Unlike Western economies, most of the Asian economies are overly dependent on manufacturing for growth. As the demand for cheap products declines in the West, Asian countries can reduce their dependency on exports and instead grow their service sectors to boost growth according to an article by Olaf Unteroberdoerster in the latest edition of IMF’s …
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In a study titled “Public debt in 2020”, Deutsche Bank analyzed public debt sustainability in both developed and emerging markets using data for 21 emerging markets(EMs) and 17 developed markets(DMs). The results show that the public-debt-to-GDP ratio is projected to soar from just over 100% this year to 133% in developed markets. Charts: The authors …
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China and India are two of the largest fast-growing emerging countries with populations of over one billion each. After Independence from Britain in 1947, India became the world’s largest democracy with a closed economy primarily based on agriculture. In 1949, Communist leader Mao Zedong took control of whole of mainland China and established a communist …
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The graphic below shows the change in composition of World GDP over the last 500 years. The economy of China and India were much larger in the 16th,17th, 18th and 19th centuries than they are today.Both the economies started to shrink from the 1850s. However they are growing at an increasing pace with China’s GDP …
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Rising health spending is adding more pressure to government budgets according to a recent health data report by the OECD. In all OECD countries health spending is rising faster than economic growth. The average ratio of health spending to GDP rose from 7.8% in 2000 to 9.0% in 2008. Growing health care costs with falling …
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