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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 Fri, 23 Dec
2022: Yergin: Bumps in the energy transition, Finance & Development, Dec '22: Despite a growing global consensus, obstacles to reducing net carbon emissions to zero are stark. The objective of this transition is not just to bring on new energy sources, but to entirely change the energy foundations of what today is a $100 trillion global economy, says Pulitzer Prize author and vice chair of S&P Global Nature deal gets finance, business thumbs up, yet hurdles remain, Reuters, 20 Dec 22 [via US News & WR]: A landmark deal, the Kunming-Montreal Global Biodiversity Framework agreed at UN talks, aims to set ground rules to stop and reverse the destruction of ecosystems that support all life on Earth. It sets out goals incl protecting 30% of the world's land and sea by 2030, as well as finding $200 bil a year to pay for it
Bethlehem welcomes Christmas tourists after pandemic lull, AP, 15 Dec 22: Tourists are hungry to visit the Holy Land's religious sites after suffering through lockdowns and travel restrictions in recent years. On a recent day, dozens of groups from virtually every continent posed for selfies in front of the Church of the Nativity, built on the grotto where Christians believe Jesus was born Posted on Wed, 30 Nov
2022:
Have the anti-capitalists reached Harvard Business School?, NY Tines, 28 Nov 22 [via Boston Globe/ NYF]: They study accounting and negotiation. They learn about DCFs (discounted cash flows) and the three C's (company, customers and competitors). But today's business school students are also learning about corporate social obligations and how to rethink capitalism Nuclear power is not the answer, Project Syndicate, by A Frogatt, 16 Nov 22 [via Jamaica Gleaner]: As world leaders discuss the global decarbonization agenda, they should focus on the technologies that can be deployed rapidly and universally. That means de-emphasizing nuclear power, which was no longer competitive with solar and wind even before this year's geopolitical turmoil, writes World Nuclear Industry Status Reports co-author
Robert Shiller created an index that shows investors' fear of a stock market crash. Here's what it's saying now, MarketWatch, by M Hulbert, 15 Oct 22 [via MSN]: We're able to study the relationship between the stock market and crash anxiety because of a monthly survey of investors that Yale University finance professor Robert Shiller has been conducting since 2001
Posted on Wed, 16 Nov
2022:
Will the COP27 in Egypt see progress on 'loss and damage' from climate change?, Context.news, 14 Nov 22: As large swathes of the planet struggle with climate-inflicted woes, from floods in Pakistan to drought in the Horn of Africa, the thorny issue of how to address "loss and damage" driven by global warming is moving up the political agenda fast. Pressure is growing for new sources of global funding to repair the harm
Hausmann: Green growth opportunities -- How developing economies can capitalize on the green transition, Finance & Development, Dec '22: Asking countries to contribute to global decarbonization by prioritizing the reduction of their own carbon footprints is an unhelpful framework. Creating value and livelihoods at home by helping the world decarbonize is a more promising proposition, writes Harvard Growth Lab dir Emerging US battery supply chain should be wary of China's information ops, The Hill, by F Villalobos, 15 Nov 22 [courtesy RAND (blog)]: China has a huge stake in producing lithium-ion batteries, and is not above waging disinformation campaigns against US firms involved in the battery supply chain. Extraction sector firms could work with cyber security experts/ intelligence community to educate their execs and local govts about the risks, writes RAND engineer Posted on Sat, 29 Oct
2022:
Prasad: The dollar's rise shouldn't hold back the Fed, Barron's, 20 Oct 22 [pdf, via Cornell U]: Yes, the rising US dollar is causing havoc around the world. No, the Fed shouldn't hold back on raising interest rates on account of that. That would only cause more problems later, writes Cornell Univ economist and Brookings Inst senior fellow / author of The Future of Money (2021) Lee: How to save emerging economies from another crisis, Project Syndicate, 21 Oct 22 [via AZVision/ Azerbaijan]: Emerging economies now face a policy dilemma. They can allow continued capital outflows and currency depreciation, and watch prices – esp. of imported goods, incl food – continue to rise. Or they can follow the US example and hike interest rates, effectively smothering the pandemic recovery, writes Seoul Nat'l Univ economist / Vice chair of S Korean Pres's Nat'l Econ Advisory Council Obstfeld: Emerging-market and developing economies need support amid rising interest rates, Peterson Inst (blog), 06 Oct 22: Central banks around the world have been correct to take decisive action against inflation. But their belated scramble to hike rates on an accelerated schedule is forcing a rapid financial tightening onto emerging and developing economies, writes Inst senior fellow / fmr IMF chief economist and member of US Pres's Council of Econ Advisors Posted on Mon, 10 Oct
2022:
2022 Nobel Prize in Economics -- Awarded "for research on banks and financial crises" to Ben Bernanke, Douglas Diamond, and Philip Dybvig, 10 Oct 22: The Great Depression of the 1930s paralyzed the world's economies for many years and had vast societal consequences. However, we have managed subsequent financial crises better, thanks to research insights from this year's laureates. They have demonstrated the importance of preventing widespread bank collapses Yellen warns of acute 'spillover' effects of interest rate hikes on developing countries, The Hill, 06 Oct 22: Treas Secy Janet Yellen on Thurs (06 Oct) acknowledged the negative effects that continued interest rate hikes by the US Federal Reserve and other central banks are having outside their borders. "It is important to recognize that macroeconomic tightening in advanced countries can have international spillovers", she said |