A Teaching Note is available for this material.
Javier Carrillo Hermosilla
Portugal: Los desequilibrios económicos EC1-120
This case investigates how drastic changes in politics within short periods of time in Portugal in the 70s and 80s didn’t help the country grow but instead helped it to sink further into poverty as well as how after gaining a small amount of stability the country’s situation started to improve the economic indicators. In this case students will learn to see that the majority of times extreme changes in a country’s politics only make it further worsen with every change until a point of stability is reached.Academic Area:Economic EnvironmentFormat: PDFLanguage: SpanishType of publication:Case Study
China, 2006: ¿Un gigante con pies de barro? EC1-107
This case illustrates the evolution of the Chinese economy from 1949 to 2006, and the impact that economic development has had on its social structure.
Starting with its acceptance into the WTO in 2001, the Chinese government has faced the challenge of maintaining GDP growth at moderate levels to avoid economic overheating. It also analyzes what where the differences between the public discourse of the government about this goal and its fiscal and monetary policies. It finally sheds some light to aid the reflexion around the sustainability of the Chinese economic miracle.Academic Area:Economic EnvironmentFormat: PDFLanguage: SpanishType of publication:Case Study
La economía de Cuba (1959-2009) EC1-118
Cuba has been ruled for over 50 years by a socialist centralized system, with Fidel Castro as a supreme leader until 2007, when his brother Raul Castro took over power. Until the falling of the Berlin Wall, Cuba depended upon the Soviet Union’s economic support. After this geopolitical shift, the Caribbean country faced a new situation with light reforms that temporarily alleviated the suffering economy of Cuba. However, until 2009 there had been no real compromise, nor structural reforms necessary to transition towards a market economy. When Raul Castro sat on the driver’s seat, the possibility of political and economic change seemed closer.Academic Area:Economic EnvironmentFormat: PDFLanguage: SpanishType of publication:Case Study
India 2007: ¿Un gigante dormido? EC1-111
For many years after its independence the Indian economy emphasized on central planning. In 1990 it starts its road towards market economy, which is responsible for robust economic growth and increase in the urban middle-class. However, wealth distribution remained a huge challenge, alongside poor infrastructure, bureaucracy, labor market rigidity and regulation of foreign investment. The quick expansion of domestic demand, increase in deficits, inflationary pressures and huge and growing population placed a serious threat to the government’s policies.Academic Area:Economic EnvironmentFormat: PDFLanguage: SpanishType of publication:Case Study