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Curated by Project Syndicate

Asia’s Stumbling Giant

3 commentaries

India’s economy is slowing sharply, with GDP growth lagging well behind other major Asian economies in the second quarter of this year.  How can India achieve – and sustain – the Chinese-style rates of growth that Prime Minister Narendra Modi promised when he came to power? 

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  1. Reviving India’s Economy
    Overcrowded bus at Mumbai Hindustan Times/Getty Images

    Reviving India’s Economy

    Sep 19, 2017 Kaushik Basu proposes policies to address the short- and long-term impediments to growth.

  2. The Changing Face of Work in India
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    The Changing Face of Work in India

    Jul 17, 2017 Rakesh Mohan & Anu Madgavkar argue that official data fail to capture the structural shift in the country's labor market.

  3. Maintaining Growth in a Fast-Aging Asia
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    Maintaining Growth in a Fast-Aging Asia

    May 24, 2017 Changyong Rhee warns that powerful demographic headwinds could undermine the region's economic prospects.

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    What Rebalancing the US Economy Really Requires

    Glenn Hubbard

    US Treasury Secretary Scott Bessent’s defense of President Donald Trump’s trade tariffs as a step toward “rebalancing” the US economy misses the point. While some economies, like China and Germany, need to increase domestic spending, the US needs to increase national saving.

    thinks US Treasury Secretary Scott Bessent is neglecting the need for spending cuts in major federal programs.
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    Insurers Must Embrace Geospatial AI

    Pierre du Rostu touts the technology’s benefits for an industry that must shift its focus from paying claims to managing risk.
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    Michele Gelfand points out that the best dealmakers strive for win-win outcomes, not zero-sum Pyrrhic victories.
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    America’s Last Chance to Lead in Fusion Energy

    Ylli Bajraktari warns that China's domination of the sector would give it massive economic and geopolitical leverage.
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    China Can’t Spend Its Way Out of Trouble

    Kenneth Rogoff

    China’s prolonged reliance on fiscal stimulus has distorted economic incentives, fueling a housing glut, a collapse in prices, and spiraling public debt. With further stimulus off the table, the only sustainable path is for the central government to relinquish more economic power to local governments and the private sector.

    argues that the country’s problems can be traced back to its response to the 2008 financial crisis.
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    This UN Debt Initiative Is Different

    Mahmoud Mohieldin, et al. tout an Expert Group’s efforts to prevent a full-blown solvency crisis in developing countries.
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    What African Electrification Requires

    Fatih Birol & Alain Ebobissé highlight the need for greater private-sector participation to boost investments in power grids.

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