All tagged IMF

Gimme, Gimme More

By 2013, more than 1.5 million Ethiopians will be displaced from their homes by the orders of their own government. Some will have to relocate to areas that lack stable access to food and water, and still more may find they can no longer support themselves financially.

The growing discontent of the middle class means that this total will likely be difficult to attain: 58 percent of the population disapproves with her performance and more than 70 percent of the population now disagrees with the government’s economic policies.

China’s awe-inspiring economic growth over the past three decades has inspired envy, emulation, and animosity all over the world. As I have argued before, I think that China will be a major global player in this century and that its influence will increase over time. But as we learned the hard way in 2008, no matter how smooth an economic course may seem, there are, inevitably, unforeseen problems.