Europe and America must work to stop their relationship unravelling – Transatlantic relations


THE ATLANTIC OCEAN is starting to look awfully wide. To Europeans the United States appears ever more remote, under a puzzling president who delights in bullying them, questions the future of the transatlantic alliance and sometimes shows more warmth towards dictators than democrats. Americans see an ageing continent that, though fine for tourists, is coming […]

The struggle to reform China’s economy – Pandas can fly


FOR THE past two weeks Chinese and American negotiators have been locked in talks in Beijing and Washington to end their trade conflict before the deadline of March 1st, when America will ratchet up tariffs on Chinese goods or, perhaps, let the talks stretch into extra time. Don’t be distracted by mind-numbing details on soyabean […]

Millennial socialism – The resurgent left


AFTER THE collapse of the Soviet Union in 1991, the 20th century’s ideological contest seemed over. Capitalism had won and socialism became a byword for economic failure and political oppression. It limped on in fringe meetings, failing states and the turgid liturgy of the Chinese Communist Party. Today, 30 years on, socialism is back in […]

How young people are turning the tide against corruption


This is not filling global youth with hope for the future. Young people continue to name corruption as the biggest challenge they face, according to a survey carried out through the Accountability Lab in conjunction the World Economic Forum. And with good reason – corruption has a high cost for society and the economy. It […]

The fragmentation of the big parties – British politics


IN THE PAST few years many of the MPs in Britain’s main parties have grown increasingly unhappy. One reason Brexit has proved tricky is that the party divide does not map onto views about Europe. This week 11 moderate MPs, eight Labour and three Conservative, decided that they had had enough—and more may join them. […]

Thailand’s king blocks his sisters attempt to become prime minister – Thai politics


THE PLAN was too bold. On the morning of February 8th the Thai Raksa Chart party surprised the world. It submitted just one name to the Election Commission to run as its candidate for the office of prime minister: Princess Ubolratana. The likely outcome of an election slated for March 24th seemed to change in […]

Sweden gives all employees time off to be entrepreneurs


Anyone who’s been in full-time employment for at least six months is entitled to apply for the unpaid sabbatical, or tjänstledighet, as it’s called in Sweden. Employers can only turn the request down if the employee is vital to the business’s operations. Also, your new idea can’t compete with your existing employer, nor cause them […]

Four ways we can fix economics in 2019


A Brexiteer’s statement in the wake of the referendum in 2016 captures the frustrations felt by many under the twin forces of globalization and the Fourth Industrial Revolution. Never has the economy changed so quickly, nor with such glaring visibility of the gap between the winners and those left behind. The backlash is hardly surprising. […]

Chinese upside down digger

Chinese investment in infrastructure is often a diplomatic trap – Banyan


FOR MONTHS Mahathir Mohamad has been plucking up courage to declare that, when it comes to Chinese investment in infrastructure, his is the Malaysia that can say no. At a projected cost of $20bn, the East Coast Rail Link, planned to run down peninsular Malaysia’s eastern seaboard before cutting west, is a big deal. In […]

The top 10 European cities to launch a business in after Brexit


Brexit. Since June 2016, it’s been the word on everyone’s lips and – with fresh commentary flooding news outlets and social media every day – at everyone’s fingertips. Today, much of this discourse is fuelled simply by uncertainty. We all know how Brexit came to be, but as yet nobody knows exactly what’ll happen after […]

The steam has gone out of globalisation – Slowbalisation


WHEN AMERICA took a protectionist turn two years ago, it provoked dark warnings about the miseries of the 1930s. Today those ominous predictions look misplaced. Yes, China is slowing. And, yes, Western firms exposed to China, such as Apple, have been clobbered. But in 2018 global growth was decent, unemployment fell and profits rose. In […]

Why universities for the elderly are booming in China – The Economist explains


SEVERAL times a year, groups of silver-haired Chinese people camp out overnight. They do so in order to get prime spots to register for places at the country’s universities for the elderly. Since 1983, when China’s first such school opened, 70,000 more have cropped up across the country. They offer courses in pursuits like dancing, […]

How to survive and thrive in our age of uncertainty


We are living through an era of intense turbulence, disillusionment and bewilderment. Deepening geopolitical tensions are transforming international relations, and political tribalism is revealing deep fissures within countries. The spread of exponential technologies is upending long-held assumptions about security, politics, economics and so much more. At least two factors distinguish the current phase of globalization […]

What Countries and Companies Can Do When Trade and Cybersecurity Overlap


Jeffrey Coolidge/Getty Images Cybersecurity as a key issue for trade policy is a relatively new development. In the last few years there have been a number of news reports about various governments’ incorporating spyware, malware, or similar programs into computer-based products that are exported around the world. The governments typically have worked with private companies […]

3 ways to be a good leader in the Fourth Industrial Revolution


The world is seeing revolutionary advances in science and technology – artificial intelligence, gene editing, robotics, and so on – that have together been dubbed the “Fourth Industrial Revolution”. Success in this new era – whether that means corporate profits, macroeconomic growth, human welfare or solving the most intractable problems facing the world – will […]

Is this a turning point in the fight against slavery?


Arguably the most famous brand in the world, Apple had not only publicly taken steps to try to eradicate forced labour from its operations, it had walked away with the top prize. Despite its vast and complex networks of supply chains, the high-profile jury of experts judged that Apple was “leading the way in all […]

Carlos Ghosn, Nissan, and the Need for Stronger Corporate Governance in Japan


Westend61/Getty Images Carlos Ghosn was widely recognized as a hero in Japan for turning around Nissan when it was on the brink of bankruptcy in 1999. Things couldn’t look more different today. Ghosn was recently arrested for financial misconduct, fired from his position as Nissan’s board chairman, and criticized by Nissan’s Japanese CEO for accumulating too much power. […]