Latin America: The Region Raging with Potential
Latin America, a region endowed with vast resources and a large population has the makings to be a successful world economy. However, that is far from reality. In the early 1960s, Latin America’s per capita income was more than double that of East Asia. Nowadays, however, the region lags behind with none of its countries…
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Does China need to deregulate its economy?
For years, economists and political scientists studied the relationship between government institutions and economic growth – mainly the association between democratic institutions and economic development within a state. The general consensus was that although democracy does not directly lead to economic development, higher human capital accumulation, lower inflation, lower political instability, and higher economic freedom usually were prerequisites for development. Furthermore, economic sources of growth, like education levels and lifespan, through improvement of academic institutions as well as healthcare were all present in democracies. Read for more on how in recent years, China has challenged these conventional political norms greatly.
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China, Real-Estate & Evergrande. Operation Damage Limitation.
At the time of writing, whispers grow that Evergrande, the Chinese real-estate developer, will default on $82.5 million in interest payments. Al-Jazeera notes how the failure to make the payments on a public bond would “trigger cross-defaults on all the company’s about $19 billion of bonds on the international capital markets” earning Evergrande a place in the history books as China’s largest ever defaulter to date, obviously sending ripple effects across the economy. This article unravels why the Chinese real-estate market poses a stern challenge to local, national and monetary officials.
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The Irreversible Macroeconomic Impacts of COVID-19 on India
Over the past decade, India’s stance in the global economy has become irrefutable; making it a powerhouse that fuels and guides multiple sectors. Moreover, the Indian economy was just beginning to gain traction amongst other prominent world powers. Nonetheless, with the onset of the COVID-19 pandemic, India was faced with unforeseen challenges that the economy wasn’t equipped to battle. Read for more on how the COVID-19 pandemic proved to be an opportunistic time period that helped further develop and evolve the Indian economy.
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LSESU Developing Markets Society 