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BRICS and BRICS Plus: Unlocking growth potential
BRICS nations, comprising Brazil, Russia, India, China and South Africa, gathered in Johannesburg, South Africa on July 25, 2018 for their 10th summit, “BRICS in Africa: Collaboration for Inclusive Growth and Shared Prosperity in the Fourth Industrial Revolution.”
India chugging along but needs more firepower
India’s GDP trip fares better. After slowing for much of 2017 (to as low as 6% in 1Q17), India is now at near to full throttle – growth in 1Q18 was 7.7%, putting it ahead of China’s 6.8%. It’s now the world’s fastest growing economy. And, expected to grow between 7% and 8% this year and in 2019.
Marxist moment: Income inequality hurts growth
THE global rise of populism in recent years is understandable. It’s a worldwide phenomenon. Ordinary citizens are feeling ignored – and fed-up. Widespread corruption and more-of-the-same in politics and government have resulted in a global “groundswell of discontent,” in the face of growing inequalities in income, wealth and opportunities.
Fortune favours the brave
CHANGE is coming. Paris-based think tank OECD (Organisation for Economic Cooperation & Development, the rich nations’ club) reported last week that its entire members’ GDP grew the slowest last year (1.7%) since 2013 (against 2.4% in 2015).
Greying world: Aging risk saps economic growth
THE world’s population will rise to 9.7 billion by 2050. For much of post-WWII, global population growth averaged annually at about 2%.
Global growth retreats
THERE we go again. Even before the ink is dry, global growth forecasts are downgraded once more.
Why Tokyo failed to be top-tier IFC
Tan Sri Lin See-Yan analyses why Tokyofailed to be a first-tier internationalfinancial centre.
Thailand on the rebound
Tan Sri Lin See-Yan is impressed withth eThai economic rebound after its activitieswere brought down by natural disas ters in2011.
India outlook dims
IT’S a pity India is slipping – it has lost much of its magic. I see two Indias over the past 40 years. The first is the economy of old which brought forth slothful growth in the face of a suffocating bureaucracy and politics as usual. The statist model seen in the 1970s dragged along an economy stuck with the sluggish 4% “Hindu rate of growth.”
Ding dong dung, wake up Vietnam
Tan Sri Lin See-Yan perceives that investors and the public have become more impatient as the Vietnamese government is slow in delivering and its economic advancement has been slow and hesitant.
