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EmergingFrontierMarkets.com

emerging and frontier markets:

the unofficial field guide

Site Owner / Publisher:  Sta. Romana, Leonardo L.
        Based in:  Manila, Philippines


Posted on Sun, 23 Dec 2018:


Stavins: An economist's take on the Poland climate conference - The glass is more than half full, Conversation, 18 Dec 18:
The climate change confab that wrapped up on 15 Dec had a challenging mission. In Paris, 196 nations agreed in 2015 to curb global greenhouse gas emissions. Now they had to agree on rules and guidelines for how to do it, writes Harvard envir econ prog dir

Jeffrey Sachs: The war on Huawei, Project Syndicate, 13 Dec 18 [via Korea Herald]:
The US rarely arrests senior biz execs, US or foreign, for alleged crimes committed by their firms. Yes, managers should be held to account for their firm's malfeasance; but to start this practice with a leading Chinese biz exec is a stunning provocation to China, writes Columbia U Ctr Sustainable Devt dir

Eswar Prasad: India's central bank under attack
, Project Syndicate, 14 Nov 18 [PDF, courtesy Cornell U]:
Indian PM Modi's govt has launched an all-out political assault on the Reserve Bank of India, and the barrage of criticism is already taking a toll on the institution, writes Brookings Inst senior fellow / Cornell economist       (Das assumes charge as India CB governor)

Posted on Fri, 07 Dec 2018:


Splits deepen as UN climate talks near crunch time, AP, 07 Dec 18:
Divisions deepened at the UN climate talks in Katowice, Poland on Thu, pitting rich nations against poor ones, oil exporters against vulnerable island nations, and those govts prepared to act on global warming against those who want to wait and see


Will the environment be the true victim of the French fuel-tax riots?, BBC, 05 Dec 18:
The pictures of Paris swathed in tear gas, with burning cars and angry protesters rampaging through the streets in high-vis jackets demanding an end to a fuel tax rise have been seen across the world. Yet, the original reason for the increase became somewhat lost


Hanna, Khan & Olken: Targeting the poor, Finance & Development, Dec '18:
The informality of the workforce means that few people are captured by the tax system, so it is hard to verify income. And many households remain unbanked, so transferring funds to them is logistically difficult, write Harvard, London Sch Econ and MIT economists

Posted on Mon, 19 Nov 2018:


APEC fails to reach consensus as US-China divide deepens, Reuters, 18 Nov 18:
Asia-Pacific leaders failed to agree on a communique at a summit in Papua New Guinea on Sun for the 1st time in their history as deep divisions between the US and China over trade and investment stymied cooperation


China downplays failure to reach APEC joint statement, AFP, 19 Nov 18:
Beijing on Mon downplayed the unprecedented fallout from this year's APEC summit. Washington had pressed for leaders to issue what amounted to a denunciation of the World Trade Org and a call for its wholesale reform -- a step too far for Beijing


US should create fund to counter Chinese infrastructure deals – commission, Reuters, 14 Nov 18:
The US govt should create a fund to counter Chinese infrastructure financing deals in the developing world that export China's "model of authoritarian governance," acc to a new bipartisan commission report to Congress       (World Bank: Brief--China's Belt and
Road Initiative)

Posted on Thu, 01 Nov 2018:


Countering global protectionism, Pacific trade pact nears takeoff, Reuters, 31 Oct 18:
A landmark 11-country deal that will slash tariffs across much of the Asia-Pacific region will come into force at the end of Dec. The deal moved forward after Australia become the 6th nation to formally ratify the deal, alongside Canada, Japan, Mexico, New Zealand and Singapore


Martin Feldstein: Falling share prices and the outlook for the US economy, Project Syndicate, 29 Oct 18 [courtesy Harvard]:
Three forces will cause US long-term interest rates to continue to rise. As long-term interest rates rise, however, share prices will be less attractive to investors and will decline, writes Pres Reagan’s Council Econ Advisers chair


'Tropical Trump' Bolsonaro elected Brazil president, AFP, 29 Oct 18 [via Yahoo]:
Fmr army captain Jair Bolsonaro was elected pres on Sun, promising a fundamental change in direction for the giant LatAm country, the latest to take a turn to the far-right. He managed to tap voters' deep anger with corruption, crime and econ malaise

Posted on Mon, 15 Oct 2018:


Trump says climate change not a hoax, not sure of its source, AP, 15 Oct 18:
Pres Trump is backing off his claim that climate change is a hoax but says he doesn't know if it's manmade and suggests that the climate will "change back again." In an interview with CBS' "60 Minutes", Trump said he doesn't want to put the US at a disadvantage



Five-minute warnings -- Video project channels wide range of climate change knowledge, Harvard Gazette, Apr ’17:
We ignore the worst estimates of climate change -- catastrophic warming topping 4 or 6 degrees Celsius -- at our peril, says economist Martin Weitzman       (Econometrics and climate -- a profile of Jim Stock)


Kenneth Rogoff: Crazy rich Asia, Project Syndicate, 10 Oct 18 [via EJ Insight/Hong Kong]:
Now perhaps Hollywood will use films to illustrate key concepts about a region that is the biggest econ success story of the last several decades. There are many more stories about that story to be told, writes recipient of 2011 Deutsche Bank prize in financial econ

Posted on Mon, 08 Oct 2018:


2018 Nobel Prize in Economics -- Awarded "for integrating climate change (William Nordhaus) and technological innovations (Paul Romer) into long-run macroeconomic analysis", 08 Oct 18:
At its heart, economics deals with the management of scarce resources. Nature dictates the main constraints on economic growth and our knowledge determines how well we deal with these constraints

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