In today’s major emerging countries, corruption is undermining economic performance, weakening political stability, and even endangering national security. But at what point is the cure – such as the massive purge launched by President Xi Jinping in China – worse than the disease?
May 4, 2015 believes that the benefits of rooting out corruption vastly outweigh the costs.
Aug 1, 2014 explores the limits of Chinese President Xi Jinping's anti-corruption campaign.
Jan 21, 2015 argues that the success of China's anti-corruption drive presupposes a more open society.
Sep 24, 2014 argues that rooting out corruption is not enough to ensure China's long-term economic growth.
Jan 30, 2015 highlights increasingly effective international efforts to rein in illicit financial transactions.
Oct 16, 2014 shines a light on the coal industry's corrupting influence.
Unlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks from the Sino-American trade and technology war. And trying to undo the damage through never-ending monetary and fiscal stimulus will not be an option.
The Communist Party of China would like the mainland Chinese population and the rest of the world to believe that the ongoing, sometimes violent protests in Hong Kong pose a threat of "terrorism." But the truth is that China has only itself to blame for pushing the city's idealistic youth into the streets once again.
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