The US economy is the largest economy in the world. Last year it accounted for more than 1/4th of the world’s GDP. Following the US were Japan, Germany, China and UK. In the top 10 rankings noted below, just two developing economies are represented. China and Brazil are leading the emerging economies by taking a …
The Economist Intelligence Unit publishes Sovereign Ratings on 120 countries. The ratings for developed countries are updated bi-annually while the ratings for emerging countries are updated monthly. This rating “measures the risk of a build-up in arrears of principal and/or interest on foreign- and/or local-currency debt that is the direct obligation of the sovereign or …
Many stock market indices in Asia have performed very well this year compared to developed markets. For example, China’s Shanghai Composite Index is up 59%, India’s Sensex is up 76.5%, Taiwan’s Weighted Index is up 65.5%, Singapore’s Straits Times Index is up 52.2% YTD as of Oct 12th. European indices have risen about 20-30% this …
USÂ Federal Reserve Chairman Ben Bernanke received Grade C for preventing a global economic disaster but failing to see it coming. He also shares the blame for plating the seeds of the next crisis due to the growing massive US debt. In the Central Banker Report Cards 2009 by Global Finance, there was a handful …
How do the government expenditures of USA and Norway differ?. USA follows the capitalist economic model whereas Norway is a socialist country. It is a general notion that the US spends less on social entitlement programs compared to socialist countries. When we compare the expenditures of Norway and US using the charts below, there is …
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