Harsh and I have co-authored a piece on America’s presidential election:
Early next month, Americans will decide whether to re-elect Democrat Barack Obama as President or vote in Republican Mitt Romney instead. Reports of America’s decline have been greatly exaggerated—it remains the world’s most powerful nation, although it does run the risk of being eclipsed by China in a couple of decades. With the global economy still struggling and tensions in the Middle East still high, a presidential election in the US is bound to have far-reaching consequences beyond American shores. A Romney victory will be better for economic growth in America and will weaken the renewed global allure of interventionist or authoritarian state capitalism that is more likely to end up in crony, rather than competitive, markets.