Markets

At last month's UN General Assembly, Bhutan's Prime Minister denounced what he called a “monster of a consumerist market economy” that “enslaves humanity and thrives on the insatiable nature of our greed,” urging instead for an alternative form of economic...

Despite the need for strong and sustained fiscal stimulus in many countries, today's political leaders seem to be held hostage by financial interests and associated media, ideologists, and oligarchs. As a result, the main threat that now confronts us is...

  If Moody’s, Fitch and Standard & Poor’s had a decent public relations consultant he/she would advise a calm period of low profile, or, in other words, the exact opposite strategy to the headline-chasing frenzy that appears to have gripped...

Any economic model that doesn’t properly address inequality will eventually face a crisis of legitimacy, as today's global protests are now demonstrating. Unless the relative economic roles of the market and the state are rebalanced, the protests of 2011 will...

The Libyan Investment Authority, the sovereign wealth fund in which Muammar el-Qaddafi’s regime allegedly stashed and misused Libya’s oil wealth, has cast a dark shadow on SWFs all across the world. While no one should infer from the Libyan case...

17 October 2011.The eurozone crisis is now a global crisis. If the crisis cannot be resolved quickly, the entire world will suffer. Despite the global implications, the eurozone continues to try and rely on itself to solve its woes. This...

Hosni Mubarak’s three-decade long reign in Egypt has had frightening consequences on its economy. Especially in the wake of the European debt crisis, the extent and impact of Egypt’s public debt has become impossible to ignore. Here, Ammous makes a...

    China is under pressure to bailout European countries facing debt crises. It is in the interest of China to save the eurozone, but China so far seems reluctant to extend a helping hand. As governor of the Chinese...

 The sectarian rioting that broke out in Cairo October 9 is a painful reminder of the obstacles in the way ahead of elections that are scheduled to begin in November. Reva Bhalla provides an eyewitness account of the violence that...

To cure the economy, we need to understand exactly what ails it. An accurate diagnosis is just as important as a proper prescription. As Stiglitz argues, the economic problem we have is more severe than most people realize and the...

 7 October 2011. The economic crisis in the eurozone is, without doubt, mammoth. On a more optimistic note, central bankers and governing authorities seem to have reached a consensus on how to tackle the economic problems: by giving banks and...

  6 October 2011. In the course of the past few days, three leading figures attempted to redirect the attention of the markets by giving positive speeches about economic plans for their country/region. Yet all three failed miserably as the...

 5 October 2011. Too much has been said about the state of the Chinese economy. While it has largely powered through the thick of the global financial crisis – China’s economic strength in fact buoyed much of the world’s economy...

4 October 2011. Europe’s increasingly vocal and powerful Far Right parties have swapped a racist agenda for an Islamophobic one, moving them closer to the mainstream, where anti-Muslim views are commonplace among conservative commentators and politicians.Islamophobia is “more widespread in Western...

Economic globalization has, of course, produced some large benefits for the world, though it has also created major problems that need to be addressed. These problems demand a similar global response, which must first be built from individual governments. For...