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Economics International

Part I of IV: Why energy subsidies still exist despite inefficiencies

GRI Series on energy subsidies: Despite resolve to remove them, governments around the world continue to subsidize energy production and consumption. This series explores why. At the G20 Leader’s summit

Economics International

India holds the key to a post-Bali world trade agenda

India, a key player in earlier multilateral trade negotiations, including during the latest talks in Bali, will play an even more vital role in future WTO developments. However, Delhi is not

Finance International

Book Review: Currency Wars

In his 2011 book Currency Wars: The Making of the Next Global Crisis, James Rickards explains that we are in the third reincarnation of currency wars. He highlights the fact that

Finance International

Financial firms still overexposed to climate risk

A report released earlier in March stressed the need to address high carbon risk in financial firms’ assets. Large institutional investors continue have continued to divest from fossil fuel stocks. A

International Security

Arctic nations continue militarizing the Arctic

Arctic nations have in recent years unveiled plans to upgrade military capabilities, allowing for operations in the harsh Arctic region. Yet while these developments affirm the increased strategic value of

Economics International

Complex supply chains put businesses at risk

The last few decades have seen a huge growth in the complexity and geographical spread of supply chains. Yet, as consumer awareness of supply issues increases so does the risk

International Politics

Book Review: Great Games, Local Rules

In his recently published book Great Games, Local Rules: The New Great Power Contest in Central Asia, Alexander Cooley offers a penetrating analysis of the geopolitical maneuvering and strategies pursued

International Security

Global security spending continues to rise

Armed conflicts in the 21st century are less common than before, or at least that is what conflict focused databases have shown in the last few years. However, other forms

International Natural resources and energy

Arctic extraction sees huge potential, high risks

Massive petroleum and mineral reserves in the Arctic region are gradually becoming accessible due to climate change. However, companies face high risks as a result of large investment and operational

Economics International

Northeast Passage to revolutionize global shipping

Developing the Northeast Passage could revitalize Arctic regions, allow the shipping industry to bypass politically unstable areas and reduce travel costs and carbon emissions. But the project is dependent on