Tag Archives: george friedman

At the ‘Strategic Investment Conference 2016’ recently held in Dallas, geopolitical forecaster and strategist George Friedman said: ‘China is like Japan in 1989′. There are indeed many similarities between China today and Japan in the late 80’s, before Nippon went bust: a reliance on investment- and export-led growth; big current account surpluses; a real estate bubble (that led to highly indebted …

A mix of unsustained economic policies widespread corruption political scandals poor productivity crucial dependency on natural resources high consumption instead of competition and investments excessive bureaucracy could lead to the greatest recession in over 100 years for the country. If you think, this country is Romania, you’re not completely off track.. But, however, the above mentioned downfall is the sad story …