Asia

The Nobel laureate economist discusses how an activist government is needed to tackle problems like climate change

It’s not just Turkey­—from India to Indonesia, external financial liabilities are a looming threat

The removal of term limits for Xi Jinping may be a better indicator of economic health—or crisis—than official statistics

The BRICS countries—Brazil, Russia, India, China, and South Africa—play a crucial and growing role in the world economy. Sanjay Reddy kicks off our series exploring shifting social and economic dynamics within these countries, and what they mean for the global economy.    

Unregulated, speculative lending markets nearly brought down the global financial system 10 years ago. Now, Western banks are exporting this failed model to the developing world.

China is now the world’s largest greenhouse-gas emitter, accounting for over 25% of the global total. But the country has also demonstrated a growing understanding that a truly green economy promises to improve quality of life and create enormous opportunities for technological and political leadership.

As globalization proceeds rapidly, manufacturing industry in most of developed countries declined steadily. 

The 2008 financial crisis was a shock to faith in entirely free financial markets. But the neoliberal assumptions underlying the previously dominant “Washington Consensus” continue to inform much Western commentary on China’s economy.

The Implications of Xi’s Belt and Road Initiative for China and the World Economy

Why it’s urgent that China adjust its balance of payment structure and safeguard its foreign assets

A discussion with Kaushik Basu, Professor of Economics and the C. Marks Professor of International Studies at Cornell University and former Senior Vice President and Chief Economist of the World Bank. 

A trade war would undoubtedly hurt both sides. But there is reason to believe that the US has more to lose. If nothing else, the Chinese seem to know precisely which weapons they have available to them. China could stop purchasing US aircraft, impose an embargo.