Sanjeev Sanyal

In praise of global imbalances

SINGAPORE – In recent weeks, there has been a chorus of opinion arguing for a sharp increase in global investment, particularly in infrastructure. Former US Treasury Secretary Lawrence Summers asserted that public investment really is a free lunch, while IMF Managing Director Christine...

Saturday, November 22, 2014, 12:00 AM

Who will run the world’s deficits?

These days everyone seems to want to run a current-account surplus. China has long run large surpluses. The eurozone is now running even larger ones, with swings in southern Europe augmenting Germany’s longstanding surpluses. Indeed, countries from Singapore to Russia are running large...

Friday, November 8, 2013, 12:00 AM

Who are tomorrow’s consumers?

SINGAPORE – Luxury-brand companies’ stock prices plunged in July, after their financial results disappointed investors, owing largely to slower sales in emerging markets, especially in China. Meanwhile, news reports indicate that high-end shopping malls in India and China are...

Monday, August 13, 2012, 12:00 AM

SERVING CONSUMER NEEDS: The Customisation Revolution

NEW DELHI ­– The last two decades were the era of hypermarkets – massive superstores that could dazzle customers with an astonishing array of standardised products. But there are signs that the superstore’s age of dominance may be over. In recent months, hypermarkets around...

Monday, March 26, 2012, 12:00 AM

The Dollar’s Long Tail

NEW DELHI – The ongoing economic crisis and the persistent deficits of the United States have increasingly called into question the dollar’s role as the world’s anchor currency. Recent moves to internationalize China’s renminbi have led to anticipation of a looming shift in the global monetary...

Tuesday, November 29, 2011, 12:00 AM