When candidates flip-flop, their poll numbers suffer, but when countries flip-flop, entire economies suffer. This scenario is playing out in India after the government flip-flopped on its decision to allow retail giants such as Wal-Mart to own a majority 51% stake in joint operations with a local partner.

Lachman pushes for a floating exchange rate in theGulf countries.

Alex J. Pollock was interviewed by Institutional Risk Analytics to discuss his ideas for abolishing the Financial Accounting Standards Board and the need for meaningful financial reform legislation.

Expectations of falling prices would deepen the economic downturn.

The currently strong Russian economy may soon be slowed down.

China's inflation rate has reached a point where it is sparking social unrest. The world's second-largest economy faces some fundamental choices if it is to restore stability.

In Argentina, anappreciating currency can help to reduce inflation without compromising a country's long-term growth prospects.

The breakdown of the euro is an imminent and ominous threat to the global economy.