Category Economics

The Silver Jubilee of India-ASEAN Relations: A Geopolitical Rejuvenation?

To achieve its goal of deepened integration with ASEAN, India has established and continuously emphasized opportunities for economic and security partnership. All the while, it has simultaneously appealed to socio-cultural ties. Closer integration with ASEAN, India hopes, will allow the two to jointly balance China’s growing regional influence.

Mutual Delegitimization: American and Chinese Development Assistance in Africa

How can China’s ideas of development assistance to Africa be regarded within the context of a wider struggle among global powers? In contrast to the dominant public understanding that Chinese aid has “no strings attached,” authors Salvador Regilme and Henrik Hartmann from the University of Leiden show that US and Chinese governments’ aid strategies champion their own geostrategic national interests in the African continent.

China’s Belt and Road Gamble: Can it Deliver?

At a time when China is increasing its power on the world stage, Dr. Shahid Yusuf, the Chief Economist of The Growth Dialogue at the George Washington University School of Business in Washington DC, attempts to investigate the effects of China's Belt Initiative. In doing so, he discovered that the project will certainly increase China's influence and economic power in Central Asia but it will also place the Chinese economy under heavy strain as Chinese growth begins to slow.

Too Many Remittances?

At a time where the international flow of remittances has received a great deal of criticisms by those on the political right, Jorge de Leon Miranda, a researcher at the International Monetary Fund, attempts to investigate the magnitude and effects of international remittances. In doing so, he discovered that remittances from the United States make up a great deal of the remittance inflow for at least fifteen countries and that the level of remittance inflow has an appreciable effect level of that country's development.

Weber’s Protestant Ethic Revisited: Explaining the Capitalism We Take for Granted

Author Edmund Ruge revisits the German Sociologist Max Weber's theory of international development to see how Weber's theory, as expressed in his classic book The Protestant Ethic and the Spirit of Capitalism are still relevant today in the field of international development. Edmund Ruge then juxtaposes Weber's theory of development with two other theories of development that were proposed by Karl Marx and Georg Wilhelm Friedrich Hegel.

Populism in Retreat? Energy Liberalization and Reform in Mexico and Saudi Arabia – Part II

In this two-part series, authors Seth Clare and Samer Mosis explore how low oil prices spurred energy reforms in Mexico and Saudi Arabia, and provided them with an incidental vaccine to the populist contagion infecting more diversified, developed economies. While such reforms will likely be painful for many in the short-term, they concede that the long-term economic growth these changes will support are well worth their costs.

Populism in Retreat? Energy Liberalization and Reform in Mexico and Saudi Arabia – Part I

In this two-part series, authors Seth Clare and Samer Mosis explore how low oil prices spurred energy reforms in Mexico and Saudi Arabia, and provided them with an incidental vaccine to the populist contagion infecting more diversified, developed economies. While such reforms will likely be painful for many in the short-term, they concede that the long-term economic growth these changes will support are well worth their costs.

Reliance on Oil and Gas Imports and Economic Growth – India’s New Challenge

Authors Simi Mehta and Mohsin Amin provide a snapshot of India’s energy demand and import scenario and discuss relevant government schemes for fuel efficiency. In addition to offering policy prescriptions, they conclude that due to geopolitical uncertainties and fuel price volatility, India urgently needs to integrate growth in the energy sector with its overall economic growth strategy, and simultaneously ensure the sustainability of the environment.

Labor Market Reform in France would Help Ease Muslim – non-Muslim Tension

Author Adam Millsap asserts that the liberalization of labor markets in France and other European countries would address concerns of immigrant assimilation by providing more economic opportunity for immigrants, which would make it easier for them to adjust to their new surroundings. He concludes that labor market liberalization could also provide long-term economic prosperity for all in France.