The sub-prime problem may not be a big deal in itself. But it\’s a symptom of a bigger problem in the real economy: the bursting of the US housing bubble… The US is not the only market with a housing […]

Ten years ago, the Asian financial crisis sma-shed markets and economies globally. Today, another financial crisis is brewing in the US mortgage market. Is this a small problem that will soon be resolved? Is it a serious problem that will

Earlier Indian companies cooked their books, kept profits black, and rigged their share prices up. Once foreign investors entered the market, they marked down the price of dodgy companies while paying high prices for companies with good standards. Some Indians

It’s the 10th anniversary of one of the most successful international trade agreements India has signed. But nobody is celebrating it. Indeed, the remarkable fact is that few have even heard of it. This is the Information Technology Agreement (ITA)

This is flawed thinking. First, fears of the world running out of raw materials occur every few decades, and have always proved false. Second, even if some commodities do indeed get scarce, that will increase the chances of foreign investors

Recently, I was asked to speak at the Aspen Institute on India\’s strategy for global economic dominance. I said I disliked the concept of dominance. India\’s rise, like China\’s rise, represents global interdependence, not a new group of dominators. Tata\’s