Showing posts with label Sebastian Mallaby. Show all posts
Showing posts with label Sebastian Mallaby. Show all posts
Thursday, 13 October 2016
Saturday, 11 June 2016
Tuesday, 1 March 2016
What China Could Learn From Richard Nixon (Sebastian Mallaby, CFR)
An anxious superpower is confounded by a troubled economy. For a generation, its growth has been envied; now that growth is decelerating sharply. For decades, it has shaped and guided its economy via tight control of its banks; now that lever is malfunctioning. For years, it has carefully managed its exchange rate and limited the flow of capital across its borders; now the dam is cracking. To anyone who keeps up with the news, the superpower would seem easy to identify: China. But for those with a long memory, it could just as well be the United States of the Nixon era.
http://www.cfr.org/china/china-could-learn-richard-nixon/p37529
http://www.cfr.org/china/china-could-learn-richard-nixon/p37529
Thursday, 11 February 2016
Why India’s Economy Is at the Head of the Pack (Sebastian Mallaby, CFR)
Not long ago, India was the laggard among the big emerging economies. In 2012, a giant electricity failure across the north of the country plunged millions into darkness, demonstrating the decrepitude of Indian infrastructure and the incompetence of public-sector management. The government had failed to create the basic props of a functioning economy: Kolkata’s main railway station, built in 1905 with fifteen platforms, had just twenty-three platforms—even though the number of passengers had multiplied one-hundred-fold.* Indian truck drivers spent less than 40 percent of their time actually driving; the rest was spent at tax checkpoints at state borders and in endless lines at toll booths. Small wonder that India’s growth lagged China’s—and Brazil’s and Russia’s. In 2013 Jim O’Neill, the Goldman Sachs economist who coined the BRIC acronym, demanded of India: “What is the matter with you guys?”
http://www.cfr.org/economics/why-indias-economy-head-pack/p37526
http://www.cfr.org/economics/why-indias-economy-head-pack/p37526
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