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How Xi Jinping is Ruining China’s Dream of a Century of Dominance

Xi Jinping’s ascend to power in 2013 meant there was no doubt that this century would be China’s century – an economic heavyweight on a historically unparalleled upward trajectory. But all of this has changed now, and almost all of it can be traced back to Xi himself. Xi Jinping’s government holds a great deal…

How coronavirus sparked a wave of innovation in India

Entrepreneurs and innovators across India have responded quickly to the challenge posed by the COVID-19 pandemic. Around the world, social distancing and contact tracing have been the buzzwords of the response to COVID-19. A particular problem as lockdowns begin to ease will be how to stop the virus spreading in public spaces such as airports or…

Why Are Fossil Fuels So Hard To Quit?

We all understand that humanity’s use of fossil fuels is severely damaging our environment. They cause pollution and cause lasting harm to the climate of our planet. Nonetheless, meaningfully changing our ways has been very difficult. With billions of people recently under stay-at-home orders and economic activity plunging worldwide, the demand for and price of…

The Economic Consequences of Disrupted Global Supply Chains

For nearly three decades, global supply chains were the quiet engines of economic globalization. From 1990 to 2008, they drove the rapid expansion of trade, accounting for 60-70% of its growth. More than a decade later, however, they have stalled – and may in some areas be going into reverse. The COVID-19 pandemic has caused a supply-shock…

Managing the coming $30 trillion deficit while restoring economic growth

As they continue to grapple with a global pandemic, governments will need to manage deficits and debt-payment plans while finding the best ways to support economic recovery. Deficits worldwide could reach $9 trillion to $11 trillion in 2020, and a cumulative total of as much as $30 trillion by 2023. Governments will need to find…

Coronavirus tracked: the latest figures as countries fight to contain the pandemic

The human cost of coronavirus has continued to mount, with more than 8.25 million cases confirmed globally and more than 441,300 people known to have died. With the World Health Orgainsation declaring the outbreak as a pandemic, the virus has spread to more than 200 countries. The Financial Times have provided an up-to-date visual narrative of…

Reopening the World

COVID-19 has shattered economies and societies around the world, upended government plans and business operations, and challenged the fabric of many communities. The effects are far-reaching, and leaders are seeking to understand how they reopen their countries and what are the lessons from other nations. Brookings’ latest publication discusses the reopening in several different countries,…

Coronavirus destroys jobs and worsens inequality, with or without full lockdown

The Coronavirus has plunged the world into the worst economic crisis since the Great Depression. But lifting lockdown measure may not rescue their economies to the degree they hope. Evidence from South Korea, which never shut private businesses, tells a cautionary tale. Taiwan and South Korea are also in midst of an economic downturn, although not as severe as…

The Bio Revolution: Innovations transforming economies, societies, and our lives

A confluence of advances in biological science and accelerating development of computing, automation, and artificial intelligence is fuelling a new wave of innovation.  This Bio Revolution could have significant impact on economies and our lives, from health and agriculture to consumer goods, and energy and materials. New biological applications are already improving our response to global…

Asia Scotland Institute