Summary: Brazil was an emerging economy and a member of the BRICS. However, in March 2016 a huge corruption scandal exploded into an economic crisis and demand for the impeachment of the president followed by a political regime change. 20 more words
Tags » Developing Economies
“economic crises are often the catalyst for new approaches to policy making in developing regions like Latin America” ~ Kaplan
History in the region has shown us that consequences of macroeconomic crisis can frustrate populations, which is then reflected in the political votes. 662 more words
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. 756 more words
HIV transmission from mother to child is a major, and preventable, factor in the ongoing prevalence of AIDS in Africa. While transmission rates are below 5% with effective prenatal treatment, the World Health Organization says they can range… 608 more words
China does a brisk trade in wristwatches. Last year, it exported $2.6 billion worth of them. And it also imported $2 billion worth.
That kind of back-and-forth, in which similar goods cross national borders in both directions, is a relatively recent phenomenon, but more than a quarter of all trade now fits this pattern. 831 more words
Summary: The Planet Money team investigate current problems in our economy that could create the next economic crisis.
Original Air Date: July 19, 2015