Author : International Finance Desk

Nobel Prize-winning economist Arthur Lewis once argued that development is inevitably inegalitarian, because it does not occur in every part of an economy at the same time. The growing income inequality in [People’s Republic of] China will be in focus at the annual sessions of the National People’s Congress and the Chinese People’s Political Consultative...

The Leaders of China have indicated their intentions to focus on the quality, efficiency and sustainability of growth. This Signals their willingness to reform. The Chinese People’s Political Consultative Conference and the National People’s Congress are holding their annual sessions against the backdrop of a once-in-a-decade leadership transition. The new leaders face high expectations. Addressing...

South Asia Regaining Momentum but Facing Risks WASHINGTON, D.C. — South Asia is regaining its economic momentum, but the recovery in the world’s region with the largest number of poor people could falter in the absence of a stronger investment climate, said the latest South Asia Economic Focus report of the World Bank. According to the report, the combined...

Cyprus did manage to secure a billion bailout from international lenders, but the apparent relief has come at a terrible cost; a cost that might serve as a pretext to the painful collapse of Eurozone After weeklong deliberations and an ill-conceived plan to prevent Cyprus from exiting the Eurozone, members of European Parliament and the...