TAG: Economy
For decades, the Anglo-Saxon economic model has increasingly disenchanted the developing world. It has found the overemphasis on financial indicators and the lack of regard for people, the land and water, health and culture run counter to the long-term interests of society.
A shift towards recognising the interdependence of an economy’s various actors has been ongoing. In many ways, Thailand has been ahead of this curve and has taken up a leadership role globally, as it recognised early the possibility that other, superior ways of organisation may exist.
Bahrain has continued to offset the effects of the drop in oil prices with a host of measures, including moves towards subsidy reduction. A series of big-ticket projects are under way in a number of sectors and the government is pushing ahead with its all-important diversification initiatives, with a $32bn investment strategy fuelling activity across a variety of areas of the economy. Ongoing investment in the energy sector is expected to help boost the economy in coming years, particularly in terms of enhancing refining and providing a reliable supply of fuel for heavy industry.
We can all accept it at this point: we live in uncertain times. To be sure, all countries, whether emerging or developed, experience a certain grade of incertitude – but some do more than others.
Mexico is coexisting with the biggest uncertainty hurricane of its recent history, particularly since the North American Free Trade Agreement (NAFTA), the 23-year-old treaty with the US and Canada, was sentenced to death by US President Donald Trump.