IFAFF Is What It All Amounts To

President Joe Biden’s Indo-Pacific Economic Framework (IPEF) plan for reviving ties with the Asia-Pacific region is a PR ploy to paper over large cracks in the region in the recent past. Right from the pivot to Asia announced by President Obama’s administration in 2009, which led to the creation of the Trans-Pacific Trade Partnership (TPP)… Continue reading IFAFF Is What It All Amounts To

Growth Pangs Sans China

Since the 1990s, the world economy has been so used to growing along with China, that it’s almost impossible to imagine a world without the Chinese growth engine. That’s because the Chinese economy liberalized in the 1980s and began to trade and do business freely with the rest of the world. They became a member… Continue reading Growth Pangs Sans China

Between Speeches and a Stalemate

In its second month now, the Russia-Ukraine war shows no signs of abating. In fact, it looks like it could drag on for months, if not years. It is already taking a huge toll on Ukrainian’s lives, their country, Europe and the global economy. I am not sure if the Western countries’ economic sanctions on… Continue reading Between Speeches and a Stalemate

Wartime Priorities for Governments the World Over

Perhaps, not since WWII and then the 1970s, has the world had to deal with the economic effects of a war such as the current one on in Ukraine against Russia. The 8-year war between Iran and Iraq in the 1980s, and later wars in the Islamic world too had their biggest impact on oil… Continue reading Wartime Priorities for Governments the World Over

World Caught Between Soaring Inflation and Debt

Emerging out of the Covid-19 pandemic, global economic recovery is proving to be a tricky business, requiring a delicate balancing act by governments and central banks. This is because most of the world has racked up huge amounts of debt, while trying to stimulate their economies, in addition to the debt they already had. Western… Continue reading World Caught Between Soaring Inflation and Debt

State vs the Market in a Pandemic Economy

Big government is what The Economist told us to expect at the start of the Covid-19 pandemic in 2020. It anticipated greater government intervention, of course, as there should be in the case of a health emergency that Covid-19 has turned out to be. But it also anticipated government mandates, use of contact-tracing as a… Continue reading State vs the Market in a Pandemic Economy

Geopolitical Tensions, a Red Herring

The last thing the world needs, as it struggles to control the pandemic and revive economies, is another war or attack on another country’s sovereignty. Yet, for the past couple of months all one has been reading and hearing in the media – particularly international media – is about geopolitical tensions coming to a boil.… Continue reading Geopolitical Tensions, a Red Herring

China’s Debt Crisis Reflects Deep Problems Within

In this month’s Owleye column, only the second since I began writing it last month, I would like to focus on China and its huge debt crisis, which leads to several other problems within its economy. While the debt crisis in China isn’t new (the earliest news reports of its looming debt problem surfaced in… Continue reading China’s Debt Crisis Reflects Deep Problems Within

Afghanistan Impoverished by More Than War

Hello readers. Welcome to the first of my Owleye blog posts - a monthly column of commentary on the most important issue facing the world - in place of my Writings on The Wall blog posts, that now says goodbye. This one is on Afghanistan's economic troubles and its future. After the longest war that… Continue reading Afghanistan Impoverished by More Than War