Dan Steinbock says the real test of the so-called Asian Century will be whether living standards in the region’s emerging economies can continue to improve, whatever the GDP numbers. As Asia-Pacific continues to experience slower than anticipated GDP growth, analysts have been nudging down forecasts for much of the region. US-led boost can no longer […]
Tag Archives: living standards
Andy Xie, renowned economist, stated that living standards of people around the world is worsening due to what is happening in finance. Bubble will burst, only slower than the previous financial crisis, due to the emergency of the global companies that can shift production anywhere in the world, and therefore making inflation not so obvious. […]