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EmergingFrontierMarkets.comemerging and frontier markets:the unofficial field guideSite
Owner / Publisher: Sta.
Romana, Leonardo L.
Based in: Manila,
Philippines;
and Southeast Asia
Posted on Sun, 14 Aug
2022: Krugman: Finally, some good news on inflation, NY Times, 12 Aug 22 [via Chattanooga Times Free Pres]: One month of zero inflation doesn't mean that the problem is solved. Economists have long known that you get a much better read on underlying inflation if you strip out highly volatile prices - normally food and energy, but measures of core inflation are still unacceptably high, writes 2008 Nobel Laureate
Taiwan 'matters far more to the world economy' than many people realize - economist, Yahoo Finance, 14 Aug 22: A further escalation in cross-strait tensions that cut Taiwan's export off from the rest of the world would lead to renewed shortages in the automotive and electronics sectors, says a senior economist of a consulting firm. He noted that Taiwan is the world's largest producer of processor chips
Leruth & Mazarei: Who controls the world's minerals needed for green energy?, Peterson Inst (blog), 09 Aug 22: Cobalt, copper, lithium, nickel, and rare earth elements are all essential for producing electric vehicles and batteries, and harnessing solar power and wind energy. The supply of these critical minerals is vulnerable for various reasons, write Tbilisi Univ economist; and Inst senior fellow
Posted on Sun, 10 Jul
2022: Far from Ukraine, Sri Lanka is the epicenter of a global crisis, WashPost, by I Tharoor, 06 Jul 22: Sri Lanka's problems are, in many aspects, unique to its situation and self-inflicted. Yet the astonishing collapse of the country is also inextricably linked to a wider, interlocking series of global phenomena: The war in Ukraine has spiked global food and energy prices and pushed a tough situation there over the edge
Kharas: 25 years since the East Asian financial crisis – Two forgotten lessons, Brookings Inst (blog), 07 Jul 22: On 02 July 97, exactly 25 years ago, Thailand devalued the baht, triggering a wave of econ crises, with ripple effects onto other emerging economies incl Russia and Brazil. Yet there are two lessons that seem to have been forgotten, but that are relevant to today's econ concerns, writes Inst senior fellow
Posted on Sun, 26 Jun
2022: Fed policy poses biggest near-term risk to US economy, Krugman says, Bloomberg, 24 Jun 22 [via BNN/ Canada]: "The biggest risk is that the Fed will overdo it and it will slam on the brakes too hard," Nobel laureate Krugman said in an interview. He also noted that he was among those who misjudged the situation last year in terms of how fiscal and monetary policy would fuel an overheated economy
UN chief warns of 'catastrophe' from global food shortage, AP, 24 Jun 22: The UN head warned Fri (24 Jun) that the world faces "catastrophe" because of the growing shortage of food around the globe. The UN sec-gen said the war in Ukraine has added to the disruptions caused by climate change, the coronavirus pandemic and inequality to produce an "unprecedented global hunger crisis"
Posted on Sun, 12 Jun
2022: COVID origins unclear but lab leak theory needs study – WHO, AP, 10 Jun 22: Over two years after the coronavirus was 1st detected in China, the World Health Org is recommending in its strongest terms yet that a deeper probe is required into whether a lab accident may be to blame. That stance marks a sharp reversal of the UN health agency's initial assessment of the pandemic's origins Stiglitz: Getting deglobalization right, Project Syndicate, 02 Jun 22 [via Roosevelt Inst]: The World Econ Forum's 1st meeting in more than two years was markedly different from the previous Davos confabs that I have attended since '95. The forum traditionally committed to championing globalization was now primarily concerned with globalization's failures, writes 2001 Nobel Laureate
Food export bans in Asia prompt fears of more protectionism, NYTimes, 11 Jun 22 [via Bangkok Post/ Thailand]: As Russia's invasion of Ukraine helped push global agricultural prices to soaring heights, some Asian governments restricted the export of products they viewed as essential to domestic food security. For Indonesia it was cooking oil. For India, wheat. And for Malaysia, chickens. The bans have a political logic
Posted on Sun, 29 May
2022: Sachs: Did US biotechnology help to create the virus that causes Covid-19?, Project Syndicate, 27 May 22 [via Author's site]: When Joe Biden asked the US Intelligence Community to determine the origin of the virus, its conclusion was understated but nonetheless shocking: the possibility could not be ruled out that the virus emerged from a lab. But even more shocking is that the virus may have possibly emerged from a lab using US-developed techniques, writes Columbia U Ctr Sust'ble Devt head
Allison: How Larry Summers got his inflation call right -- By applying economic history, Barron's, 26 May 22: Acc to Summers: "If you look at history, there has never been a moment where inflation is above 4% and unemployment is below 5% where we did not have a recession within the next two years." While his bet is important in itself for investors and policy makers, the process of reasoning is also instructive, writes Harvard govt prof Lamy: Preparing for climate overshoot, Project Syndicate, 18 May 22 [via Author’s site]: Humanity's continuing failure to reduce greenhouse-gas emissions has substantially increased the likelihood of global warming exceeding 1.5°C within the coming decades. That means we must start exploring a wider set of options for mitigating the worst consequences, writes fmr World Trade Org dir-gen / Paris Peace Forum pres
Posted on Sun, 15 May
2022: India bans wheat exports in growing wave of food protectionism, Bloomberg, 14 May 22 [via Yahoo Finance]: India prohibited wheat exports that the world was counting on to alleviate supply constraints sparked by the war in Ukraine, saying that the food security of the nation is under threat. Governments around the world are seeking to ensure local food supplies with agriculture prices surging
Rodrik: A better globalization could rise from hyper-globalization's ashes, Project Syndicate, 11 May 22 [via Livemint/ India]: With the end of post-'90s hyper-globalization, scenarios for the world economy run the gamut. In the best case, achieving a better balance between the prerogatives of the nation-state and the requirements of an open economy might enable inclusive prosperity at home and peace and security abroad, writes Harvard economist
Posted on Tue, 03 May
2022: Rogoff: The growing threat of global recession, Project Syndicate, 03 May 22 [via EJinsight/ HK]: Is the global economy flying into a perfect storm, with Europe, China, and the United States all entering downturns at the same time later this year? The risks of a global recession trifecta are rising by the day, writes Harvard economist / fmr IMF chief economist
Lockdowns, supply chain disruption to accelerate Apple's move away from China, with India a likely beneficiary, analysts say, South China Morning Post/ HK, 01 May 22 [via Y Finance]: Apple's value chain in China, an emblem of the country's global role as a source of labor and assembly, has been hit hard by strict lockdowns in Shanghai and neighboring provinces, raising the risk that the US tech giant may accelerate a shift of its operations away from China
How Economics Nobel Laureate Guido Imbens helped kick-start the "credibility revolution", Stanford Univ, 15 Apr 22: The breakthrough came on a warm, clear afternoon early in the summer of 1991. For months, Imbens and his colleague Joshua Angrist had been contemplating a variation on a question that had vexed philosophers and other observers of the world since the days of Aristotle: How do you prove causation? |