PwC, a prominent financial services firm better known as PricewaterhouseCoopers, has published a report on the future of the global economy, which is projected to more than double between now and 2050. In the span of just 14 years, today’s 32 largest economies — which together comprise 85 percent of global GDP — will experience highly divergent fortunes, as current heavyweights will cede ground to up and coming powers. Continue reading
In an achievement as symbolic as it was substantive, India’s economy has overtaken that of the United Kingdom, its former colonial master, to become the sixth largest in the world by GDP, after the United States, China, Japan, Germany, and France. The last time its economy was larger than the U.K.’s was 150 years ago, when it was the second largest in the world after China. (Indeed, the two Asian giants were for centuries the biggest economies in the world prior to the age of European exploration and colonialism.) Continue reading
As an almost life-long Russophile — despite not remotely having any roots or personal connections to the country or its people — I have always been fascinated by Russian culture, society, history, and politics. For better or worse, few nations have had so much presence and influence on the world stage, and while my love of all things Russia certainly does not include its government or foreign policy, I recognize the importance of better understanding this still relevant — some say resurgent — global power.
Over at Foreign Affairs (one of my favorite international relations journals), Stephen Kotkin explores Russia’s long history of trying to achieve greatness, defined “by soaring ambitions that have exceeded the country’s capabilities”. It is equal parts tragedy and glory, with every victory coming at great cost (the defeat of Napoleon and Nazi Germany), and every instance of power and global status being tenuous (the perennial political and economic stagnation of the Soviet period throughout the Cold War).
There are five countries that are legally recognized as nuclear weapons states, according to the terms of the Non Proliferation Treaty (NPT), which has been signed by 191 nations: the U.S., Russia, France, U.K., and China.
Additionally, three other countries that are not signatories of the NPT have acquired nuclear weapons — India, Pakistan, and North Korea — while one country, Israel, has not signed the NPT and is not positively known to have nuclear weapons, although it is believed by most analysts to possess them. (For its part, the Israeli government pursues an official policy of “deliberate ambiguity“, in which it refuses to either confirm or deny rumors that it posses nuclear weapons.) Continue reading