Aug 27, 2014

The difference between good and bad equality

by Michael Spence

The "old" theory about inequality was that redistribution via the tax system weakened incentives and undermined economic growth. But the relationship between inequality and growth is far more complex and multi-dimensional than this simple trade-off suggests.

The spawning of Islamic State

Aug 26, 2014

The spawning of Islamic State

by Brahma Chellaney

It took just two years for Syria to descend into a Somalia-style failed state under the weight of the international jihad against Bashar Assad. This helped the Islamic State not only to flourish but also to use its control over northeastern Syria to stage ...

Aug 26, 2014

Grading the Modi government

by Ramesh Thakur

By the way he talks, new Indian Prime Minister Narendra Modi might appear to be replicating his Gujarat state model of learning to walk before starting to run with headstrong solutions to the big problems facing the country. Even so, he will have to ...

Aug 26, 2014

Strong leaders in an increasingly fragile Asia

by Simon Tay

Stronger leaders are finally in place in fragile Asia — leaders who can deliver domestic reform and economic growth. But if these leaders assert their strength against each other or vis-a-vis the U.S. over security matters, regional stability could be upended.

Aug 26, 2014

Brace for the coming CLASS war

by Andrew Sheng

The balkanization of global banking by the U.S.' requiring all foreign banks in the country to become subsidiary companies and international banks with U.S.-dollar clearing accounts to comply to some degree with U.S. foreign policy by refraining from trading with U.S. enemies defines a ...