Indeed, deficit-spending of massive amounts on public-works, lowering inter-est rates and promoting exports are the common phenomenon seen in today’s post-crisis Asia. But none of them is sustainable, nor a substitut...Indeed, deficit-spending of massive amounts on public-works, lowering inter-est rates and promoting exports are the common phenomenon seen in today’s post-crisis Asia. But none of them is sustainable, nor a substitute for the agonizing re-form, industrial restructuring and sci-tech innovations. The basis for long-term e-展开更多
The "Rising Mrica" narrative suffered a serious setback in 2016 when Africa expe- rienced the wot.'st economic slowdown since the global financial crisis in 2008. However, the resilient growth in 2017 and signs of ...The "Rising Mrica" narrative suffered a serious setback in 2016 when Africa expe- rienced the wot.'st economic slowdown since the global financial crisis in 2008. However, the resilient growth in 2017 and signs of a consolidated expansion in the mid-term are proving the recession is only a temporary situation.展开更多
文摘Indeed, deficit-spending of massive amounts on public-works, lowering inter-est rates and promoting exports are the common phenomenon seen in today’s post-crisis Asia. But none of them is sustainable, nor a substitute for the agonizing re-form, industrial restructuring and sci-tech innovations. The basis for long-term e-
文摘The "Rising Mrica" narrative suffered a serious setback in 2016 when Africa expe- rienced the wot.'st economic slowdown since the global financial crisis in 2008. However, the resilient growth in 2017 and signs of a consolidated expansion in the mid-term are proving the recession is only a temporary situation.