Economics and Globalization | Wilson Center

Economics and Globalization

New Delhi's Plan for Economic Recovery: What Is It, and Can It Work?

Despite its overwhelming victory in Parliamentary elections in May 2019, the Narendra Modi government in India has failed to reverse a deepening economic slowdown underway for more than a year. On February 1, New Delhi presented a new budget and unveiled its strategy for dealing with the downturn, and for reviving investor and consumer confidence for the remainder of the government’s five-year term. Suman Berry, a noted Indian economist and Wilson Center global fellow, will analyze this new strategy and identify potential markers of success for the coming year.

Davos and Stakeholder Capitalism 2.0

When Klaus Schwab founded the World Economic Forum in 1971, his goal was to enhance corporate management so that all stakeholders, and not just shareholders, would come together to envision paths to longer-term growth. Nearly five decades since then, the Forum’s flagship annual event at the Swiss ski resort of Davos has undoubtedly been a huge success as a multi-stakeholder magnet. Its ability to attract titans of industry, world leaders, celebrities, and the hyper-wealthy is second to none. From its conception, Davos was never about a social revolution.

Infographic | Above the Permafrost: Flows of Goods and People

China and the South China Sea

Southeast Asia is bound to China by geography. Viewed from China, the region is a southern appendage to China, one fragmented into a number of relatively small countries. Ethnographers believe all the major long-established populations in that region originally migrated from China – pushed south over millennia by the expanding numbers of the Han people. Some of those populations, notably the Thai, retain a close affinity to China because substantial numbers of their coethnics still live in southern China.

Merissa Khurma on "Ready for Work" at the Doha Forum 2019

Merissa Khurma, lead author of, "Ready for Work: An Analysis of Workforce Asymmetries in the Middle East and North Africa" discusses the key findings and policy recommendations at the forefront of her research at the Doha Forum 2019. Among the major findings are the need to reform education systems to develop "soft" or essential skills, confronting stigma surrounding technical and vocational training, and the lack of women entering the workforce.

Ukraine Quarterly Digest: October–December 2019


The end of the 2019 was an intense period in Ukraine. On the one hand, political scandals cast a shadow on the new administration’s efforts to move forward on its campaign promises. On the other hand, President Zelenskyy and his team achieved some progress on war-related issues and in Ukraine-Russia relations. This has somewhat eased the situation in the Donbas. A second prisoner exchange took place, and a new gas war was prevented through a last-minute agreement with Russia.



A New Decade, New Trajectory for the Brazilian Economy?

Brazil wrapped up 2019 with GDP growth estimated to be no more than 1.17 percent—hardly cause for excitement after a decade in which Brazil grew 3.6 times slower than the average for emerging and developing nations—but hopes are higher for 2020. The Brazilian government predicts the economy will grow 2.4 percent this year, encouraged by new economic policies, low inflation and higher consumer confidence, and the passage of pension reform in October 2019.  

Cleaning Up Ukraine's Banking Sector: Notorious “Alpine Schemes” Are a Setback


Moscow’s Post-Soviet Integration Dreams: History, Economics Play Roles


Russian president Vladimir Putin hosted leaders of the Eurasian Economic Union (EEU) in an informal summit in Saint Petersburg on December 20. The format of this year’s gathering was a bit different from previous years as the leaders of the Commonwealth of Independent States (CIS) also arrived in Saint Petersburg to make it a joint informal summit of the EEU and the CIS.

The Lithium Triangle Initiative: South America's Lithium Triangle and the Future of the Green Economy



As the global community pursues sustainable economic development, lithium is playing an increasingly critical role. The metal is used for rechargeable batteries in electric vehicles and for the energy storage needed to expand renewable energy. As a result, global demand for lithium is expected to grow rapidly, and supply will have to keep pace.