GPI Senior Research Fellow, Bob Savic, has been quoted in a recent article on CNN, commenting on the increasingly close ties between Russia and China: “”Driven by strengthening personal ties between Putin and Xi, the breadth and depth of China-Russia relations have spilled over into multiple spheres of governmental and institutional policymaking”. To read the...Read More

Atlanticists on both side of the pond have used the current standoff with Russia over Ukraine to reassert the centrality of NATO and of the transatlantic partnership. Continued interest in a united and purposeful West is a good thing, but the conceptual basis of the transatlantic relationship is outdated and in urgent need of overhaul....Read More

Given the dimensions of the human tragedy that has unfolded in Japan since the earthquake struck on 11 March 2011, it is not surprising that the possible consequences for the rest of East and South East Asia have received comparatively little attention. Most commentators have followed the World Bank and the Asian Development Bank in...Read More

The huge compression of the investment horizon towards an extreme short term bias continues to be a major barrier to real recovery. A methodology to develop a direct capital flow between investors and the real economy is now desperately needed. Reflexivity, or simply put, the fact that markets have de facto no self adjusting mechanisms, should now be a...Read More

The financial crisis and its economic consequences led to re-thinking of many regulatory and economic policies. In some cases, policies emerged “after the fact” to rationalise emergency measures taken to address symptoms of the crisis. This has not always been satisfactory and there have been some unintended consequences. For example, politicians now reconsider their position...Read More

Hannah, Social Europe Journal, March 25, 2011 At the beginning of this series, Thomas Pogge highlighted the close relationship between equality and justice and the connection between these factors and the principles of a democratic society. Within any system, the ability for wealth and power to become concentrated within certain groups has a fundamental impact...Read More

Current mainstream economic thinking says that industrial policy is ineffective, and that market forces should determine the fortunes of companies and industries. In the credit crisis, however, the UK government and most other governments felt compelled to intervene. They established a de facto industrial policy strongly favouring the financial sector, at the expense of the rest of...Read More

Public ignorance of the reality of how the economy actually works is a lamentably common fault these days (I count myself among the guilty), and frequently results in crude, polarising debates that are easily dismissed by decision-makers for their inaccurate insignificance and predilection for ideological posturing. While I do not like it, in fact it...Read More

Chinese people are becoming richer, and the wealth gap in China is, as expected, growing. The just concluded Spring Festival holiday saw consumption reach about 400 billion yuan ($60.69 billion), with many rich Chinese travelling abroad to enjoy their holiday and, with some of them, buying luxury goods. The CLSA Asia-Pacific Markets has even forecast...Read More

Carlo Resta, Roubini Global Economics, February 17, 2011 The assumptions of the efficient market hypothesis and self equilibrium,previously widely acclaimed, led to unsound economic decisions. They created an intellectual complacency that overlooked the risks behind the ongoing structural crisis. New concepts should guide our future analysis and build the foundations of a new economic and financial theory. Most...Read More