NEW DELHI – On January 6, when a mob of US President Donald Trump’s supporters breached the Capitol with shocking ease, the world’s already-low expectations of the United States plummeted. And yet, when it comes to the global economy, there are immediate steps President-elect Joe Biden can take to boost the world’s – and especially developing economies’ – prospects
22 января 2021
5 мин.
6376
NEW DELHI – India’s capital is under siege from more than two million farmers, who are currently gathered at the city’s border in a massive protest that started two weeks ago. Old and young men, women, and even children from farming families are camping on open roads in the bitter cold of a Delhi winter. They have abandoned their concerns about viral infection and come prepared for the long haul, bringing enough food to last for several months
15 декабря 2020
5 мин.
6518
NEW DELHI – The American pharmaceutical company Pfizer and Germany’s BioNTech have announced that the COVID-19 vaccine they are jointly developing was more than 90% effective in early clinical trials. The news raised hopes around the world that life may soon return to pre-pandemic normal
18 ноября 2020
5 мин.
7930
NEW DELHI – The Norwegian Nobel Committee has awarded this year’s Nobel Peace Prize to the United Nations World Food Programme, declaring that it wanted “to turn the eyes of the world toward the millions of people who suffer from or face the threat of hunger.” Those numbers are now greater than ever – and the dysfunctional global food system is largely to blame
26 октября 2020
5 мин.
5459
NEW DELHI – The World Bank’s Doing Business index has been both conceptually and operationally suspect since its inception in 2003, but mainstream economists have only recently started to criticize it. Although the Bank’s own recent acknowledgement of some of the problems is welcome, the index has already caused huge damage to developing countries, and it should be scrapped
14 сентября 2020
5 мин.
5410
NEW DELHI – The United States, Brazil, and India have surged ahead of the rest of the world in terms of the number of confirmed COVID-19 cases, with no peak in sight. They (and fourth-place Russia) have one thing in common: macho leaders with authoritarian personalities
12 августа 2020
5 мин.
6583
NEW DELHI – Those who thought that a pandemic would make everyone realize the crucial role of care workers should think again. With the coronavirus still spreading rapidly, frontline workers are more essential – and at greater risk – than ever, yet public attention has shifted elsewhere
15 июля 2020
5 мин.
8150
NEW DELHI – Students in introductory macroeconomics courses typically used to learn about the paradox of thrift. This theory, popularized by John Maynard Keynes, states that if households decide to save more and consume less during a slowdown or recession (because of uncertainty about future income), then the resulting reduction in aggregate demand will aggravate the economic decline
16 июня 2020
5 мин.
4180
It has taken far too long, but it seems that the International Monetary Fund has finally internalized some hard truths about sovereign-debt reduction
23 апреля 2023
4 мин.
86841
Among the multiple crises that have erupted around the world, the avoidable tragedy of growing hunger receives only fleeting mention
23 октября 2023
5 мин.
79168
Globally, the richest 10% of the population is responsible for more than half of all CO2 emissions
19 декабря 2021
5 мин.
76680
While inflation in the advanced economies has subsided, this is largely because the forces that fueled the latest bout of inflation – spikes in global food and fuel prices, as well as supply-chain disruptions – have subsided
10 декабря 2023
12 мин.
74051
Despite the well-known problems with using gross domestic product as an indicator of human development, policymakers around the world still seem to be obsessed with it
09 июля 2022
5 мин.
69166
Many people around the world already consider the United Nations Climate Change Conference (COP26) in Glasgow a disappointment
18 ноября 2021
5 мин.
66964
The World Economic Forum’s annual meeting in Davos, Switzerland, has always been more than a little problematic
22 января 2023
4 мин.
56874
Any optimism about India’s economic prospects must be tempered by its inability to address two related challenges
15 января 2024
5 мин.
54966
Carbon pricing is all the rage these days, at least in the developed world
23 марта 2023
6 мин.
46543
The recent Paris Summit for a New Global Financing Pact was touted by its organizers, including French President Emmanuel Macron, as a groundbreaking initiative to forge a «new contract» between the Global North and South that would address climate change and foster sustainable development
15 июля 2023
6 мин.
46353
Kim Stanley Robinson’s prescient science-fiction novel The Ministry for the Future begins with a stark description of a major heat wave in a northern Indian city that kills millions of people
21 мая 2022
5 мин.
37400
It is difficult to see any winners in the ongoing war caused by Russia’s irrational and devastating invasion of Ukraine
12 марта 2022
5 мин.
41720
The United Nations Climate Change Conference (COP28) in Dubai is an opportunity to reflect on what these large, costly, and carbon-intensive international summits aim to achieve
14 декабря 2023
5 мин.
43577
Confounding the grim prediction made by the British economist Thomas Malthus in 1798, the world currently produces more than enough food for a population that has increased almost tenfold since then
18 марта 2019
5 мин.
11208
After four decades of fostering integration through trade and finance, the global economy has begun a painful process of fragmentation
25 декабря 2022
5 мин.
32796
NEW DELHI – For some time now, multinational companies (MNCs) have been gaming the rules of the global economy to minimize their tax liability – or even eliminate it altogether. And for some time now, the Independent Commission for the Reform of International Corporate Taxation (ICRICT) has argued for the unitary taxation of MNCs. Fortunately, there have been some encouraging recent signs that the idea of a unitary tax is gaining traction
17 апреля 2019
5 мин.
12366
The World Economic Forum’s annual meeting in Davos, Switzerland, has always been more than a little problematic
22 января 2023
4 мин.
56874
The recent Paris Summit for a New Global Financing Pact was touted by its organizers, including French President Emmanuel Macron, as a groundbreaking initiative to forge a «new contract» between the Global North and South that would address climate change and foster sustainable development
15 июля 2023
6 мин.
46353
Over the past two decades, Indian multi-billionaire Gautam Adani’s close ties to Prime Minister Narendra Modi have helped the Gujarati businessman become Asia’s wealthiest person
26 февраля 2023
6 мин.
38666
Last year was a watershed for gender relations. The #MeToo movement rocked establishments around the world, forcing even powerful men to face public scrutiny for their behavior toward women
14 января 2019
5 мин.
10812
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