In Capital Offence award-winning investor Paul Musson shows how the world is becoming increasingly divided on many fronts. One of the root causes of this is that well-intended policymakers have drunk the something-from-nothing Kool-Aid and are convinced that there is such a thing as a free lunch. There isn't. They believe that debt-fueled spending ......
People ask what is going wrong with the world, with new wars, extreme populist movements, climate breakdown, poverty, inequality and exclusion. There is a sense of unease, that 'things are falling apart', which is reflected both in global insecurity; a seeming failure to effectively negotiate or mediate in desperate wars (Ukraine, Sudan. Gaza) and ......
A Study of the Imperialism of Trade (Updated Edition)
How one nation can grow rich at the expense of another is one of the central problems of economics in the era of neo-colonialism. Traditional doctrine, resting on Ricardo's theory of comparative costs, which has dominated investigation of this issue for a century and a half, has proven itself incapable of providing an answer. Emmanuel's ......
The outlook for the global economy has darkened. Global financing conditions have tightened, industrial production has moderated, trade tensions have intensified, and some large emerging market and developing economies have experienced significant financial market stress. Faced with these headwinds, the recovery in emerging market and developing ......
World Development Report 2025 argues that setting and enforcing standards across the economy, society, environment, and government are the heart of the development process. Standards can be used as a tool for development, quickening progress towards the sustainable development goals.
International Debt Report (IDR) is a longstanding annual publication of the World Bank featuring external debt statistics and analysis for 120 low- and middle-income countries and Guyana that report to the World Bank Debt Reporting System (DRS).
In The Profligate Colonial, Lisandro E. Claudio reveals how austerity, long before it became a buzzword of modern technocracy, was a tool of US empire. Austerity is often praised as prudence in hard times, a responsible response to crisis. In the Philippines today, it is treated as common sense, an unquestioned commitment to a strong currency, ......
Trade in War is an urgent, insightful study of a puzzling wartime phenomenon: states doing business with their enemies. Trade between belligerents during wartime should not occur. After all, exchanged goods might help enemies secure the upper hand on the battlefield. Yet as history shows, states rarely choose either war or trade. In fact, they ......
How Social Relations Avert Global Financial Collapse
In Bankers' Trust, Aditi Sahasrabuddhe reveals a crucial element behind the resolution of global financial crises: trust between central bank leaders. Central bank cooperation during global financial crises has been anything but consistent. While some crises are arrested with extensive cooperation, others are left to spiral. Going beyond ......
