The Road Not Taken

In the two years since Lehman Brothers was allowed to fail, there have been numerous books on the causes of the financial crisis. The housing boom and subsequent collapse is understandably at the epicenter of most of the books. Depending on the political persuasion of the author, the emphasis is that conservatives or liberals deserve more blame for the following reasons. What typically follows is a narrative of political bias. The fact is that both views have it partially right. However, at the end of the day, what is more important is that a number of contributing factors are worse now than before the crisis.

India – Sterling Demographic Dividend Or Potential Time Bomb?

Demographics favor rapid growth in India as more than half of the population is under age 25. However, managing sufficient growth to develop this demographic dividend without employment shortfalls that might possibly lead to social unrest could be a challenge.