foreing affairs sept_0 Courtesy: Foreign Affairs
28 August 2012

Stimulus or Reform?

Since weak demand is at the heart of the recession, governments need to enact stimulus programs along with structural reforms, argues Menzie Chinn. Structural reforms don’t always work out, writes Karl Smith. Raghuram Rajan demurs.

foreign affairs july_2 Courtesy: Foreign Affairs
1 July 2012

How India Stumbled

Just a few years ago, India seemed on the brink of becoming the world's next great power. Today, its future appears less certain. Although some have blamed the global economic recession, the real problem is domestic - namely, the centralized, secretive and arbitrary political culture that pervades New Delhi.

foreign affairs november issue cover Courtesy: Foreign Affairs
1 November 2011

Is Indonesia Bound for the BRICs?

As Indonesia hosts a number of high-level summits this year, it looks set to take its place among the world’s economic superstars. But celebrations are premature: although Indonesia has made great strides, its gains are reversible. To continue to prosper, Jakarta must address rampant corruption and poor governance

foreign affairs MayJune2011 Cover_140x170_0 Courtesy:
1 May 2011

Getting the military out of Pakistani politics

Pakistan is unlikely to collapse anytime soon, but the imbalance of power between its civilian and military branches needs to be addressed if it is to become an effective modern state. Washington must stop coddling Pakistan’s military and instead work patiently to support the country’s civilian authorities.

cover1 (1 of 1) Courtesy:
1 September 2010

Not Ready for Prime Time

The world’s leading international institutions may be outmoded, but Brazil, China, India, and South Africa are not ready to join the helm. Their shaky commitment to democracy, human rights, nuclear nonproliferation, and environmental protection would only weaken the international system’s core values.

Manny and Hu_1 Courtesy:
6 January 2010

Letter from New Delhi

Tensions over visas and diplomatic standoffs between India and China serve as a precursor for the bitterness that will ensue in their relationship unless there are significant advances in the bilateral relationship