CATEGORY: Economic Roundups
Without a doubt Britain’s decision to abandon the European project will be remembered globally as a wake-up call for political elites around the world. It seems the population chose to go against immediate economic interest and accept another financial turmoil in order to address deeply seated social and identity issues.
As one of the larger economies in Latin America, Colombia has a track record of above-average GDP growth, a reputation for sound macroeconomic management and market-friendly policies.
Go to any business conference in Africa and it will not be long before someone utters the words “Africa Rising”. The term – which was most memorably plastered on the cover of The Economist in 2011 – has become a catchall for the continent’s recent burst of economic growth. As a phrase, it is used in reference to everything from the continent’s expanding middle class, to the adoption of smartphones by farmers, to the increase in Chinese-built roads.