Commentary

COMMENTARY: Trump’s Economic Thinking Misunderstands How Modern Economies Actually Work

Ankur Singh, O.P Jindal Global University -- As fears of a U.S. recession grow, policymakers continue to frame economic policies through a misleading lens that conflates government debt with household debt and views trade deficits as signs of economic weakness. This flawed narrative has contributed to damaging fiscal austerity, misguided protectionism, and heightened economic uncertainty.

Commentary

COMMENTARY: India’s Growing Debt Trap: How Rising Credit Card Defaults Reflect a Deeper Crisis

Aditi Desai, University of Mumbai -- While credit expansion and increased consumption reflect a growing economy in India, unchecked household debt accumulation can pose long-term risks. Addressing these challenges through a combination of regulatory oversight, financial education, and responsible lending practices is essential to ensure sustainable financial well-being for Indian households.

Commentary

COMMENTARY: Economic Statecraft in a Fractured World

Colin Chow, National University of Singapore -- For today's major powers, openness has shifted from a stabilizing force to a perceived strategic vulnerability. Technologies such as semiconductors, artificial intelligence, and green energy have increasingly become geostrategic assets, embedding economic policy firmly within the calculus of national security. From Washington to Beijing, industrial policy is now crafted not primarily for economic growth or efficiency, but to secure technological primacy, mitigate strategic dependencies, and safeguard core national interests.