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After the extensive support to monetary and financial sectors in the aftermath of the global financial crisis and then during the Covid-19 pandemic, central bankers are now faced with the difficult task of engineering a controlled re-entry to the normal cycle of demand management. As we can all begin to see, the two-year interruption to […]
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It is easy to explain why countries with rampant corruption tend to have poor economic performance: corrupt officials steal funds from the economy and steer resources to easy-to-corrupt, wasteful projects. However, it is not easy to explain why some countries achieve high economic growth despite corruption. We offer an explanation: a high level of trust […]
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Studying China can be contentious. I have been in China study seminars that were as confrontational as sessions of U.S. Congress. A primary reason for the contentiousness is that people study China from different perspectives. Here are two major perspectives: the China-centric and the other-country-centric perspectives. The China-Centric Perspective This perspective emerged in the late […]
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Q: What led you to start thinking about how software or robots might get legal personhood? A: It was two things, really. On one side, I started noticing that significant activities within existing organizations had become entirely automated but still had legal effects. For example, I have a colleague who has no idea how much […]
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What do the United Nation’s 2030 Sustainable Development Goals, free and fair elections, and secure homelands share in common? It is this: achieving these extraordinary ends depends on committed public servants doing their jobs, day in and day out, sometimes in the face of significant challenges. The special disposition of public servants to put others […]
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The Indian economy traversed a rising growth trajectory for three decades since the turn of the 1970s. It has been observed that growth came mostly from the service sector. The question that haunted economists is: can the service sector of an underdeveloped country maintain such momentum when manufacturing fails to get charged up in spite […]
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Your decisions collectively empower you to create the life that you desire. If you want to improve your professional skills, enhance a relationship, eat a more healthy diet, contribute more at work, or mentor young people, you need to make decisions. Your decisions turn your plans into reality and improve the quality of your life. […]
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The World Trade Organization has always had more critics than champions. These days, the charges that are made against the WTO include that it has overstepped its authority, that it impedes the ability of members to set their own trade policies, and, paradoxically, that it has been unable to deal effectively with China. The recent […]
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