MSI

America’s soaring public debt and widening trade deficits have finally forced Washington to review unsustainable economic and security policies with its European allies. Trade with Europe has been a contentious issue ever since the early post-WWII years, when the new international monetary system ...

These three countries seem set to tighten up and upgrade the Eurasian and Indo-Pacific wings of a recently enlarged BRICS membership. But to do that, they have to start by broadening the scope of their own relations. India and China have a lot of difficult work to do in that area. The two countries ...

The first estimate of Japan’s third quarter GDP growth shows that trade surpluses are no longer one of the key drivers of economic activity. All the 1.6% growth in the first nine months of this year has been generated by domestic demand – private consumption, investments and government spending....

Last week set off an impressive demonstration of Asia’s regional leadership dedicated to cooperation, free trade and economic welfare. It all started with the summit of ASEAN (Association of Southeast Asian Nations) in Kuala Lumpur, Malaysia, October 25-28, 2025, where the organization welcomed Ea...

Excessive trade surpluses with the U.S., and large structural trade deficits with China, should be a serious concern for the European Council (a forum of heads of state and government) and its executive commission in Brussels. As things now stand, nothing indicates that those existential questions a...

Annual summits of ten Southeast Asian nations (ASEAN) and of the Asia-Pacific Economic Cooperation (APEC) forum will be held later this month to discuss issues of economy, trade and global security. On the margins of these meetings are planned U.S. summits with China and India. Speculations about ot...

The economy will be the central issue in the next week’s leadership election of Japan’s governing Liberal Democratic Party (LDP) that has almost continuously held power since 1955. The frontrunner is Sanae Takeichi, Japan’s former internal affairs minister. This is her third attempt to win the...

About one-fifth of India’s trade is currently conducted in East Asia. China and ten countries of Southeast Asia (ASEAN) account for most of those trade transactions. And that’s where India should concentrate efforts to integrate its economy with the fastest growing part of global demand and outp...

With its economic growth of 1.65% in the first half of this year, the European Union is hitting the physical limits to its demand and output. That partly explains the European Central Bank’s reluctance to ease credit conditions to offset fiscal tightening in several major member country economies....

America’s “trade tariffs war,” universally denounced by mainstream media, is a simpler version of provisions in the IMF’s original charter imposing symmetric obligations on deficit and surplus countries to adjust their external trade accounts. In the early years of IMF’s operation (1944-45...