Markets

Noam Chomsky once said that ‘reform is a change that you’re supposed to like. So as soon as you hear the word reform, you kind of reach for your wallet and see who’s lifting it’. This statement is all the...

The discovery of shale gas has been the biggest driver in the reversal of decades of decline in U.S. oil production and has already transformed North Dakota, for example, into an economic powerhouse, boasting the nation's lowest unemployment rate and...

Western central banks have extended themselves well beyond their comfort zones and today face unusual brand management risks: Beyond inflation fighting, they have had to confront market failures, fragmented financial systems, clogged monetary-policy transmission mechanisms, and sluggish growth in output...

The Japanese economy has undergone difficult times in recent years, though a recent government stimulus package appears to be reinvigorating the economy. In 2008 and 2009, the economy shrank by 1.042 percent and 5.527 percent respectively – as a result...

China is a communist nation with a socialist market economy. It is the world's second largest economy by nominal GDP and the largest by purchasing power parity, according to the International Monetary Fund (IMF). However, given China's tight control over...

The world has changed markedly since East Asia began its remarkable developmental transition more than a half-century ago: Their development policies worked while all too often, those that followed the neo-liberal “Washington Consensus” policy prescriptions failed miserably. In the decade...

China is the world’s second largest trading nation behind the US – leading the world in exports and coming in second for imports. From 2009-2011 its trade to GDP ratio was 53.1 percent, while its trade per capita was $2,413....

Since 1949, the Chinese government has been responsible for planning and managing the national economy.  But it was only in 1978 – when Deng Xiaoping introduced capitalist market principles –that the Chinese economy began to show massive growth, averaging 10...

China has one of the most diverse spread of industrial production in the world, fitting for a country that is called 'The World’s Factory'. Since 1978, the nation has gradually reduced its reliance on state-owned enterprises (SOEs) – though they...

China was the 18th fastest growing economy in the world in 2012, with a real GDP growth rate (constant prices, national currency) of 7.8 percent. Although the figure is its slowest growth since 1999, it is also representative of a...

The United States of America has the world's largest national economy. It makes up roughly 17 to 22 percent of the world's gross domestic product (GDP). The currency of the United States, the dollar, is the most widely used currency...

US foreign trade and global economic policies have experienced drastic changes since the days of its founding fathers. Prior to the Great Depression and World War II, government and businesses mostly concentrated on developing the domestic economy irrespective of what...

The US is a market-oriented economy, where private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy considerably greater flexibility...

The US is one of the most technologically advanced economies in the world, coming in 10th in the Global Innovation Index and 12th for the World Bank’s Knowledge Economy Index. As such, they also lead the world in industries such...

The US economy grew by 2.211 percent in 2012, compared to 1.808 percent in 2011 and 2.391 percent in 2010. Three consecutive years of growth has since reversed the recession experienced from 2008-2009, but the economy is still recovering too...