Has Google finally decided to take total control of its Android destiny with the release of its Android One operating system? Aimed at “emerging markets”, such as India, Google will operate the smartphone…
Sovereign debt is a crucial lubricant for growth, especially among emerging nations, and so it is equally crucial that we can ensure the interminable row over Argentina’s default is not repeated. Measures…
Look to the future now, Brazil.
Thomas Eisenhuth/EPA
The extraordinary 7-1 defeat of Brazil by Germany in the World Cup semi-final is richly ironic. Many Brazilians had hoped that by hosting the World Cup in 2014, their country could finally exorcise the…
Level playing field? Raheem Sterling attacks.
Rhona Wise/EPA
Like football, globalisation creates winners and losers. For now, the England football team is one of the back markers. By globalisation we mean free movement: it is the increase in mobility across national…
When FIFA awarded the 2014 World Cup finals to Brazil seven years ago, it looked as if the tournament would be a coming out party for the country. Now, the picture is far more mixed. It has become fashionable…
Inequality is limiting South Africa’s economic progress in more ways than we think. For most of the past 20 years, it was simply assumed that economic growth on its own would reduce inequality. This is…
Not all that he seems. Modi supporters in Vadodara, India.
Divyakant Solanki/EPA
Gautam Appa, London School of Economics and Political Science
It seems highly likely that Narendra Modi will be the next elected prime minister of India. One reason for that has been a well-orchestrated campaign to represent Modi as some kind of legislative miracle…
Hopes are high for Brazil as it prepares to host the World Cup and hold an election, but real economic change is unlikely to flow.
BostonCatholic/Flickr
This year’s FIFA World Cup and the 2016 Olympics seem to be a coronation of Brazil’s undeniable and startling success. But with the Brazilian presidential elections looming later this year, a surge in…
Emerging economies: still basket cases?
Wander/Flickr
In past decades, emerging markets were traditionally thought of as “basket case” economies, with the associated stigma. Perceptions have improved in recent years, but there are still concerns these economies…
Sanusi won’t go without a fight.
World Economic Forum
The Nigerian business community and international investors into Africa’s most populous country are still reeling from the shock of the suspension of Central Bank of Nigeria (CBN) governor Lamido Sanusi…
The global financial crisis has morphed into its latest form: an emerging markets currency crisis. Investors are fleeing developing and middle-income countries – even those with strong long-term growth…
This ‘skating palace’ was a snip at $98m.
Atos International
There is a tendency – almost a law of nature – that governs the way the costs of large-scale international events such as the football World Cup and Olympic Games far outstrip the initial forecasts of…
No country for young men.
Rajesh Kumar Singh/AP/Press Association Images
Yeshpal Singh is in his early thirties, his hair already streaked with grey. He sits in a university in the north Indian city of Meerut. Catch him on a good day, and he’ll tell you that he is a PhD physics…
Outgoing US Federal Reserve chairman Ben Bernanke is cautiously pulling back the Fed’s quantitative easing program.
AAP
The US Federal Reserve has announced that after more than five years of support, the “tapering” of its quantitative easing program is to begin. So what will the consequences of the gradual withdrawal of…
China: “No, thanks. We don’t want a Nobel peace prize.”
andreasl
“China is at the forefront of medicine and hi-tech and computing.” So said UK Chancellor George Osborne, who recently visited the country. Global tests for 15-year-olds show the youth of Shanghai are comfortably…
Brazil could be at risk if the QE money dries up.
Owen Humphreys/PA
The US Federal Reserve’s surprise decision to continue quantitative easing (QE) was generally well received in those countries with rapidly growing and industrialising economies. They were worried that…
Julia Gillard and Susilo Bambang Yudhoyono both acknowledge the importance of a strong relationship between Australia and Indonesia.
AAP
Trade liberalisation has pulled many developing countries into emerging markets in the last decade. Jim O’Neil, an economist and chairman of Goldman Sachs, who forecast global economic domination by certain…
State guidance of the economy is not just a tool for emerging markets, but also for developing economies that wish to maintain their technological advantage.
mckaysavage
As governments rushed in to prop up collapsing economies in response to the 2008 financial meltdown, the myth of free-market capitalism was suddenly put to the test and found wanting. But it has been the…