...
Fix The Enterprises, Fix The Economy: Henry Mintzberg
An economy is simply an accumulation of transactions involving goods and services, mostly carried out by business enterprises. Their behaviour is what matters, and this can be adequately perceived only on the ground, where the behaviour occurs – where an...
A New Economic Disorder – When Old Western Powers & Emerging Markets Clash: Mohamed El-Erian
The world has turned upside down. All of a sudden, “rich” countries were the ones running large deficits, while “poor” countries ran surpluses – accumulating large stocks of external assets, including financial claims on Western economies. At first glance, this...
Disruptive Innovation: Fuelling The Growth Of Emerging Markets : Javier Santiso
The decade for emerging markets has come. It is not an understatement that there has been a major shift in global powers following the financial storm that started almost 5 years ago. Despite the storm, emerging markets have already captured...
China’s 2012 Outlook: The Bad News about the Reserve Cut
We’ve heard both sides of the debate of how China’s economy will land. Some have predicted a soft landing, others the contrary. At the same time, many others have said 2012 will be the year of the Europocalypse and...
A Fragile And Unbalanced Global Economy In 2012: Nouriel Roubini
2012 will be a bumpy year for the global economy: recession in Europe, anemic growth at best in the United States, and a sharp slowdown in China and in most emerging-market economies. To paraphrase Bette Davis in All About Eve,...
Europe’s Summit To The Death: Kevin O’Rourke
The recently concluded European Union Summit only proved one thing: that Europe’s leaders were still in denial about the true causes of the eurozone’s problems, and thus were unable to resolve them. The proposed fiscal stability union may indeed prevent...