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China’s long march

Xi Jinping Thought on Socialism with Chinese characteristics is three-pronged: i) factors-in the history of the CPC-led revolution and the journey of sacrifice and nation-building that ensued thereafter; ii) acknowledgement…

The rise of the renminbi

Now that Islamabad and Beijing are poised to enter into an expanded and intensified bilateral economic interaction as the first phase of implementation of China-Pakistan Economic Corridor (CPEC) project gets…

Covid-19 policy focus

It’s not just the economy, stupid. The coronavirus has finally killed the platitude-defining politics of the 90s. It’s about lives. It always was. Sadly, some politicians and interest groups are…

Some thoughts on improving global financial governance

Globalization has recently come under attack for having given rise to excessive nationalism and protectionism. Excessive nationalism and protectionism carry the potential to hamper global economic recovery. For this reason,…

Unbalanced Balance Sheet

Unbalanced balance sheet

The traditional balance sheet, with its main emphasis on capital as the primary concern of managers, is skewed in favour of the shareholders and has failed us as society in…

The art and science of ‘hawala’ transactions

Definition of 'hawala' transaction: Interpol has defined 'hawala' transaction as "Money Transfer without money movement". This appears to be the most appropriate description of prevalent practice as used in South East…