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They say a week is a long time in politics, but what a tumultuous month or so it has been for Britain and the world. It was political upheaval and changes prompted by some very irresponsible economics. If one includes the leadership changes that went before this most recent one, Britain begins to resemble Italy.… Continue reading Britain’s Time of Reckoning
With so many summits and conferences going on this month in the Global South, and many of them in Asia, I thought it might be a good time to reflect on India’s place in Asia. Also, how Asia and the rest of the world think of India and our position in Asia. We like to… Continue reading India @ the Heart of Asia
More importantly, can it afford to? At the start of the 2007/08 Financial Crisis, many international commentators talked of the possibility of deglobalization, perhaps out of fears that the global financial system had grown too large, too fast, and that tougher regulation might force them to shrink their operations. Whether the regulatory system forced them… Continue reading Is the World Deglobalising?
Reading about China’s 20th Communist Party Congress that took place last month in Beijing, it’s good to think about what its message is to the Communist Party, to the people of China and to the world. As the world’s second-largest economy and one of the most populous, if not the most populous, countries in the… Continue reading Cold War with China Not What the World Needs
There isn’t a single news programme or article on the global economy these days that doesn’t mention recession. This has been so for the past many months, but as central banks – especially the US Federal Reserve – keep raising interest rates to combat inflation, the prospect of a recession draws ever nearer. In their… Continue reading The Indian Economy: Bright Spot or Dangers Lurking?
Even in ordinary times, it is too much to expect consistency in economic policies from many governments. And these are anything but ordinary times. Yet, it is in turbulent times that we need consistent and relevant economic policies. Emerging from two years of a devastating pandemic, the global economy has had to deal with wild… Continue reading Winds of Change Affecting Economies
It’s a year since the worst of the Covid-19 outbreaks, and with most people fully vaccinated in many countries, economies are getting back to work. The biggest concern, though, around the world is soaring inflation which is well-entrenched now and broadbased, so interest rate hikes to tame it are in full swing. The tightening of… Continue reading Recession, Recession, Why Such Confusion
After reading news of India’s first quarter GDP for FY 23, which showed little sign of a base effect despite the fact that in FY 22, we had grown 20.1% in the same quarter, we are likely to think that base effects don’t matter anymore. It would be unwise to think so, however, because this… Continue reading Pay Attention to the Cyclical Economy