1. The never-ending story.
- Subjects
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PUBLIC debts , *EMERGING markets , *FREE trade , *INTEREST rates , *TWENTY-first century , *ECONOMICS , *ECONOMIC history ,ECONOMIC conditions in developing countries ,ECONOMIC conditions in China, 2000- ,ECONOMIC conditions in South Korea, 2002- ,DEVELOPING countries - Abstract
The author argues that the public debt crises that at one point were prevalent in places such as the U.S. and Europe are now impacting emerging markets as of 2015, and it mentions the economic conditions in developing countries such as South Korea, Singapore, and China. According to the article, a debt crisis in 2015 will negatively impact economic development and the world economy. Interest rate increases in America and Europe's open economy are also examined.
- Published
- 2015