Markets

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...

China’s success story is one that would certainly go down the chapters of economic history. While the West firefights its debt crisis, many fail to realize that China too has her own fair share of debt. The overinvestment theory has...

The Year of the Dragon could be a challenging time for Asian countries as uncertainties – from within and without the region – are growing rapidly. As such, a calm, sensible, and prudent approach is needed to ensure Asia’s steady...

Natural disasters are inevitable, but at every level we have the power to ensure that they do not become unnatural tragedies. According to a recent report released by the World Bank and the United Nations, an ounce of prevention in...

  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...

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....

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...

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...

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....

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...