Every story begins with a new chapter and on June 19, 2013 began one such story. This was the story of an impending economic collapse— that of the emerging markets (EMs). The press conference then Fed Chairman Ben Bernanke held that day will forever be etched in our memories for it caused ripples, albeit financial, across the world.
However, what were ripples in the west ... Read More
In recent years, many Asian economic powerhouses have seen declines in their GDP growth rates, pushing these nations to respond by declaring specific plans to restore their erstwhile robust development. This piece examines four such nations – Japan, Singapore, China, and India – and argues that in all cases, Asian growth strategies will be ineffective at achieving their goals because they a... Read More
With a GDP over $4 trillion, a population of over 1 billion, a black market ranging from $500 billion to $1.4 trillion and an inflation rate of 10.75%, India has an intriguing economy.[i] Recently, it has been featured in the news for all the wrong reasons. The Current Account Deficit (CAD)[ii] has been widening, the Rupe... Read More