Markets

With Europe on the brink of recession and recovery in the US finally getting some traction, the case for fiscal consolidation appears increasingly weak. But the case becomes stronger when one considers Asian countries' path from crisis in the late...

After being in denial for years, India’s Department of Atomic Energy finally admitted last month that the deaths of some employees and their dependents at the Kalpakkam nuclear site were caused by multiple myeloma, a rare form of bone marrow...

While recent developments seem to suggest some positive news for the global economy, there are at least four downside risks that could materialize this year – undermining global growth and eventually negatively affecting investor confidence and market valuations of risky...

It is easy to blame politicians for our current economic woes, but do the public have to bear some of the blame as well? As Axel Weber would say, policymakers simply do not have the public mandate to get ahead...

Greece may have reached a last-minute bailout deal with its debtors, but the country has been saddled with harsh austerity measures and debt conditions, which leaves serious doubt on their ability to recover and avoid default in the longer term....

The world needs a new paradigm for sustainable development. With economies teetering, ecosystems under siege, and inequality soaring, the world needs to act now to ensure our sustainable development. But how do we begin to tackle the massive challenge of...

In the last few years, the debate on socioeconomic inequality has received greater media attention and academic interest, especially after last year’s Occupy Movement. However, governments across the world have been slow to enact real changes to address the rising...

The ECB's recent decision to lend unlimited funds to eurozone commercial banks at very low rates acknowledges the need to address a core drawback in the euro-architecture: the ECB itself. However the banks use the money, it is now clear...

The modern “capitalist system” cannot be considered as true capitalism. Rather, this corrupted version is more akin to corporatism, which chokes off the dynamism that makes for engaging work, faster economic growth, and greater opportunity and inclusiveness. The time though...

There are several explanations for the ECB’s insistence on a "voluntary" restructuring of Greece's sovereign debt, none of which speaks well for the institution. Indeed, as we have seen elsewhere, institutions that are not democratically accountable tend to be captured...

  Sustainable development means inclusive economic growth that protects the earth’s vital resources. Yet achieving it will be a matter not only of technology, market incentives, and appropriate regulations; we must embrace sustainable development as a common commitment to decency...

The pace of China’s Internet revolution has been breathtaking. Since 2006, the number of Internet users in China has more than tripled to 485 million, while the cost of connectivity is also expected to fall sharply as China’s Internet penetration...

Germany is caught in a dilemma. On the one hand, while the Germans cannot afford austerity in troubled states due to the resulting decline in demand for German goods, cannot simply tolerate Greek-style indifference to fiscal prudence as well. In...

The current economic crisis demands solutions. But while most government officials, central bankers, and Wall Street economists have subscribed to the standard Keynesian formula for recovery, the potential results from this step simply paper over much of the real problems...

The world faces a nasty credit problem. Far too often, companies and households with access to credit tend not to need it; while those who do, are not able to receive it. If this situation is left unattended, it might...