The Experimental Reforms in China’s Economy

China’s leaders now aim to transform China into one of the world’s leading industrial powers by 2045 and for this, a new business model will be designed. By doing this, it aims to reduce and eventually overcome the country’s dependence on cheap manufacturing and instead focus on advanced industrial goods for markets. Not only this, China has for long been building knowledge-based economy, driven purely by innovation and domestic consumption. But its real estate sector still consists of ghost towns and dozens of unleased commercial spaces.

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BRICS NEW DEVELOPMENT BANK – Does it have what it takes?

The whole purpose of BRICS New Development Bank is to be self sufficient and rely less on western economies. The world’s reserves has shrunk from 90% (2004) of dollar denominated securities to 60% in 2014. But, the growing tension individually in the member countries could easily defeat the purpose for which it was originally formed. Some debate that this small initiative (formation of BRICS) could be a big challenge for the advanced economies.

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The Hits and Misses of Indian Budget 2015

With India having the world’s second largest population and the maximum number of poor people in the world, the Indian budget 2015 could be a turning point for the poor and the unemployed. While many have supported the budget, others have criticized it for being very ‘pro-corporate’. The Indian Budget has been more or less termed as “stable” in its approach allowing more public spending through emphasis on strategic plans that could modernize India’s infrastructure.

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How far has BRICS come?

As emerging markets enter turmoil, questions regarding BRICS remain unanswered. China was known for being the second largest economy that could drive the asian markets towards infrastructural growth and development. But this year some troubling news from mostly all the emerging markets with Brazil’s debt being reduced to “junk” status. What started, as a pompous affair of five nations coming together in support of one another’s infrastructural needs, now appears to be more of a promotional event.

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A Second Financial Crisis – are we in denial?

Six years of the financial turmoil has given a reason for many debates, research, arguments, discussions and even research work to many. To many nothing has really changed, in fact to them, we might be looking at something more serious in 2015. The question that is important is whether there is any truth to the occurrence of second financial crisis or are we just in denial?

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