Last year ended with the grand announcement that 2023 would be India’s presidency of the G20 group of countries. The Prime Minister unveiled a new logo for the G20 along with the theme of Vasudhaiva Kutumbakam, an ancient Sanskrit concept that stresses the oneness of all humanity. I remember writing about this concept in one… Continue reading India’s G20 Year
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
In my second Owleye column on my blog, I had called the geopolitical tensions emanating out of Russia and China at the time a red herring. I had written that the world, especially the media, were busy talking up the threat of war by Russia and China over Ukraine and Taiwan respectively. I was wrong.… Continue reading Geopolitical Tensions Derailing Economic Recovery
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
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
It’s a year and a half since Covid-19 made its appearance in China and went on to ravage the world with amazing speed and virulence. China managed to control it effectively since they locked down Wuhan completely and prevented the spread of the virus while the infected were being treated. Other countries managed to control… Continue reading Road to Economic Recovery and Obstacles Ahead
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If, after watching news of the recently concluded G20 Summit, you got the impression that the global economy is chugging along fine and that countries were getting along fine, you can attribute it to one person: the world leader with the world-leading tweet! After firing off a set of confrontational tweets in customary style, Trump… Continue reading G20: A Summit in Need of Statesmanship
“The road of excess leads to the palace of wisdom… You never what is enough until you know what is more than enough.” - William Blake. This might be a strange note on which to begin the new year, but not if one looks at the signs all around us. Listening to some world leaders, you might… Continue reading A Decade of Excess, and the Scars are still Visible
Peripatetic Perch 