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This Sri Lankan election, shaped by the aftermath of the 2022 economic crisis and the Aragalaya uprising, is marked by a shift in public focus towards

The return of a socialist President in France since Mitterand's victory in 1981 confirms a trend in Europe which, instead of lifting the mist, is adding to the fog. The other day, David Cameron, who has never quite found his feet, had egg all over his face.

All over Europe, the new mantra is austerity. Though India's exports have been doing well since last month, this may not be sustained in the future if our big trade partners are busy tightening their belts and trade credits dry up.

In Prague, the expensiveness of the custom of burial has become an issue. And this issue is of relevance to most urban societies including ours as pressure on urban land will result in pressure on graveyards.

Today the two biggest countries in the world - the US and China - are playing in the world arena on their own terms. Jobs are, indeed, something to be worried about because not only is there a threat of a deflationary spiral in the US but there is also a huge fiscal deficit. This means austerity (decline in demand) and job losses.

This paper dissects the causes behind Pakistan’s ongoing economic crisis. The causes include dwindling forex reserves, the phenomenon of ‘galloping inflation’, a falling Pakistani Rupee, uncompetitive and undiversified export basket, burgeoning external debt, lack of fiscal prudence, debt distress, and a worsening business environment—all cascading to a balance of payment crisis. While austerity measures, appeals for loan rollover to debt

The coming to power of a Left-leaning Syriza government in Greece is not because people supported their ideology but they wanted to protest against the economic stagnation caused by austerity programme, says Ramon Perez-Maura, Assistant Editor of leading Spanish daily, ABC.

Greece may be far away from India but the lessons to be drawn are many. Bringing down fiscal deficit through harsh austerity measures has brought Greece to the brink. India should also not cut the important social sector spending in order to bridge the fiscal deficit.

With the upcoming 3rd India-Africa Forum Summit (IAFS-III) this month, Prime Minister Modi is set to prove a point to the country that he indeed follows a proactive foreign policy with exuberance and austerity. IAFS-III seems to be critical for reshaping and nourishing historical India-Africa ties and is considered as not just another diplomatic event.

Pakistan, over the past six decades, has been the recipient of repeated bailout packages from the International Monetary Fund (IMF). The 2024 IMF programme is the country’s 24th. While the loan provided temporary financial relief, Pakistan failed to use the opportunity to implement structural reforms, such as expanding the tax base and addressing chronic political instability. Austerity measures, as required in the IMF bailout plan, have only e

Nearly 100 million people are said to have been lifted out of poverty in China since 2012, coinciding with President Xi Jinping's reign as general secretary of the Chinese Communist Party (CCP). Indeed, closing the income gap is a stated goal of the 14th Five-Year Plan (2021-25) and part of the CCP's objectives till 2035. As resentment of the rich has grown, especially during the COVID-19 pandemic, Xi has encouraged the wealthy to embrace austeri

The early years, particularly the first 1,000 days, are a critical period in a child’s development, with lifelong impacts. Evidence shows that one of the most effective strategies for economic growth is investing in the developmental growth of at-risk young children. However, early childhood development (ECD) programmes are severely challenged by the sheer scale of need in the face of early childhood care and education losses due to COVID-19 me

The economic and social problems of the European Union (EU) have not been fully resolved since the euro zone crisis. This issue brief walks the reader through the genesis of the crisis, the reforms and the bailout packages implemented; discusses the adverse consequences of austerity and proposes alternatives; and ends with implications for India.