KATHMANDU, JUNE 15: After being sent back home from the Maharajgunj-based Tribhuvan University Teaching Hospital (TUTH) about a month ago, 26-year-old Ramraja Thapa has been readmitted to the hospital. Although Ramraja's family had to quarrel enough with the hospital authorities to get him admitted, the anxiety of managing money for his treatment grips them tight.

HONG KONG – There is nothing like a pandemic to expose systemic differences. For China and the United States, which were locked in an ideologically driven competition even before the COVID-19 crisis, those differences are stark. But the two countries have at least one thing in common: when this is all over, they will need to rethink their social contracts.

Keeping the economy moving

April 14, 2020 08:49 am

The coronavirus pandemic has brought everyday life to a grinding halt across the world. Even though it is early to fully comprehend the damages caused by this pandemic both on public health and economic fronts, it is feared that this crisis will be of a never-before-seen magnitude and of a cascading nature—one crisis leading to another pushing the world into economic and humanitarian chaos of biblical proportions.

China’s Global Leadership Moment?

April 6, 2020 10:03 am

BEIJING – When he welcomed US President Donald Trump to Beijing’s Forbidden City in 2017, Chinese President Xi Jinping pointed to the character “peace” in the names of all three halls of the great complex, emphasizing the Confucian maxim “Peace is prized above all.”

GENEVA, March 30: Developing countries will need a $2.5 trillion support package this year to face the economic crisis caused by the coronavirus pandemic, a U.N. report said on Monday.

KATHMANDU, March 29: Despite concerns over the risk of Covid-19 wreaking havoc on the economy, the government has become slow over its responses to come up with measures to tackle the economic fallout of the pandemic.

KATHMANDU, March 24: As the country braces for a partial lockdown in the wake of a possible risk of COVID-19 outbreak, many small businesses in the capital city have already downed their shutters.

The crisis of 2020

December 25, 2019 09:37 am

NEW HAVEN – Predicting the next crisis—financial or economic—is a fool’s game. Yes, every crisis has its hero who correctly warned of what was about to come. And, by definition, the hero was ignored (hence the crisis). But the record of modern forecasting contains a note of caution: those who correctly predict a crisis rarely get it right again.

Reason to worry for Nepal

September 12, 2019 01:30 am

Recent developments in the immediate neighborhood down south should be a matter of serious concern for us, given our complicated relations with it.

HARARE, Aug 11:  It is only a few hours since Zimbabwe’s schools closed for month-long August holidays, and 13-year-old Tanyaradzwa is already milling outside a bar “doing business,” he says.

HARARE, Jan 22: Zimbabwe’s President Emmerson Mnangagwa arrived in Harare late Monday after cutting short his fund-raising trip in order to address the country’s economic crisis and crackdown.

MOSCOW, Sept 8: Despite being on the verge of an economic crisis, Pakistan’s government has caved to pressure by hardline Islamists to cancel the appointment of a Princeton economist to the Economic Advisory Council.