Economics

Will this New Route Improve Pakistan and China’s Economy?

Will this New Route Improve Pakistan and China’s Economy?

By Tayyab Baloch, Multimedia Journalist
Location Pakistan Pakistan

Experts, government officials and locals have high hopes for a new Pakistan-China Economic Corridor to bring prosperity and security to the region. Gilgit-Baltistan/Islamabad — A 40-year old local trader Muhammad Ali Rocky was extremely tired but he still had to cover a long distance in a boat towards his hometown through the artificially formed Attabad Lake carrying China-made electronic goods, some 144 km from Gilgit, capital of Gilgit-Baltistan. On his way back to his homeland Gilgit, […]

June 4, 2014 · 0 comments · Business, China, Economics, Pakistan
What You Should Know About the Russian-Chinese Energy Deal

What You Should Know About the Russian-Chinese Energy Deal

By Binoy Kampmark, Lecturer at RMIT University, Melbourne
Location Australia Australia

The Russian-Chinese energy deal concluded on May 21 has been treated as an ominous development for various powerhouses of the West. Over the course of 30 years, the $400 billion deal will involve piping natural gas from Russia’s Far East to China. Students of the energy markets are thrilled and troubled in equal measure, seeing links in the deal venturing as far as Ukraine’s crisis, and the broader implications of global supply and consumption. There […]

June 1, 2014 · 1 comment · Business, China, Economics, Russia
BANGS Shoes Kickstarter Campaign Doubles Initial Goal

BANGS Shoes Kickstarter Campaign Doubles Initial Goal

By Hannah Davis, Founder and President of Bangs Shoes
Location United States United States

When BANGS Shoes learned about the power of Kickstarter, we knew it was something we had to pursue. We are BANGS Shoes. Empowerment is the cornerstone of our business model and philosophy, linking the sale of BANGS Shoes to real, social change. When you buy BANGS Shoes, 20 percent of net profits are invested with entrepreneurs around the world through our nonprofit partner, Kiva. In a marketplace that’s abundant with brand’s “doing good,” BANGS Shoes […]

Where is the World’s Next Investment Hotspot?

Where is the World’s Next Investment Hotspot?

By Chia-an Chan, Graduate Student in International Relations at New York University
Location United States United States

Chinese leaders are walking on a tight rope as they try to balance the need for political-economic reforms with a potential economic downturn. They are conducting reforms because (1) Real estate construction accounted for as much as 16 percent of GDP in 2013. (2) China’s debt-to-GDP ratio in upwards of 200 percent in 2014. As a result, in 2014, China’s growth slowed sharply to 7.2 percent in the first quarter, only marginally better than 6.2 […]

May 4, 2014 · 0 comments · Business, China, Economics
Will Sanctions on Russia cause Backlash to the Global Economy?

Will Sanctions on Russia cause Backlash to the Global Economy?

By Kaiyu Li, Graduate Student in International Relations at NYU
Location United States United States

Russia’s $2 trillion GDP could shrink by 1.8 percent if the West imposes more sanctions. On Apr 28, the US and EU imposed a new round of sanctions on Russia, as President Obama put it, “the goal is not to go after Mr. Putin personally, but to change his calculus.” The sanctions are aimed at 17 banks, energy companies, investment accounts and other firms controlled by four billionaires, who are viewed as part of President […]

May 1, 2014 · 0 comments · Business, Economics, Russia
China is not Ready to Become the Next Superpower

China is not Ready to Become the Next Superpower

By Yan Cong, Graduate Student in Political Science at New York University
Location United States United States

After more than 30 years of rapid economic growth, China now has become the second largest economy in the world. However, although many people see China as a rising superpower and will take over the United States’ leading position within a few years, China is still far from being a superpower. Economies of scale, or conditions which cause the average cost of producing something to decline as the volume of its output rises, has long been regarded as […]

April 27, 2014 · 0 comments · Business, China, Economics
Business of Business isn’t just to do Business

Business of Business isn’t just to do Business

By Gajanan Khergamker, Independent Editor and Legal Counsel
Location India India

Why should corporates be forced to do something that the state ought to? Bound by law to be “socially responsible,” following the new Companies Act 2013 that makes CSR mandatory, there’s a huge sense of dissent among corporates and expectedly so. As the corporate world mostly views the business of business being to do business, social responsibility is perceived as being “primarily” the job of the state. In keeping with Indo-American Chamber of Commerce’s (IACC) […]

April 27, 2014 · 0 comments · Business, Economics, India