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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 Mon, 29 Apr 2019:


Will China's "Belt and Road" strategy reshape the world?, International Economy Magazine, Jan-Mar '19:  
China's goal seems to be a projection of power through infrastructure  building, not military force. A symposium of views, from Boskin, Cooper,  Eichengreen, Galbraith, Hubbard, O'Neill, among others


Greg Mankiw: Let's keep the Federal Reserve great, NYT, 14 Apr 19:
I have a confession to make: I love the Federal Reserve. And I suspect that, in their heart of hearts, most other economists love the Federal Reserve, too. But I fear our love may be in peril, writes Pres G W Bush's Council Econ Advisers chair


Climate change has worsened global economic inequality, study shows, Stanford Univ News, 22 Apr 19:
The gap between the economic output of the world's richest and poorest countries is 25 percent larger today than it would have been without global warming, acc to new research from Stanford Univ

Posted on Sun, 21 Apr 2019:


Jeffrey Sachs: Our zero-emission future, Project Syndicate, 17 Apr 19 [via Korea Herald]:
The solution to human-induced climate change is finally in clear view. The main obstacle is inertia: politicians continue to favor the fossil-fuel industry and traditional agric mainly because they don't know better or are on the take, writes Columbia Ctr Sust'ble Devt dir



China signals Belt and Road shift with Malaysia rail project, Al Jazeera, 15 Apr 19:
Malaysia has renegotiated a major rail project with China to reduce the cost of construction by a third and increase the level of local involvement, signaling a shift in China's approach to its six-year-old Belt and Road Initiative (BRI)



Three opportunities and three risks of the Belt and Road Initiative, World Bank (blog), by M Ruta, May '18:
BRI is an ambitious effort to deepen regional cooperation and improve connectivity on a trans-continental scale. It links China to Central/South Asia, SE Asia, the Gulf countries, N Africa and Europe, writes WB trade lead economist         (Brief on BRI)

Posted on Sun, 07 Apr 2019:


World Bank board elects US Treasury's Malpass as next president, Reuters, 06 Apr 19:
David Malpass, Pres Trump's nominee to lead the WB, won unanimous approval from the WB's exec board on 05 Apr, continuing the 73-year tradition of an American running the world's largest devt lender       (Seven challenges for new WB pres | WB media release)


Paul Bisca: To end poverty, think like a spy, Brookings (blog), 11 Mar 19:
The idea that 
professionals driven by the quest for sustainability and equity should behave like spies is bound to raise eyebrows. This approach is not about acting like James Bond, but rather about thinking like him, writes WB conflict & security consultant


How much does it cost to reduce one ton of carbon dioxide?, Amer Econ Assn, 18 Jan 19:
The fundamental problem with carbon emissions is that people who emit pollutants don't pay for the damage they cause. Pricing carbon would impose the costs on the polluters, but this ideal tool has not been politically feasible
      (Econ impacts of a warming Earth)


Posted on Thu, 21 Mar 2019:


Angus Deaton: What's wrong with contemporary capitalism?, Project Syndicate, 13 Mar 19 [via New Europe]:
Rather suddenly, capitalism is visibly sick. The virus of socialism has re-emerged and is infecting the young once more. Wiser heads want to save it, but their proposals sometimes overlap with those who would tear the system down, writes 2015 Nobel Laureate


Woetzel, Madgavkar and Manyika: The best performing emerging economies emphasize competition, Harvard Bus. Rev, Sep '18:
Devt economists over the ages have puzzled about why some emerging economies perform much better than others over the long term. We find one element that others haven't tended to focus on, write McKinsey Global Inst partner & dirs

Singapore's water supply - where does it come from?, Straits Times/ Singapore, June '18:
While Malaysia has been an important source, Singapore has been investing in research and devt to create alternative sources of water        (Lessons to learn from Singapore | Singapore has no natural water supply, but the country isn't going thirsty)



Posted on Sun, 10 Mar 2019:


Trade war results in substantial losses for US and other countries, Princeton Univ, 04 Mar 19:
"The Trump tariffs were almost completely passed through into domestic prices up to now, meaning that almost all of the costs so far have been shouldered by US consumers and importers," says economist Stephen Redding, co-author of the new study


Brill and Flint: Carbon tax most efficient in tackling climate change, Houston Chronicle, 01 Mar 19 [courtesy Amer Enterp Inst]: 
There are 3 approaches policy makers can consider when they want to shift behavior among consumers/producers: require people/businesses to change (regulations), pay them to change (subsidies), or price the unwanted behavior (a tax), write Inst fellow; and Market Solutions 
Alliance dir


Class analyst – A profile of Branko Milanovic, a leading scholar of inequality, Finance & Development, Mar-May ’19:
His 2013 article delineated what became known as the "elephant curve" because of its shape. It shows that over the 20 years that he calls the period of "high globalization", huge increases in wealth were unevenly distributed across the world

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