What are the financial implications of politics?
Much have been spoken about the implications of American election result of business and economy in India and Mr. Barrack Obama is back once more in White House for another 4-year term. While the vanguard of free markets and capitalism America was preparing for a pitched battle for democracy, China which represents the other spectrum of economic and political set-up (the communist) was having a change of guard too. Two of the world's largest economies were having major political changes and much was at stake for the world economy. This brings us to the questions : Why is politics so important to economy? What does politics or the lack of it adds to the economy?