Economy and Politics Archive
When politics are sound and efficient, strong economies usually follow. But when they’re chaotic and ineffective, economic growth is constrained. Conversely, economic downturns often lead to political upheaval, while times of strong economic growth foster political stability.
For a perfect example, just consider how political incompetence factored into the global economic meltdown of 2008. And then look at the political turmoil that followed as a result. We’re still suffering the consequences. The stories below explore this complex relationship.
On the eve of the Japan sales tax hike, a few brave souls ventured out into the supermarket to make last-minute purchases. When the clock hit 12:00 am last night (April 1), Japan’s sales tax jumped from 5% to 8%.…