Markets

The future of the global economy remains shrouded in mystery. Whether the crises in the United States and the eurozone will improve remains to be seen. While the latest economic data from China largely points to a soft landing, until...

October 2011 saw significant changes in the global economy. October 2011 saw significant changes in the global economy. In the U.S., the Occupy Wall Street movement was reaching its peak and was gradually inspiring similar movements across the world; while...

Ben Bernanke is a marked man. Ever since he was appointed as the Chairman of the U.S. Federal Reserve in 2006, Bernanke has been a constant target for criticism – with some progressive economists now blaming him for not doing...

Europe’s single-minded focus on austerity is a result of a misdiagnosis of its problems; and the fact that so many economies are vulnerable to natural disasters only makes the man-made disaster of austerity all the more tragic. Accordingly, the pain...

François Hollande’s victory in the French presidential election is a fresh chance for Europe. It should spell the end of a policy oriented exclusively towards austerity, which has paralyzed our economies and divided the EU, and should not scare anyone...

The Basel Accords were introduced to protect consumers from bad banking practices; yet somehow they managed to exacerbate the 2008 financial crisis even further – causing a sharp drop in drop in GDP and employment, while the sharp sell-off in...

The United States fixation with the Renminbi has distracted the government from far more important economic issues in its relationship with China. Rather than vilifying China as the principal economic threat to America, this relationship should be recast as an...

Local communities in the U.K. may still be against hydraulic fracturing, or “fracking”, but the government has once again proven that its interests are more closely aligned with investment bankers in the City of London than those forced to live...

The global economy is shifting from a unipolar world, led mainly by the US, to a truly multipolar world, in which the US, the EU, the BRICS, and some smaller powers carry substantial weight. But while this shift means that...

  Scientists have discovered a vast reservoir of groundwater located within Africa, which is said to contain a hundred times the amount of water found on the continent’s surface. But while the news has already sparked excitement across the once...

The honeymoon for the ECB's new president Mario Draghi has turned out to be brief. The trouble is that the eurozone has an austerity strategy, but no growth strategy – and, without that, all it really has is a recession...

Libertarian paternalism, or “soft paternalism”, is a political philosophy which states that government can nudge citizens into making decisions that are good for themselves, while offering complete freedom to individuals to make up their own minds. The problem is that...

What nerve the eurozone has. On one hand, it prides itself as a highly successful and integrated sovereign currency bloc that lives within its means. Yet, at the same time, eurozone members vehemently insist that the IMF is obliged to...

China’s economy is grossly imbalanced, and for years many academics have been talking about an imminent rebalancing. For now, it is clear is that China’s rebalancing act will not be automatic. Rich as China may be, weaknesses in China’s economic...

The rise of emerging markets to prosperity and global influence will be short-lived unless the challenges to longer-term economic growth are addressed. But, a massive increase in the number of competent and motivated leaders and professionals will be needed in...