The idea of a universal basic income (UBI)—periodic and unconditional cash payments to all citizens—has gained renewed attention amid growing concerns about technological unemployment in advanced economies.
India’s Look East policy, initially aimed at reconnecting India with Asia’s economic globalization, has since evolved into a comprehensive regional strategy with political and military dimensions. As the United States rebalances to Asia, however, India faces new dilemmas.
In most economies, GDP growth is a measure of economic output generated by the performance of the underlying economy. In China, however, Beijing sets annual GDP growth targets it expects to meet. Turning GDP growth into an economic input, rather than an output, radically changes its meaning and interpretation.
Russian banking system needs a supervisory authority independent of the central bank. Retail banks should be prohibited from investing in non-liquid assets, while the liquid securities market should be saved for investors
Although governments in the Middle East and Central Asia spend a great deal on the public sector by international standards, they are failing to secure inclusive growth. How can the public sector be modernized in order to trim costs and improve services?
Adly is a nonresident scholar at the Carnegie Middle East Center, where his research centers on political economy, development studies, and economic sociology of the Middle East, with a focus on Egypt.
Feigenbaum’s work focuses principally on China and India, geopolitics in Asia, and the role of the United States in East, Central, and South Asia. His previous positions include deputy assistant secretary of state for South Asia, deputy assistant secretary of state for Central Asia, and member of the secretary of state’s policy planning staff with principal responsibility for East Asia and the Pacific.
Nonresident Fellow Democracy and Rule of Law Program
Steven Feldstein is a nonresident fellow in Carnegie’s Democracy and Rule of Law Program, where he focuses on issues of democracy, human rights, governance, rule of law, political reform, security, emerging economies, and Sub-Saharan Africa.
Paul Stronski is a senior fellow in Carnegie’s Russia and Eurasia Program, where his research focuses on the relationship between Russia and neighboring countries in Central Asia and the South Caucasus.