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…
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…
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…
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…
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…
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…
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…
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…
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…
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 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…
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…
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…
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…