economic growth

Mercosur: Crisis-Ridden and Pronounced Dead but Still Alive

South American countries are far too busy with their scandals and crises to be making progress with economic and political integration. And yet those crises could be exactly what gives Mercosur its second wind. The news coming out of Brazil recently is reminiscent of a political thriller. A president deposed under questionable circumstances (Dilma Rousseff) […]

Mauritius: Ready for a Second Economic Miracle?

On March 12, 2018, Mauritius celebrates 50 years of independence. The country is proud of its economic progress and the government has set an ambitious goal: to transform the remote island state into a high-income country within the next few years. What is the origin of the Mauritian success story? In 1961 Nobel-prize-winning British economist […]

Protesters in São Paulo

Revisiting a Success Story

Solid economic growth, combined with social policies: This was the recipe for success followed by many Latin American countries like Brazil. Now, the boom in exports has ended – all at the cost of social advances made in recent years. Is it time to question previous reform policies? Most economies in Latin America and the […]

Police escort in Karachi © Colin Cookman/Flickr (CC BY-NC-SA 2.0)

Pakistan’s Violent Economy

Contrary to Western perception it’s not Islamic violence but economic misery that matters most to people in Pakistan. Yet, few believe that the government will soon put the country on a path of progress. I had only five days to shoot in Karachi for the “Secrets of Transformation” series, a joint project of Deutsche Welle […]

© SERGEY NVENS / fotolia.com

The Art of Comparing Economic Growth

Turkey’s government argues that the economy has grown threefold during the past ten years. Are these numbers misleading the voters for the purpose of self-promotion? Comparison is an art. Just as statistics is the art of lying, comparison is the art of demoralizing. Theodore Roosevelt, often seen as one of the best U.S. presidents, once […]