economics

In retrospect, these were obvious markets for hard drives, but at the time, their ultimate size and significance were highly uncertain.

It will be worthwhile to consider RBI’s recent research highlighting the core type characteristics in high food inflation and its spillover effects on core inflation.

And lastly, the reason for persistently high food inflation despite record agriculture production (FY25 is projected to grow by 5%), much higher than the population growth of 1.1 per

This is almost total nonsense. The only possible way it could be true is if the amount of intervention in the renminbi was unaffected by the price level, and this is certainly not the case. If it were, the People’s Bank of China should anyway immediately raise the value of the renminbi substantially in order to improve its terms of trade at no cost

First, it allows the United States to consume and borrow well beyond its means, as foreigners acquire U.S. dollars in exchange for goods. Second, because foreign governments must buy U.S. government bonds to hold as reserves, this additional source of demand for Treasury bonds lowers U.S. interest rates.

In order to meet Beijing’s ambitious production targets, local officials tended to invest in mature technologies that could be scaled quickly. Today, China has a large excess capacity in low-end robotics yet still lacks sufficient capacity in high-end autonomous robotics that require indigenous intellectual property.

Migrant workers are also unable to get residence permits, called hukou, and without hukou what limited protection workers may have is sharply reduced because living in an urban area without the proper hukou is tolerated but technically illegal.

Technological Advancements: o The rise of technology and automation increased productivity but also displaced certain types of labor, particularly in manufacturing.

o Capital investments in technology led to higher returns for investors and owners of capital.

The United States’ tax receipts are more correlated to asset prices than most other countries, with tax receipts lagging the performance of the stock market. This can be seen in both absolute terms and year-over-year terms: