Tag Archives: recession

Lessons from a Troubled Neighbor; lessons also for others who can learn, other than pretenders

12 Jun

Posted by The Ethiopia Observatory (TEO)
by Yan Jiefu, Lessons from a Troubled Neighbor CaixinOnline
 

Japan’s rapid post-war growth that ended in years of stagnation serves as a mirror for China to reflect on its own economic model
 

China has looked to Japan for lessons in development for almost a century. Despite frictions between the two countries in modern history, China has long considered Japan as a model among developed nations.

Huang Zunxian, who served as a Counselor at the Chinese Embassy’s in Tokyo for the Qing Court between 1877 and 1882, discussed his observations on Japan’s geography, politics, society, culture and other aspects in his seminal work, Treaties of Japan, published in 1890. Huang is one of the pioneers who reintroduced Japan to the Chinese public after the Meiji Restoration, a revolution that restored imperial rule to Japan in 1868.

The Chinese were eager to learn from Japan’s success not only because of its remarkable achievements in modern times, but also because it was the only developed country in the East.
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Euro-Area Recession Deepens as Slowdown Exceeds Estimates

15 May

Posted by The Ethiopia Observatory

By Angeline Benoit, Bloomberg

The euro-area economy shrank more than economists forecast in the three months through March, extending a recession to a record sixth quarter and increasing pressure on the currency bloc’s leaders to spur growth.
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The New Year has begun with worrying global economic prospects: Ethiopia & China in perspective

26 Jan

By Keffyalew Gebremedhin

The IMF and the World Bank are gravely concerned with uncertainties facing the global economy. Both institutions attribute the problems to the massive Euro states’ debts and the adverse consequences thereon to growths in developed and several emerging economies.
But wait, there’s more!

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