Markets

Zimbabwe consumes more energy than it can produce; and in order to meet this energy shortfall, the country has been importing energy from its neighbours. But what happens when Zimbabweans can no longer pay for their energy, and how did...

China’s woes do not stem directly from the fact that its local governments are struggling to repay its bank loans. After all, it has been correctly argued that the Chinese government can afford to, and will most likely allow the...

The everyday inequality that most Americans face has deep pernicious effects, which go beyond the typical arguments discussed during the “1% versus 99%” debate. But while these effects are fairly unknown, they still play a role in our daily lives...

One year ago, Japan was ravaged by an earthquake and tsunami disaster that not only destroyed homes and infrastructure, but also led a nuclear catastrophe at the Fukushima Daiichi power plant. Yet today, the country can take heart that so...

  There have been wildly different opinions about China's economic prospects in recent years. While plenty of investors remain very bullish about China, others express doubt about China’s economic future – with some even betting on a major financial catastrophe...

The eurozone crisis has exposed the deep disparities in competitiveness among European economies. Southern European countries, in particular, are lagging far behind other European nations such as Germany and France. But while Europe needs to address the two macroeconomic imbalances...

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...