Global Economy
Economic diplomacy: Duelling D-words to delineate China
Risky business
For the leader-in-waiting from a small, risk averse country, Singapore’s Deputy Prime Minister Lawrence Wong was remarkably quick last month to smack down the…
Two views on the best way forward for the “Washington Consensus”
US National Security Adviser Jake Sullivan recently described the industry policy inherent in the Inflation Reduction Act (IRA) as the “new” Washington Consensus. In an issues…
Trading up can unlock India’s industrial potential
Since India moved away from its socialist economy in 1991, it has had many transformative successes, but its biggest failure continues to be the absence of a robust manufacturing…
Economic diplomacy: Taking cover from the summit war of words
Growing pains
For a newish four-member, self-declared nimble group with an aversion for too much bureaucratisation, the Quadrilateral Security Dialogue hit a telling benchmark…
A G20 presidency to build Brand India as a champion of the Global South
India is using the G20 presidency to demonstrate to the world the country’s strengths as a responsible and collaborative global actor. The message is a broad one – “One Family,…
Foreign policy China-style: beyond protocol and alcohol
There are phases in international relations when diplomacy between some countries is unfortunately reduced to protocol and alcohol. Such phases are never entirely intentional. No…
Taming international capital flows
As said of tastes in clothes or music, fashion trends always come back into vogue. So too, it seems, with conventional wisdom on international capital flows. After years allowing…
Pakistan’s gamble with Russian oil
News of the arrest of former prime minister Imran Khan has roiled Pakistan in the past day, which is the latest development in a long-winding saga. Much of the instability in the…
Malaysia’s Anwar seeks Asian Monetary Fund and “dedollarisation”
The Asian Monetary Fund was an idea that Japan first proposed in 1997 following the Asian financial crisis. At the time, Anwar Ibrahim, a rising star in Malaysian politics, firmly…
Biden’s quiet economic revolution
Senior figures of the Biden administration have given two critical speeches on US economic policy. First, Treasury Secretary Janet Yellen last month set out the parameters of US…