... safest and most orderly countries in the world in just one generation.
When the Dutch economist, Dr. Albert Winsemius, arrived in Singapore to examine the country’s potential in industrialization in 1960, he gloomily remarked upon the sluggish economy as a “
poor little market in a dark corner of Asia
”. Labor strikes, capital flight, and uncertainty over political stability under the newly elected People’s Action Party (PAP) – led by then only 35-year-old Lee – ...
... rate will be reduced from 30% to 25%, which,
according to Arun Jaitley
, “accompanied by removal of various kinds of tax exemptions and incentives for corporate taxpayers”, should increase tax revenues and the attractiveness of the Indian economy for business, including foreign companies.
The external conditions favor economic reforms, but Narendra Modi is more a politician than an economist and is afraid to lose political capital at the very beginning of his term.
The new budget puts ...
... signal to encourage consumer activity, to lower the savings rate and to stimulate demand.
Nevertheless, despite the dynamic efforts by the monetary policy authorities to stimulate domestic demand, expectations of increased deflationary pressure on the economy are still present. The current structural imbalances in the Chinese economy are a clear reflection of the consequences of increased production in the pursuit of export earnings in the absence of an adequate forecast of demand dynamics on both ...
During a new spiral of economic crisis, it becomes increasingly difficult to build new businesses and develop existing ones. In an interview with RIAC,
Alexander Rappoport
, a lawyer, an expert on investment, and a restaurateur, shares his insights on how to set up in business, work with investments and look for a niche in the restaurant business.
You have worked for many years in US investment banks. Could you give some advice to an investor who is starting his career in a declining market?
Any...
... cutbacks rather than anti-inflationary measures, including high consumer credit card rates, hurt working Brazilians the most. They have a potential to spark spontaneous riots like the social explosions of 2013.
Government sources now indicate that the economy is about to contract this year by around a negative 1.1 percent, signaling recession. Economic reform is likely to continue and could become an issue in the 2018 presidential election.
Meanwhile former president Luiz Inacio Lula da Silva continues ...
... country suggests electronic voting. This form was used by more than
127 thousand voters
of the total number of about 900 thousand.
Here are some features of the electoral cycle.
First, there is an obvious crisis of ideas and economic projects while economy is stagnating and military and infrastructure expenses go up.
The SEB Bank left unchanged the previously compiled forecast of the Estonian
economic growth
in 2015 at 1.8 %. In 2014, Estonia ranked third among the Baltic States in terms of growth ...
Vladimir Mau, one of the authors of the Russian economic reforms of the 1990s, spoke with RBTH about the challenges facing the country's economy.
After oil prices started their now-infamous downslide in September 2014, the Russian ruble suffered a dramatic collapse. In an interview with RBTH at the Gaidar Economic Forum in Moscow, Rector of the Russian Presidential Academy of the National ...
... expansion of conflicts and so on? Without a doubt, yes. Without this [cooperation] we will lose our country’s status as a great power. Not to mention that the Russian people have an interest in eliminating dangerous international situations.
On the economy
Russia is experiencing a difficult economic situation. There are external reasons: the fall in oil prices and the sanctions against Russia.
External changes that would favor Russia should not be expected anytime soon. It is doubtful that the sanctions ...
Kvashnin Yuri (Ph.D in History)
(Head, European Union Studies Department, IMEMO RAN, RIAC Expert)
Today the Russian-Greek economic relations are affected by a triple crisis: the ongoing crisis in Greece, the crisis in Russian–EU relations and Russia's economic hardships.
As for the first one, at the beginning of this year Greece's economic prospects looked bright. 2013 was the first year when Greece achieved primary surplus of 1.5 billion euro. In the passing year it showed...
... European Council Summit on December 18–19, 2014 will be economic and social policy. Participants will discuss the necessary measures and instruments for strengthening economic growth, creating new jobs and improving the competitiveness of the EU economy. The heads of state and government will have to approve the Annual Growth Survey for 2015 and the Report on Prevention Measures. Both documents were adopted by the Commission in Brussels in November 2014. The Annual Growth Survey 2015 marks the ...
