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Himalayan Crossings: Explaining the Rise of China and India

Selected Insights on US Foreign Policy and on Political Economy, Security, Finance, and Information Technologies in and between South Asia and Greater China


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Archive for April, 2009

Simon Johnson on the Political Economy of Finance in the US

Thursday, April 30th, 2009

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.

In Developing Countries, Web Grows Without Profit

Thursday, April 30th, 2009

In Developing Countries, Web Grows Without Profit