In the past two decades, China’s global economic clout has not only increased its contribution to the global economy, but has also caused global indebtedness to rise significantly, especially among the developing world. Beijing’s international lending that is notoriously know...
More than six months have passed since the delisting of Pakistan by the Financial Action Task Force (FATF) from its grey list. However, a close look at the efforts made by Islamabad for implementing the FATF’s Action Plan reveals a...
US Envoy to Sri Lanka Julie Chung made a scathing remark recently that China is a ‘spoiler’ as it is holding up Sri Lanka’s application for the USD 2.9 billion International Monetary Fund (IMF) bailout, a dire need for the...
The Russian invasion of Ukraine, on February 24, 2022, will be remembered among the 21st century’s pivotal events, a turning point in world history. There is no aspect of today’s international relations and global economy that has not been touched...
There is an old Irish joke about someone who asks for directions, and is told: I would not start from here. Advising the EU on economic strategy feels very much the same: they committed so many unforced errors, like fiscal...
Fair is fool and fool is fair: we must fish out Shakespeare and Macbeth to read the economic competition between the US and Europe that emerged after the approval of the Inflation Reduction Act by the Biden administration. The White...
For more than a century, the scramble for oil sparkedwars, forced nations to form unusual alliances and sparked more diplomatic disputes. Now, the world’s two largest economies compete for another precious resource – semiconductors, the chips that literally power our daily...
A major crisis involving thousands of unfinished apartments across China awaits the government even as it tackles the severe Covid outbreak and tries to ward off an economic disaster owing to the strict lockdowns only recently lifted under people’s pressure....
Pakistan ends the year 2022 and hurtles into 2023 with an economy that is arguably facing its worst crisis since its birth, yielding no sign, internal or external, of an early improvement. The year saw its exports falling, its imports...
China’s foray into the developing world has always been associated with its tactics like debt trap, shifting of hazardous industries, unfair trade and dumping. Equally important to note are China’s lending practices, which give it the enhanced ability to interfere...