Exposing China’s Overseas Lending

Over the past 15 years, China has fuelled one of the most dramatic and geographically far-reaching surges in official peacetime lending in history. More than one hundred predominantly low-income countries have taken out Chinese loans to finance infrastructure projects, expand their productive capacity in mining or other primary commodities, or support government spending in general.But the size of this lending wave is not its most distinctive feature.

1 November 2018
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The promise of AI in the developing world

A common misperception among observers of digital trends is that consumers in developing countries do not benefit from advances in technology. Whether it is owning the latest smartphone or “employing” robot cleaners, the ability to access innovation is one of the most visible differences between rich and poor countries.This gap has become even more pronounced since the advent of artificial intelligence (AI).

31 October 2018
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Surgery for all

On a recent trip to India, I hailed a rickshaw that was pedalled, I soon noticed, by a man with a lame leg. It turns out that a few weeks earlier, the driver had been hit by a car while navigating the busy streets of New Delhi. Although he had managed to obtain medication from a local pharmacy for the agonising pain – probably because his leg was broken – he could spare neither the time nor the money to see a surgeon.This type of tragic calculus is strikingly common.

27 October 2018
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The end of America’s China fantasy

A long-overdue shift in America’s China policy is underway. After decades of “constructive engagement” – an approach that has facilitated China’s rise, even as the country has violated international rules and norms – the United States (US) is now seeking active and concrete counter-measures.

23 October 2018
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The powerlessness of the most powerful

The annual General Debate of the United Nations (UN) General Assembly is one of the most notable events on the international diplomatic calendar. As usual, this year’s meeting, during the last week of September, brought together a long list of world leaders, although perhaps the term “world leader” should no longer be used so lightly. The president of the leading global power has made it clear that he has no interest in getting involved in resolving any of the world’s shared problems.

21 October 2018
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When agricultural workers go hungry

Food is a powerful storyteller. Our diet signals whether we cook at home, shop locally, prefer inexpensive dishes, or even think about what we eat. But the consumer side of mealtime is just one of food’s many plot lines. Food has backstories, too, none more unsavoury than this one: agricultural workers – the people who make dinner possible – are also the most likely to go to bed hungry.Every day, some 1.1 billion people – one-third of the global workforce – go to work at the world’s farms.

20 October 2018
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The global promise of digital health

In his recent best-selling book Factfulness, the late international health expert Hans Rosling shows that horrors such as natural disasters, oil spills, and battlefield deaths are trending steeply downward, and that harvest yields, literacy rates, and other development indicators are on the rise.

13 October 2018
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The new and not improved NAFTA

United States (US) President Donald Trump acts as if he has pulled off a smashing victory by replacing the North American Free Trade Agreement (NAFTA) – supposedly “the worst trade deal ever” – with the new United States-Mexico-Canada Agreement (USMCA).

12 October 2018
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Asia’s strongmen and their weak economies

United States (US) President Donald Trump grabs the most headlines, but the cult of the strongman leader is most developed in Asia. The continent abounds with rulers – including Indian Prime Minister Narendra Modi, Philippine President Rodrigo Duterte, Turkish President Recep Tayyip Erdoğan, and the strongest of them all, Chinese President Xi Jinping – who make a virtue of centralising power.Obviously, leadership styles vary.

6 October 2018
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China’s governance tightrope

Five years ago, China’s leaders decided to target modern state governance as a top reform priority. The goal of such reform is to improve the state’s capacity to adapt to the sheer size and increasing complexity of the Chinese economy, and to mitigate risk. Achieving this objective will not be easy.To understand why, and what it will take to succeed, consider how Chinese governance has worked in recent decades.

2 October 2018
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