Over half a century ago, the Swedish Nobel Laureate Carl Gunnar Myrdal published his three-volume Asian Drama: An Inquiry into the Poverty of Nations (1968), which, based on a decade's observations of economic growth and development in the emerging (...)
"The lands beyond the river" conjures up the history of the early Islamic conquests of the area between the Jayhun (Amur Darya) River in the south and the Sihun (Syr Darya) River in the north of Central Asia.
Today, this area roughly comprises the (...)
With the collapse of Kabul, 20 years after the US invasion of Afghanistan, US President Joe Biden informed the world that the purpose of the US campaign in Afghanistan had never been to build a state or create a democracy. A Taliban leader confirmed (...)
In only a couple of years or so, central banks worldwide will start issuing digital currencies that we will carry in digital wallets on our mobile phones. Tangible paper and metal currencies will disappear.
But whatever shape and form money comes (...)
An old maxim among traders on the stock exchange says "buy on rumours, and sell when on news." In practical terms, this means that when there is a rumour that a company's value will shoot up, speculators should not wait to corroborate it but instead (...)
On the eve of the UEFA European Football Championship, a BBC reporter asked an English football fan which side he expected to win.
The reporter prefaced his question by saying that "I know predictions are meaningless today, but I'm going to ask you (...)
I recently heard the famous quotation "the future isn't what it used to be" used at a university commencement ceremony in the UK.
The speaker, a graduating student delivering the valedictory address, said that as pleased as she and her colleagues (...)
This week's three-day meeting of the G7 group of countries in Cornwall on Britain's southwest coast was strikingly different in character to recent precedents. At earlier meetings of the group, the gulf between the participants on some crucial (...)
In the fight against Covid-19, health authorities around the world have been aiming to inoculate at least 40 per cent of the inhabitants of their countries by the end of this year and 60 per cent by the middle of 2022. According to two recent (...)
The Covid-19 has dealt a deafening blow to every indicator of life and sustainable development worldwide. The pandemic has infected 163 million people, of whom 3.4 million have died. The UK Economist magazine has said that according to a statistical (...)
Health crisis issues and economic and financial challenges have forced governments to step in with unprecedented spending. While public spending on a health crisis such as the Covid-19 pandemic is urgent and temporary, economic recovery requires (...)
Amidst the present onrush of political and economic crises, we frequently hear the Chinese adage that "a crisis is at once a blessing and a curse." What about those people who only get the curses, you may ask. Where did all the blessings go?
The (...)
Amid the current global challenges, at the top of which is the Covid-19 pandemic and its repercussions, climate change is a major priority. There is no doubt that the alarm bells are now ringing louder than ever, due to the current threats to the (...)
The recent developments since the outbreak of the novel coronavirus (COVID-19) pandemic in 2020 are strong reminder of the phrase attributed to the Greek philosopher Heraclitus that "change is the only constant in life".
What has been more (...)
A possible hike in inflation after years of maintaining low rates has been the subject of heated debate as one of the repercussions of the current Covid-19 pandemic and attempts to contain it.
The shrinking world economy with a negative growth rate (...)
The Covid-19 pandemic, the severe economic recession, and increasing debt burdens represent a triad of global crises. The pressure of the crunch is mounting despite the availability of solutions and resources. So, what are the solutions to such (...)
As people grapple with the coronavirus pandemic and its repercussions on their health and economic conditions, the world's financial exchanges have been witnessing events that are not only telling of their divergence from the real economy but also (...)
The new reality imposed by the Covid-19 pandemic has given rise to seven priorities that have become the focus of attention of world officials. Their ability to handle these priorities differs according to the resources, expertise and institutional (...)
Even the most optimistic could not have predicted that a vaccine against the Covid-19 would have been developed in such a short period of time. This is a battle that modern science has won. We were told it would take 18 months to two years or more (...)
Strong regional and global integration have been central to countries' rapid growth and reduced poverty. Few economic sectors can better illustrate integration's potential benefits—and its significant risks—than the banking sector.
The period prior (...)
Any crisis brings both challenges and opportunities, writes Minister of Investment . To emerge healthier and stronger from the current financial turmoil we must learn from past mistakes and the experience of others
Fifteen years ago a Chinese friend (...)