

“What Really Happened at COP 28?” [Robert N. Stavins - HIC]
People walk near the Baku Olympic Stadium, the venue of the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan October 18, 2024. [REUTERS]With the annual meeting of the U.N. Framework Convention on Climate Change (UNFCCC) taking place in November, 2024, this is a good time to reflect on what happened ... and did not happen at the 28th Conference of the Parties (COP-28), held in Dubai, U.A.E., one year ago. If you read newspapers, checked your email, listened to the radio, or wat
2024.11.06 11:20THE INTERNET OF THINGS MEETS THE QUANTUM REVOLUTION [Arthur Herman-HIC]
Can your cell phone, toy drone, or robot vacuum suddenly turn into a lethal weapon? Cybersecurity experts around the world have hailed Israel’s pager exploit last month targeting nearly 3000 Hezbollah operatives via their electronic pagers, as a brilliant counterintelligence move. But the incident is also a grim reminder that a world built on connectivity can pose multiple threats as well as blessings-not only to our privacy but also to our safety. It’s time to make a sober as
2024.10.30 12:05Modi 3.0: Emerging Monetary Policy [Narendra Jadhav - HIC]
Devotees prepare to immerse a giant idol of elephant-headed Hindu god Ganesha in the Arabian Sea, marking the end of the 10-day long Ganesh Chaturthi festival in Mumbai, India, Tuesday, Sept. 17, 2024. [AP]In India, there are only two annual official sources that provide comprehensive review of performance of the economy ― first, the Economic Survey which is published typically in February on the eve of the Annual Budget of Government of India and second, the Annual Report of the Reserve Bank of
2024.10.29 11:17Relaxing capital requirements would plant the seeds of the next banking crisis [Nicolas Véron - HIC]
HQ of of the Bank for International Settlements (BIS) in Basel | Fabrice Coffrini/AFPBanking regulation goes in cycles that are punctuated by crises. Typically, a crisis results in regulatory tightening. Then after an extended period of time, memories of the crisis fade away, and policymakers end up yielding to bank lobbyists‘ constant push for loosen the rules. Then banks take more risk as allowed by the weaker new rules, and more often than not, a banking crisis erupts. Then everyone ask
2024.10.25 11:11Demographic Aging and Its Multifaceted Impact on the Economy [Sagiri Kitao - HIC]
Rising life-expectancy, coupled with persistently low fertility rates that fall below replacement levels, is leading to a declining working-age population in many countries. The economic discourse surrounding demographic aging typically emphasizes the challenges posed by a shrinking labor force and reduced production capacity. However, the impact of aging population extends beyond these aspects, influencing the broader macroeconomy through a variety of complex channels. Older individuals
2024.10.22 11:49How India is Driving Global Poverty Reduction [Bibek Debroy - HIC]
Bibek Debroy & Aditya Sinha India‘s growth numbers look promising. A lot has been written about how India has a track record of massive growth: During the current union government’s term (2024-29), India is poised to surpass a GDP of $5 trillion and become the world‘s third-largest economy. By the term’s end, the world will near the deadline for the Sustainable Development Goals (SDGs). Despite most countries falling behind, India has fared relatively better, though it re
2024.10.21 11:08Does the US Want Foreign Investment?...It’s complicated [Robert Dohner - HIC]
The stage seemed set for a multi-billion dollar transaction and a sigh of relief. An aging steel plant owned by a company that has lagged behind others in the industry. An acquisition bid by a world-leading company of a close foreign ally that promised to bring capital investment, new technology and to maintain the workforce. An acquisition bid that gave shareholders a 40% premium over the current share price. And an administration -- in the place where the “Washington Consensus” pro
2024.10.17 11:33What Does China’s Economic Stimulus Package Mean for the World Economy? [Shang-Jin Wei-HIC]
China recently announced a series of measures to boost the real estate sector in particular. [AFP]Shortly before the 75th Anniversary of the People‘s Republic on October 1, China’s central bank and financial market regulators, jointly announced a stimulus package that seems to be bolder than the market expectation. The main local stock indices rose by more than 15% so far, creating the best performing trading sessions in more than a decade. The actions by the Central Bank and financi
2024.10.15 11:15China's deteriorating its relations with the European Union need to be watched [Alicia Garcia Herrero - HIC]
Containers are unloaded from the Hapag-Lloyd container ship Chacabuco at the HHLA Container Terminal Altenwerder on the River Elbe in Hamburg, Germany March 31, 2023. [REUTERS]EU-China relations have been deteriorating for years. From the honeymoon period of engagement, the tone radically changed in 2019 when the EU introduced its trilogy of relations from China, which moved beyond engagement to competition and even rivalry. What was already alarming from China‘s perspective, namely that t
2024.10.11 11:15How Will the U.S. Rate-Cutting Cycle Affect Japan and Asia?[Sayuri Shirai - HIC]
A U.S. dollar bill is seen in front of the stock price graph.[ REUTERS]A screen on the trading floor at The New York Stock Exchange (NYSE) display a news conference with Federal Reserve Chair Jerome Powell following the Federal Reserve rate announcement, in New York City, U.S., September 18, 2024. The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing
2024.10.08 11:17