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Tag Archives: WORLD ECONOMY

The Crumbling World Order and the United Nations

The Crumbling World Order and the United Nations

We are witnessing the crumbling of the world order and we have grown accustomed to it. Surprisingly, it is not an ascending power that is rocking the status quo but the global leader, i.e. the United States, itself. And, if the very country that had been its main pillar is now willing to let that order collapse, the rest can …

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Where is the World Economy Heading?

World Economy

By: Waqar Masood Khan There is a lot of flux that characterizes the world economy at present. While developed markets are performing exceptionally well, emerging markets (EM) are facing high uncertainty. More importantly, a very large number of market pundits are predicting that a great recession is just around the corner. The emerging markets are under huge stress. Their currencies …

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On Need for a New International Order

On Need for a New International Order

Few global issues have taken on more current importance than the future of the postwar, rules-based international order. The roots of the order run back to the mid-1940s, when US leaders decided that the United States should work to shape the postwar settlement in more structured, collaborative and rules-bound ways. They conceived of global organizations to promote collective problem-solving, avert …

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The Astana Summit & Pakistan’s Entry into SCO

The Astana Summit & Pakistan's Entry into SCO

The month of June 2017 has witnessed an important international event. The two archrivals India and Pakistan, with a bitter rivalry that spans nearly 70 years and shows no signs of abatement, have joined the Shanghai Cooperation Organization (SCO) as its full members. Pakistan’s membership (as well as India’s) was a part of a process, from Observer status to full …

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China’s Economic Diplomacy, The Dragon’s growing clout in international economic affairs

China's Economic Diplomacy

With a $12 trillion economy still growing at about 6.5 percent annually and $3 trillion in foreign exchange reserves, China is moving very rapidly to become a true global power. In recent years, the country has expanded its global and regional economic footprint especially through new institutions, such as the Asian Infrastructure Investment Bank (AIIB) and the ‘One Belt, One …

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IS THE WORLD ECONOMY HAVING A 2008 MOMENT?

IS THE WORLD ECONOMY HAVING A 2008 MOMENT

Recently the International Monetary Fund (IMF) warned the world that dangers to the world economy had risen and that a collective action is needed to boost the global economy, with volatile financial markets and low commodity prices creating fresh concerns about its health. Given these circumstances, a combination of monetary and fiscal policy and structural reforms was needed to strengthen …

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