Logo

Logo

GDP

Prescriptions vary

Within global economies, America’s resilience shines brightly, defying the dire predictions of naysayers and sceptics. Against a backdrop of uncertainty and volatility, the US economy has emerged as a bastion of strength and vitality, demonstrating a remarkable ability to weather storms and navigate through turbulent waters.

Risk an opportunity for the brave

Money makes the world go round, so sang Sally Bowles in the famous movie Cabaret. Money today keeps the global economy ticking, and if the central banks stop printing money, we would already be in a 1930s Depression.

Beyond GDP

In the narrative of a nation’s economic performance, GDP growth often takes centre stage, like the star student’s report card that parents eagerly await.

Political Diary | Migrants back in national focus

Some experts feel that the measures announced are not sufficient and require careful restructuring, While the government had announced short-term policies to deal with migrant labour in 2020, what is required are long-term as well as short-term policies.

Cost of Nature

Theories, however, cannot explain why some countries succeed while others fail in transforming natural resources to higher productivity and growth; the answer probably lies in the institutional environment of a country. If institutions promote transparency and incentivise productive and entrepreneurial activities and protect property and other rights of individuals, natural resources are likely to impact the economic outcomes positively.

Gender and Finance

One of the most promising ways to close the stubbornly persisting gender divide is technology. For low-income women, digital financial inclusion offers an opportunity to upend entrenched gender inequalities. Financial services delivered via mobile phone can bridge the last-mile gap, bringing financial tools and services directly to women where they work and live

Leveraging the world’s equity

Instead, US general government expenditure rose by 78 per cent in constant 2010 dollars from 1981 to 2019, whereas total public debt has increased dramatically from $1 trillion or 31 per cent of GDP when Reagan was President to $27 trillion or 136 per cent of GDP by the end of September 2020.