Tag: economic growth

Indonesia’s feared ex-general Prabowo claims victory in presidential election + Notes

Tina Marie (Ms. Cat)

Indonesia’s feared ex-general Prabowo claims victory in presidential election

But the likely victory of Prabowo — an ex-general who was kicked out from the army and subjected to a two-decade ban from the U.S. over human rights violations — raises fears of the world’s third-largest democracy sliding backward into authoritarian rule.

Related:

3 things you should know about Indonesia’s presidential elections

Continuity and its risks


Prabowo is expected to largely continue the policies of President Widodo, or “Jokowi,” as Indonesians call him. President Widodo is not up for reelection as he’s serving his final term.

Through his two five-year terms, Indonesia’s economy — Southeast Asia’s largest — has grown at about 5% a year. His infrastructure building, cash and food assistance to the poor and health and education policies have been popular.

Indonesia is the world’s largest producer of nickel, used in making electric vehicle batteries, and Jokowi has barred the export of raw nickel, to help Indonesia move up the value chain from mining to manufacturing.

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Prabowo is Suharto’s son-in-law. He received training in the 1980s from the U.S. military at Fort Benning, Ga. (now Fort Moore) and Fort Bragg, N.C. (now Fort Liberty).

Indonesia’s presidential election emerges as key battleground in US-China rivalry

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Pakistan’s misery continues

Tina Marie (Ms. Cat)

Pakistan has a general election today. It will decide on the next government of the world’s fifth-most populous nation and the governments of its four provinces — Punjab, Singh, Balochistan and Khyber Pakhtunkhwa. Around 128 million people can vote to pick 266 representatives to form the 16th parliament in a first-past-the-post system. They will also vote to elect the legislatures of the country’s four provinces.

Pakistan’s misery continues

Taiwan: the technology trade turn

Tina Marie (Ms. Cat)

Taiwan has a general election on Saturday. The international media has highlighted the election as an important geopolitical pivot – namely, if the current incumbent government party, the Democratic Progressive Party (DPP), wins the presidency and legislature and continues its call for formal (not just de facto) independence from mainland China, that will mean intensified attacks on Taiwan by Beijing, perhaps leading to military conflict.

Taiwan: the technology trade turn

Guyanese Are Becoming Poorer Despite Living in World’s Fastest Growing Economy

Tina Marie (Ms. Cat)

With a GDP growth of over 63% in 2022, according to the World Bank, and an estimated GDP growth of about 38% in 2023, Guyana is frequently referred to as the world’s fastest-growing economy. The meteoric rise of Guyana’s GDP is almost entirely due to the exploitation of recently discovered oil reserves by US-based multinational petroleum corporation ExxonMobil, a company that traces its origins to Rockefeller’s Standard Oil company.

Guyanese Are Becoming Poorer Despite Living in World’s Fastest Growing Economy

Related:

Demographic profile

Guyana is the only English-speaking country in South America and shares cultural and historical bonds with the Anglophone Caribbean. Guyana’s two largest ethnic groups are the Afro-Guyanese (descendants of African slaves) and the Indo-Guyanese (descendants of Indian indentured laborers), which together comprise about three quarters of Guyana’s population. Tensions periodically have boiled over between the two groups, which back ethnically based political parties and vote along ethnic lines. Poverty reduction has stagnated since the late 1990s. About one-third of the Guyanese population lives below the poverty line; indigenous people are disproportionately affected. Although Guyana’s literacy rate is reported to be among the highest in the Western Hemisphere, the level of functional literacy is considerably lower, which has been attributed to poor education quality, teacher training, and infrastructure.

Guyana’s emigration rate is among the highest in the world – more than 55% of its citizens reside abroad – and it is one of the largest recipients of remittances relative to GDP among Latin American and Caribbean counties. Although remittances are a vital source of income for most citizens, the pervasive emigration of skilled workers deprives Guyana of professionals in healthcare and other key sectors. More than 80% of Guyanese nationals with tertiary level educations have emigrated. Brain drain and the concentration of limited medical resources in Georgetown hamper Guyana’s ability to meet the health needs of its predominantly rural population. Guyana has one of the highest HIV prevalence rates in the region and continues to rely on international support for its HIV treatment and prevention programs.

CIA: World Fact Book

Thailand to Speed Up Construction of Joint-Chinese High-Speed Railway

Tina Marie (Ms. Cat)

Thailand’s recently renewed commitment toward finishing the already under-construction Thai-Chinese high-speed railway may help move the Southeast Asian nation forward, out of the shadow of years of Western-induced political instability, and into the light of peace and prosperity as it and the rest of the region rise with China.

Thailand to Speed Up Construction of Joint-Chinese High-Speed Railway

Speaking in Ethiopia, Professor Jeffrey Sachs says the next four decades are pivotal for Africa.

Tina Marie (Ms. Cat)
Economist Jeffrey Sachs Says Africa will Be the New China in Only 40 Years

On December 12, 2023, in Addis Ababa, the Office of the Prime Minister initiated the inaugural “Perspectives” – PMO Occasional Lecture Series, featuring the esteemed international economist, Professor Jeffrey Sachs. During the event, Professor Sachs expressed optimism, stating that the next four decades will be crucial for Africa’s development.

Speaking in Ethiopia, Professor Jeffrey Sachs says the next four decades are pivotal for Africa.

🤨🤔💭

On the strategic relationship between Venezuela and China

Tina Marie (Ms. Cat)

During a state visit to the People’s Republic of China in September 2023, Venezuelan president, Nicolas Maduro met president Xi Jinping and both agreed to strengthen the relationship of their countries by establishing seven sub commissions to elevate it to the level of ‘all-weather strategic partnership’. This is the culmination of a relationship that began with president Hugo Chavez’s first visit to Beijing in 1999, the very first year of his presidency.

On the strategic relationship between Venezuela and China