INTERNATIONAL. Classical political economists like Adam Smith or David Ricardo never used the term “economy” by itself. They always used the term “political economy.” For classical economists, it was impossible to understand politics without economics or economics without politics.
The two fields are certainly different but they are also intimately linked. The use of the term “economy” by itself did not begin until the late 19th century.
Smith understood that while an efficient market would emerge from individual choices, those choices were framed by the political system in whi
INTERNATIONAL. Unexpected developments can catch the herd wrong-footed and spark major movements when the masses scatter at the same time. When that occurs, those who resisted the herd may find themselves rewarded. We believe that we are approaching such a point.
INTERNATIONAL. In an open letter, EDHEC-Risk Institute has expressed its concern about the new draft text which is being proposed for a vote on March 9, which plans to remove all obligations of transparency from the initial project for regulation of indices used as benchmarks.
INTERNATIONAL. This isn't about Netanyahu and Obama, and both know it. It is about the reconfiguration of a region the US cannot subdue and cannot leave. It is the essence of great power strategy: creating a balance of power in which the balancers are trapped into playing a role they don't want.
UAE. According to a poll of over Gulf-based 100 healthcare professionals, 84% of respondents believe the UAE is the number one in terms of being a viable home for companies looking to invest in the Gulf with the aim of transferring knowledge.