Middle-east Arab News Opinion | Asharq Al-awsat

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London’s ecosystem will be hard to replicate. Photographer: Leon Neal/Getty Images

Can London Survive?

by Satyajit Das | Jun 30, 2017 | Business, Opinion

Ever since Britain voted to leave the European Union, analysts have debated the City’s fate. In 2016, the British financial services sector employed more than 1 million people (3.1 percent of all UK jobs) and contributed around 7.2 percent of the UK’s total gross...

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A taxi passes by an advertisement for the Uber car and ride-sharing service displayed on a bus stop in Paris, France, in this March 11, 2016 file photo. REUTERS/Charles Platiau/Files

Innovation Won’t Overcome Stagnation

by Satyajit Das | May 31, 2017 | Opinion

Innovation, everybody hopes, will rescue the world from economic stagnation. I’m not so sure. The extent to which an innovation is significant depends on the degree to which it alters existing activity or the performance of a function. It must create related and...

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A money dealer counts US dollar notes at a money market in Karachi. AFP

‘Reform’ Isn’t the Answer for Everything

by Satyajit Das | Feb 15, 2017 | Opinion

Nearly a decade after the global financial crisis, the recovery remains disappointing and nothing — neither massive fiscal stimulus, nor record-low rates, nor generous injections of liquidity by central banks — seems to be helping. Policymakers from...