The infographic above is an infographic summary of an interesting article written by Lance Ng. The article makes an interesting comparison between our modern economics and the Japanese cartoon Doraemon. The creativity in the article led us to develop an infographic around this. Check out the full article here.
Supplementary data
To supplement the article, I made use of the long-term interest rate data from OECD1 for G7 countries (which make up ~25% of world GDP) as an example. It is evident that the interest rates have been declining, more so in the last 10 years.
These declining interest rates lead to two problems: making venture capital cheaper and making borrowing cheap for governments and companies2. Venture capital investment has grown very fast especially in the last 5 years while government debt as % of GDP is over 100% for all G7 countries except Germany.
These two problems make our economy resemble like Doraemon. Check out the full article here for details.
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[1] OECD (2020), Long-term interest rates (indicator). doi: 10.1787/662d712c-en (Accessed on 22 August 2020)
[2] OECD (2020), General government debt (indicator). doi: 10.1787/a0528cc2-en (Accessed on 22 August 2020)
