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decade, China will enter a difficult stretch. As its population begins to
shrink and rapidly turn gray, the country will experience monumental strains in
its economic, social and political systems. Beijing will try to tackle the
challenge with fewer resources than China’s richer neighbors in the Far East
can throw at the problem.
history of economic growth has made a handful of Western nations, later joined
by Japan, remarkably rich and powerful. Until recently, it seemed that the fast-growing
developing countries led by China were poised to catch up with the advanced
economies by the middle of this century. Now, the macroeconomic data suggest
that they may grow old before they get rich.
Dr. Stefan Lippert
After the electoral speeches now is the time for reality in France. The Cour des Comptes (France’s audit office) has published a report warning of the alarming state of France’s public finances. Prime Minister Jean-Marc Ayrault has urged the French to rally behind a ‘crushing’ debt burden after the state audit warned of a 43 billion euro budget hole. The country is...
Dr. Emmanuel Martin