The Vibrant Economy of Dharavi, India’s Largest Slum

Dharavi is located in Mumbai and considered to be one of the largest slums in the world. It has an estimated population of about one million in an area of just over 2 square kilometres. To put that into perspective, that is about a third of the size of London Gatwick Airport. Despite the challengesContinue reading “The Vibrant Economy of Dharavi, India’s Largest Slum”

Emerging Market Debt Outlook

Persistently high inflation throughout 2021 and into 2022 has forced global Central Banks to begin a tightening race to cool inflation. This has led to a massive surge in yields around the world. The Federal Reserve has thus far this year hiked 375 basis points and is expected to continue to raise rates in subsequentContinue reading “Emerging Market Debt Outlook”

Emerging Markets Called to Step Up in the Fight Against Climate Change

Following the recent COP 27 climate change summit, the DMS shifts our analysis this week towards the responsibility of emerging markets to now step up in the global effort against climate change. Known for its warm weather and luxury resorts, the Egyptian city of Sharm el-Sheikh played host to COP 27, where world leaders metContinue reading “Emerging Markets Called to Step Up in the Fight Against Climate Change”

Brazil’s 2022 Presidential Elections: Evidence in Favour of Latin America’s Second Pink Tide

On the 31st of October, Luiz Inácio Lula da Silva was pronounced the victor of Brazil’s 2022 General Election, following heated months of debate with current right-wing president Jair Bolsonaro. Lula, former union leader, and already two-time president of Brazil, rooted his campaign around the promise of improving healthcare services, exempting low earners from incomeContinue reading “Brazil’s 2022 Presidential Elections: Evidence in Favour of Latin America’s Second Pink Tide”

The African Sovereign Debt: Realities and Outlook

Debt or credit is one of the most relevant financial tools needed by countries to achieve consumption and capital expenditure goals. Sovereign debt, known in some circles as public debt, is how governments leverage domestic and foreign credit facilities to finance their investments in growth and development. Domestic credit instruments are usually treasury bills andContinue reading “The African Sovereign Debt: Realities and Outlook”

China’s Hukou System and Its Declining Growth Of Population

China, accounting for one-sixth of the world’s population, is on-route to a potential decline this year. According to the National Bureau of Statistics, in 2021, China’s population increased from 1.41212 billion to 1.41260 billion, marked a record low increase of 480,000, which is a tiny fraction of its normal annual growth of 8 million inContinue reading “China’s Hukou System and Its Declining Growth Of Population”

The Washington Consensus

The Washington Consensus was a 10-point policy drawn up in 1989, supported by the IMF, the World Bank and the US treasury, to act as a neo-liberal direction to lifting developing countries out of their debt crises. With Mexico and Argentina declaring their inability to service their debt in 1982, 27 more countries followed suitContinue reading “The Washington Consensus”

Big Data: A Force for Positive Social Change in Developing Economies

In Kampala, the capital city of developing Uganda, operates the largest dataset on microfinancing for the poor and unbanked. Grameen Foundation, a survey platform, has set up an AppLab with tools to make use of information stemming from its clients’ microfinance transactions and related information flows. This helps them form predictive patterns to solve theContinue reading “Big Data: A Force for Positive Social Change in Developing Economies”

Charting India’s Path to Net Zero

Introduction:  The last 40 years have seen Asia rapidly develop at rates perhaps never seen before. Within several decades, average life expectancy has more than doubled, while per capita income has risen nearly eightfold in the region.   No country has enjoyed this growth boom more than India, which has experienced a remarkable 6.5% average annualContinue reading “Charting India’s Path to Net Zero”

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 countriesContinue reading “Latin America: The Region Raging with Potential”