Reimaging public finance management: From spending control to delivering outcomes
For as long as governments have existed, so has public financial management (PFM). This approach has always been explicitly designed to ensure the efficiency and
The unbearable lightness of promises
When reforms are judged by their plans rather than their impact, they risk drifting into the lightness of promises unmet. An “outcome reflex” mindset restores gravity—anchoring
Speaking of debt: Framing, guilt, and economic choices
In many Germanic languages, the word for ‘debt’ also means ‘guilt’. This column explores whether the linguistic overlap leads to greater debt aversion in Germany,
Exclusive: Micron to exit server chips business in China after ban, sources say
Micron plans to stop supplying server chips to data centres in China after the business failed to recover from a 2023 government ban on its products
US weekly jobless claims decline, JPMorgan and Goldman Sachs estimate
Economists estimate weekly jobless claims fell to 217,000 from 235,000. The number of Americans filing new applications for jobless benefits fell last week, economists at
Engaging in Good SPIRIT: Advancing Corporate Governance Reforms of State-Owned Enterprises in Sarawak, Malaysia
In 2022, the World Bank and Sarawak State in Malaysia launched a State-Owned Enterprise (SOE) Transformation Program that was based on a systematic corporate governance review
The Great Divergence and the Great Reversal: A new approach to global economic history
The starkly different paths of economic and institutional development followed by China and the West is often attributed largely to the Industrial Revolution. This column
Europe’s dependence on US foreign military sales and what to do about it
Europe’s reliance on US arms raises autonomy concerns, as security worsens and leaders aim to cut strategic and technological dependence. Worries about Europe’s dependence on
Egypt’s annual inflation slows to 11.7% in September
Annual inflation has plunged from a record high of 38% in September 2023. Egypt’s annual urban consumer price inflation slowed to 11.7% in September from
UAE invests $12bln in space sector as private contribution grows: Space Agency
The agency’s strategic objective is to position the UAE among the world’s top ten countries in attracting and hosting space-related companies by 2031. Dr. Ahmad
