NALLIAH THAYABHARAN France is in a monumental economic, political, social, and even cultural mess, and is bankrupt due to its most generous welfare systems in the world, as France has a strong safety net for the unemployed and retirees.France’s most generous welfare system was introduced at a time when there were four workers for every […]

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By Nalliah Thayabharan The US is going isolationist while China is going the opposite way, what an exceptional  phenomenon. China was happy to buy instead of making their own chips, but the US cut them off. So China has to develop chips by themselves. Once they do, the US chip industry will suffer greatly. Chinese […]

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By Nalliah Thayabharan In the 1980s, India and China’s GDPs were relatively close, but the countries have since diverged significantly:GDP: In 1980, China’s GDP was $302.9 billion, while India’s was $189.4 billion.Per capita GDP: In 1980, China’s per capita GDP was $306.9, while India’s was $276.3.Growth rate: China’s average growth rate was typically 100% higher […]

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By Nalliah Thayabharan The Japanese economy was the biggest economic miracle in the 20th century after the United States,but a grim turning point occurred when the Plaza Accord was signed. Japan’s GDP was less than $0.5 trillion in 1960, yet just 3 decades later, the economy grew to a stunning amount of over $3.1 trillion by 1990 […]

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