A broken economic system
Only the rich countries can afford the luxury of free market economy (FME). Indeed, FME is a luxury the rich countries have enjoyed to the hilt over the last 40…
Human hybrids in economic system
What is more important - knowledge of economics as taught and practised in the West or Wisdom as practised in the East or local level ethics? Pakistan has always been…
Is Western economic system relevant to Pakistan?
The time has always been ripe to question the western system of economics and how these have been developed for their own convenience. Examine any aspect of macro policy and…
China’s debt-laden local governments pose challenges to economic growth, financial system
China’s push to revive the economy this year by increasing infrastructure spending while warding off financial risks is facing headwinds from massive local-government debt, which is more than $9 trillion…
Circular debt and the economic eco-system
Reading a recent leader story in this paper about the government's intention to issue $5 billion worth of T-Bills/PIB's in lieu of the circular debt has prompted me to write…
Putin sees political, economic upside to Israel’s war with Hamas
Russian President Vladimir Putin waited three days before commenting on Hamas’ massacre of Israelis, which happened to take place on his 71st birthday. When he did, he blamed the United…
Wounded ecosystem
We have devastated the ecosystem and threatened our survival and are now chanting the slogan ‘Save the planet, the earth is dying, save the ecosystem’ – which seems merely deceptive.…
Economic models buckle under strain of climate reality
Ahead of international climate talks in Dubai this month, economists are updating estimates of the impact of global warming on the world economy, sometimes calculating down to a decimal place…
China remains the crucial engine for global economic recovery and development
Recently, affected by the international political and economic situation, there were some voices expressing concerns about the economic prospects of China. In fact, China enjoys several distinct advantages: a socialist…
Important global economic challenges
Decades of neoliberal assault of advocating greater market fundamentalism, and lesser government regulation produced a global financial and economic order with serious resilience, and equity issues, which were glaringly exposed,…
