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The world may expect great things from India, but as extensive reporting reveals, Indians themselves turn out to be deeply skeptical about their country’s potential. That attitude, plus New Delhi’s dysfunctional foreign-policy bureaucracy, prevent long-term planning of the sort China has mastered -- and are holding India back.
Much of the outrage over economic inequality in the United States has centered on the high compensation and lack of accountability that corporate executives supposedly enjoy -- allegedly the result of boards at public companies. The truth, however, is that American CEOs now earn less and get fired more than in the recent past.
Government regulators should take their cues from the statistics-obsessed sports geeks of Moneyball and use data and empirical evidence to evaluate rules, instead of relying heavily on intuition, anecdotes, dogmas, and impressions.
Despite media hoopla, cross-border crime -- illegal drugs sales, evasion of taxes, intellectual property theft, and money laundering -- is hardly a new phenomenon. For much of history, moreover, the United States was as much perpetrator as victim. Recognizing this awkward truth should help cool down overheated debates about today’s transnational problems and how to respond to them.
The Obama administration’s “pivot” to Asia made sense, because China was starting to doubt U.S. staying power. Now that Washington has sent Beijing a clear message it will be around for the long haul, however, the time has come for the two countries to deepen and institutionalize their relationship in order to secure Asia’s lasting peace and prosperity.
This week, the U.S. Supreme Court dealt a blow to foreign victims of foreign human rights abusers who wish to use U.S. courts to sue their abusers. As a top legal scholar and federal judge wrote in this article--which Justice Stephen Breyer cited in his opinion--such lawsuits offered victims some measure of solace and gave substance to underenforced human rights laws.
While the grim effects of the 2008 financial crisis still resonate across the globe, the recession wasn't all bad: it triggered fundamental economic restructuring, and the result is a U.S. economy poised to emerge stronger than it was before. Although it's too soon to say with certainty, even Europe may come out ahead.
At first, Mexico's recent presidential election looked unpromising: the PRI, the country's long-dominant party, crept back into office, but with only 38 percent of the vote and no majority in Congress. Yet the campaign revealed just how much Mexicans actually agree on, and the new government is likely to pass long-overdue reforms.
Iraqi Kurdistan is reveling in its newfound oil wealth and growing more estranged from the violent and dysfunctional central government in Baghdad. Yet statehood -- the ultimate dream of Iraqi Kurds -- will likely be deferred once again, as Kurdistan shifts from Iraq’s suffocating embrace to a more congenial dependence on Turkey.
The most talked-about global economic trend in recent years has been “the rise of the rest,” with Brazil, Russia, India, and China leading the charge. But international economic convergence is a myth. Few countries can sustain unusually fast growth for a decade, and even fewer, for more than that. Now that the boom years are over, the BRICs are crumbling; the international order will change less than expected.
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