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With European voters voicing their frustration at harsh austerity measures, economic fears are back in the eurozone and any respite from government and central bank intervention appears to be fading.
ExxonMobil’s size, its profits, internal discipline and the critically important product it sold—energy—gave the company a huge amount of power.
Myanmar’s political and economic reforms under President Thein Sein have raised hopes and expectations at home and abroad. But Myanmar’s challenges remain formidable.
While the relationship between the European Union and India has a great deal of potential, it has underperformed. To revitalize it, both sides need to move from dialogue to joint action on a regional or multilateral level.
With tighter sanctions on Iran scheduled to go into effect in the second half of this year, global oil prices could spike further, adding uncertainty to fragile global economic prospects.
Since opening up to the world in 1979, China’s economy has grown by an astonishing 10 percent, on average, in real terms every year. But many observers have pointed out that China’s recent “rise” is more aptly deemed a “return” to the preeminence it enjoyed before the eighteenth century.
The Philippine economy has grown by about 5 percent a year on average over the last ten years, significantly higher than in the previous two decades. Yet the number of people living below the poverty line has actually increased.
While the commotion over bond spreads is justified, it diverts attention from the main arena where the survival of the euro will ultimately be decided: the realignment of Europe's peripheral economies toward exports and import substitutes.
Myanmar faces a number of daunting reform challenges, but it also has a unique opportunity to use its natural advantages to build strong foundations for sustainable and inclusive growth.
Although former president of Columbia Álvaro Uribe is currently facing sharp criticism, it is hard to dispute the fact that Uribe left his country better than how he found it.
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