Abenomics refers to the economic policy of the current Japanese prime minister Shinzō Abe. The aim of the policy is to stimulate strong economic recovery and help the Japanese economy to escape a cycle of deflation, and low growth. Can Japan break the cycle of low growth? The range of policies include: Expansionary monetary policy …
Graph showing falling import tariff rates in the US. Figures for 2011 includes estimates for tariff rates up to 2011. The key part of this years report is the fact that import tariff barriers have fallen considerably, meaning potential welfare gains of reducing import tariffs have fallen. US has one of lowest tariff rates, but …
After several decades of sluggish growth, the Indian economy is now among the fastest growing economy in the world. Economic growth is currently 7-8%, and set to outstrip China. Despite several problems facing the Indian economy, many economists point to potential strengths of the Indian economy which could enable it to continue to benefit from …
Since 1991, the Indian economy has pursued free market liberalisation, greater openness in trade and increase investment in infrastructure. This helped the Indian economy to achieve a rapid rate of economic growth and economic development. However, the economy still faces various problems and challenges, such as corruption, lack of infrastructure, poverty in rural areas and …
A look at various economic policies to deal with an economic crisis, such as a fall in GDP. Economic crisis could involve Lack of economic growth/recession High Unemployment Long-term structural deficits Lack of confidence in finance and consumer sector. Rapid devaluation Solutions to economic crisis Fiscal policy – When the government influences demand through changing …
Living standards vary significantly across the globe. Wealthy economies, such as the US have an average GDP per head (at PPP) of $59,495 in the US (IMF 2017) This compares to an average annual income as low as $808 Burundi. (IMF 2017) There are many reasons for these divergences in income including – historical trends, …
I have quite a few readers in India, so I’d like to have a brief look at the Indian economy and it’s prospects for the coming year. After spending so much time looking at the (rather depressing) economics of austerity in Europe and UK, it makes a welcome change to look at a developing economy …
The Cairns Group is a group of several countries who joined forces to campaign for the liberalisation of trade in agriculture. Members of the Cairns Group includes: Australia, Brazil Canada, Chile Colombia Fiji Hungary Indonesia Malaysia Philippines New Zealand and Uruguay These countries tend to have a strong agricultural sector and have suffered under the …