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Addressing China’s local debt problem requires fiscal reforms to increase local revenues. Sustaining growth also requires expanding the role of private firms and a more efficient urbanization process.
As Russia prepares for the Winter Olympic Games in Sochi, two terrorist attacks in Volgograd raise questions about security at the games and throughout the country.
All successful development stories, from the United States to Korea, involved the same unbalanced growth trajectory China is now on, and they only rebalanced once they reached high income.
At December’s European Council summit, European defense topped the agenda for EU leaders. One key issue under discussion was pooling and sharing of military capabilities.
Restoring the kind of stability that would allow the Egyptian government to make clear economic decisions is going to require not just a government in control, but also a government that has a lot more consensus.
The protests in Ukraine are a warning to all post-Soviet authoritarian states that the same thing may occur at any time in their countries and are likely to serve as a pretext for the authorities in Russia and in Central Asia to tighten their control.
Neither the opposition leaders nor President Yanukovych know how how hard they can push back as they struggle to find a solution to rising tensions in Ukraine.
NAFTA essentially tries to build a more integrated North American economy.
The big winners of Egypt’s constitutional draft are the very institutions that overturned the Morsi government.
Putin’s Eurasian Union would be a set of political and economic structures, similar to the EU, that Russia would dominate. But this vision comes with a price; Ukraine’s economy is in trouble, just as Russia is suffering from low economic growth.