22 July 2012

Sunday Reads - The Best of Politics, Economics, & Ideas

Five, not the usual four, reads for your Sunday!

  • Alexander the not so Great: History through Persian eyes. (BBC)
  • Indian scientists try to predict the Monsoon, the country's real finance minister. (AlJazeera)
  • Engineering students form massive chunk of IIM Ahmedabad Class of 2014. (ET)

The global economic turmoil is taking its toll on the emerging economies. The Economist has an interesting graph on the GDP growth rates of the BRIC economies.

After a dream decade, something is amiss. China is struggling to grow as fast as 8% (its GDP expanded by 7.6% in the year to the second quarter). India, a country that once aspired to double-digit growth, can now only dream of ridding itself of double-digit inflation. None of the biggest emerging economies stand on the edge of a dramatic precipice, but their economic prospects have nonetheless started to head downhill. [...] But it is not simply a demand-side phenomenon; the underlying rate of sustainable growth may also be less impressive than previously thought. As the IMF pointed out this week, the last decade or so may have “generated overly optimistic expectations about potential growth”.

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