As the fastest growing economy in 2011 and with projections for a continued high growth rate, Mongolia is faced with the challenge of managing its mineral resources without falling prey to the resource curse. Munkhbaatar Davaasambuu, a native of Mongolia, provides insight into these issues.
Regional instability has led to high oil prices, forcing world leaders to reconsider strategies to stabilize prices. Martin Vladimirov examines the dynamics of oil prices affecting the pursuit of long-term solutions for sustainable development.
With revolutions in full swing across the Middle East and natural disasters occurring thick and fast, it may seem like the world as we know it is crumbling around us. However, Western societies have sometimes proved extremely resilient in the face of adversity. Radu Burnete uses Florence as a prime example of a civilization that survived a banking collapse, a currency shock, wars and the Black Death, all piled on top of each other in the span of less than a decade.
The world economy is experiencing changes in both saving and investment behavior that are having implications for the configuration of current account imbalances. China has experienced a tremendous increase in its saving rate especially during the last decade, and has emerged as a significant capital exporter. The international economic and financial consequences of this development is highly debated. However, the emphasis on the significance of the aging Chinese population is still somewhat downplayed, argues Ascha Lychett Pedersen