Showing 1 - 4 of 4
No happy ending after Sheikh Hasina's downfall
News, Mihir Sharma, Published on 09/08/2024
» It might look like the replacement of Bangladesh's long-serving prime minister, Sheikh Hasina, by Nobel laureate Muhammad Yunus is a happy ending for a country that seemed to be inexorably sliding towards authoritarianism. After all, Ms Hasina's rule had become so paranoid that she even burned political capital on persecuting Dr Yunus, widely feted for his role in rural development in Bangladesh and beyond. But, although Ms Hasina's exit was overdue, what comes after might wind up being worse.
US reign at World Bank must end now
News, Mihir Sharma, Published on 08/02/2019
» In many ways, David Malpass, whom US President Donald Trump nominated to head the World Bank, is an unsurprising choice. He's a senior Treasury official overseeing international affairs. Plus, his background absolutely screams "Trump nominee": He isn't a woman (Indra Nooyi, formerly of PepsiCo Inc, was being considered). He is an outspoken critic of the institution he is now to head (recall Scott Pruitt's tenure at the Environmental Protection Agency). And he has a controversial Wall Street background (he was chief economist at the ill-fated Bear Stearns), as well as some embarrassing calls in his past (he wrote a Wall Street Journal op-ed in 2007 insisting that the housing market couldn't pull down the broader economy).
Monsanto clash bad for innovators
News, Mihir Sharma, Published on 31/08/2016
» Monsanto's many battles with the Indian government have typically been cast as clashes between poor Indian farmers and a giant multinational that's overcharging for its genetically modified seeds. And certainly, the US agriculture giant isn't the most sympathetic of companies. Its seeds are indeed expensive and, in the case of cotton, no longer deliver the returns promised as resistance builds up.
Butter before guns please, Mr Modi
News, Mihir Sharma, Published on 17/06/2016
» The breathless excitement that surrounded Indian Prime Minister Narendra Modi's visit to Washington, DC last week wasn't completely undeserved. By pushing forward Indo-US defence and strategic ties -- in spite of considerable domestic opposition to any de facto alliance -- Mr Modi can claim to have made India stronger. Yet unless he puts similar effort into fixing economic relations between the two nations, much of that progress could be at risk.