Following aggressive lobbying by the Trump administration, more than 145 countries agreed to give big US multinationals a free pass under the global corporate minimum tax rules that were agreed in 2021. But if democracy is to prevail over oligarchy,…
It is probably only to be expected that the official account, in the Finance Ministry’s justreleased Economic Survey 2025-26, would be generally upbeat about the Indian economy and the current policy direction of the Modi government. We have also come…
Early in January, preliminary estimates of China’s trade surplus (from the General Administration of Customs of China) placed it at $1.7 trillion in 2025, as compared with $993 million in 2024. The sharp 20 per cent rise in the trade…
At the heart of US President Donald Trump’s foreign policy is the belief that the world can be carved up among major powers, with the United States free to act with impunity in its “backyard.” In reality, this approach is…
Despite strong opposition in Congress, Brazilian President Luiz Inácio Lula da Silva has launched an ambitious industrial policy aimed at boosting renewable-energy capacity and expanding domestic defense capabilities. But sky-high interest rates and fiscal constraints risk putting these objectives out…
The world is facing an inequality crisis fueled by stagnant wages, eroding social protections, and the extreme concentration of wealth. Reversing these trends requires reassessing the policies that produced them and equipping governments with the information they need to pursue…
In late 2024, the Institute of International Finance (IIF), the advocacy arm of global finance, put out a pessimistic projection that capital flows to emerging market economies (EMEs) are likely to fall to $716 billion in 2025 from an estimated…
Extended by a day in a show of symbolism, this year’s climate summit, the 29th Conference of Parties (COP29), ended in collapse. The widespread consensus that this was the case concealed, however, differences as to what reflected the collapse. Developed…
There’s no doubt that the election of Donald Trump as the next President of the United States sets the stage for further expansion of fossil fuel production in the US, especially of natural gas, of which the US has emerged…
For some time now, global economic news reporting has been dominated by the growth slowdown in China. The tone of that reporting is conflicted. On the one hand, there is a barely suppressed sense of satisfaction or “schadenfreude” (pleasure derived…
