2008: Financial Armageddon For years, America’s financial sector was thriving. Low interest rates and stable growth had many Americans feeling optimistic about the state of the economy. Before 2008, deregulation allowed for investment banks to make risky investments with stockholder ...
For some decades, China has inched closer to overtake the United States in terms of GDP growth and economic prosperity. Thanks to booming industries and a massive influx of new workers, Chinese people looked at their economy through rose-colored lenses. ...
Gradually phased into implementation in the late 1970’s, China’s one-child policy was largely viewed as a pre-emptive response to an impending Malthusian trap, the shortage of food and resources precipitated by unsustainable population growth. While exceptions were made for ethnic ...