South Asia

14 Items

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Analysis & Opinions - Global Policy

Factoring Pandemic Risks into Financial Modelling

| Apr. 01, 2020

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.

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Analysis & Opinions - The Economist

COVID-19 Pandemic Accelerates the Rise of Digital Payments

| Mar. 20, 2020

Could using the cash in your pocket have the potential to spread covid-19? That question has rarely appeared in the news, but many governments and leaders in the digital payments industry are wondering how the virus might impact the use of cash. Several countries have already taken drastic measures to limit circulation of bank notes. Could such interventions lead to the end of cash payments?

People walk by a money exchange shop in Hong Kong.

AP/Kin Cheung

Analysis & Opinions - Project Syndicate

The COVID-19 Cash Out

| Mar. 19, 2020

Because hand-to-hand exchange of physical currency could transmit the coronavirus, countries around the world are being forced to reconsider the use of cash. In fact, COVID-19 might turn out to be the catalyst that finally brings digital payments fully into the mainstream. Not surprisingly, the digital-payments industry is already focusing on the opportunities created by the crisis.

Will the Coronavirus Trigger a Global Recession?

David Dee Delgado/Getty Images

Analysis & Opinions - Project Syndicate

Will the Coronavirus Trigger a Global Recession?

| Feb. 24, 2020

At the start of this year, things seemed to be looking up for the global economy. True, growth had slowed a bit in 2019: from 2.9% to 2.3% in the United States, and from 3.6% to 2.9% globally. Still, there had been no recession, and as recently as January, the International Monetary Fund projected a global growth rebound in 2020. The new coronavirus, COVID-19, has changed all of that.

Dutch lawmaker Geert Wilders talks to reporters as he arrives at at Quicken Loans Arena before the start of the second day session of the Republican National Convention in Cleveland, Tuesday, July 19, 2016.

(AP Photo/Carolyn Kaster)

Analysis & Opinions - Project Syndicate

Putting the Populist Revolt in Its Place

| October 6, 2016

In many Western democracies, this is a year of revolt against elites. The success of the Brexit campaign in Britain, Donald Trump’s unexpected capture of the Republican Party in the United States, and populist parties’ success in Germany and elsewhere strike many as heralding the end of an era. As Financial Times columnist Philip Stephens put it, “the present global order – the liberal rules-based system established in 1945 and expanded after the end of the Cold War – is under unprecedented strain. Globalization is in retreat.”

In fact, it may be premature to draw such broad conclusions.

Some economists attribute the current surge of populism to the “hyper-globalization” of the 1990s, with liberalization of international financial flows and the creation of the World Trade Organization – and particularly China’s WTO accession in 2001 – receiving the most attention. According to one study, Chinese imports eliminated nearly one million US manufacturing jobs from 1999 to 2011; including suppliers and related industries brings the losses to 2.4 million.

From Selma to Tunis: When Will We March Against the Segregation of Our Own Time?

Wikimedia Commons

Analysis & Opinions - The Huffington Post

From Selma to Tunis: When Will We March Against the Segregation of Our Own Time?

| March 23, 2015

This year, with good reason, Americans have celebrated the moment 50 years ago when the struggle for civil rights for African-Americans reached a decisive moment: the 1965 March from Selma to Montgomery. The movie Selma won an Oscar. President Obama went to Selma and gave one of his finest speeches.

The Islam reformers vs. the Muslim zealots

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Analysis & Opinions - The Washington Post

The Islam reformers vs. the Muslim zealots

| March 27, 2015

The ferment we see in the Muslim world today is not solely due to despotic political systems, and it is not solely due to failing economies and the poverty they breed. Rather, it is also due largely to Islam itself and the incompatibility of certain of that faith’s key tenets with modernity. That is why the most important conflict in the world today is between those who are hell-bent on preserving, and even increasing, these incompatibilities, and those who are bravely prepared to challenge them — not to overthrow Islam but to reform it.

Why Islam Needs a Reformation

Wikimedia Commons

Analysis & Opinions - The Wall Street Journal

Why Islam Needs a Reformation

| March 20, 2015

“Islam’s borders are bloody,” wrote the late political scientist Samuel Huntington in 1996, “and so are its innards.” Nearly 20 years later, Huntington looks more right than ever before. According to the International Institute for Strategic Studies, at least 70% of all the fatalities in armed conflicts around the world last year were in wars involving Muslims. In 2013, there were nearly 12,000 terrorist attacks world-wide. The lion’s share were in Muslim-majority countries, and many of the others were carried out by Muslims. By far the most numerous victims of Muslim violence—including executions and lynchings not captured in these statistics—are Muslims themselves.

Sen. John McCain, R-Ariz., the ranking Republican on the Senate Armed Services Committee, arrives for a hearing on Iraq,  Feb. 3, 2011, in Washington. Earlier, he said the U.S. has to do "a better job of encouraging democracy" in the Middle East.

AP Photo

Analysis & Opinions - Foreign Policy

Wishful Thinking

| April 29, 2011

"A central tenet of both neo-conservatism and liberal internationalism/interventionism is the idea that democracy is both the ideal form of government but also one that is relatively easy to export to other societies. Never mind that democratization tends to shift the distribution of power within different societies, thereby provoking potentially violent struggles for power between different ethnic or social groups within society. Pay no attention to the fact that it took several centuries for stable democracies to emerge in the Western world, and that process was frequently bloody and difficult."