Why did the Chinese become less happy during their growth boom?

June 16, 2015

In China, GDP per capita and household consumption increased fourfold between the years 1990 and 2005, and life expectancy climbed to 75.3 years from 67 years in 1980. Carol Graham in her post on Brookings Institutions explores why life satisfaction levels plummeted during the same period.

 Read the complete post here.

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Latin America should find a new formula for growth

June 27, 2015

For much of this century Latin America saw robust economic growth, a big fall in poverty and a swelling of the middle classes. Now the good times are over. The IMF expects growth of just 0.9% in 2015, which would be the fifth successive year of deceleration in the region. The Economist suggest that Latin America should find a new formula for growth after the commodity boom triggered by the industrialization of China.  For more information see two posts:

–  “Latin America. The loss of El Dorado”   Read More

– “Latin America’s economies. The lessons of stagnation”  Read More