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emerging and frontier markets:

the unofficial field guide

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

Latest Web Links -- Sat, 16 Sep 2017:

Bill & Melinda Gates: We need strong leadership to address "solvable human misery", Gates Foundation, 13 Sep 17:
It is a fact that disease and poverty are solvable. We invite everyone to focus on the solvable part of the equation. We are launching this report and will publish it every year until 2030. Let's be ambitious. Let's lead, write Foundation co-chairs        (Media release)

Michael Spence: The global economy's new rule-maker, Project Syndicate, 29 Aug 17 [via Council on Foreign Relations (blog)]:
China has a very large domestic market – to which it can control access – and its growth model is increasingly based on domestic consumption and investment, and less on exports. But how will China wield its increasing econ power?, asks 2001 Nobel Laureate

China banks fear US North Korea sanctions, BBC News, 12 Sep 17:
China's big banks have been quietly but surely weaning themselves off N.Korean money because of a fear of US repercussions. Bank branches near the N.Korean border said they've been instructed not to open any new accounts for that country's citizens and businesses

Site Notice: Due to the need to attend to an urgent personal matter, we will try our best to post TWICE a week until further notice. Thank you for visiting our site.
Posted on Sun, 10 Sep 2017:

Disasters, funds, and policy - Creatively meeting urgent needs and long-term policy goals, World Bank (blog), by Z Stanton-Geddes, 29 June 17:
When it comes to responding to disasters, time is of the essence. Help needs to come immediately to save lives; recovery and reconstruction have to start swiftly to lessen the impact, writes WB disaster risk mgmt specialist

Kenneth Rogoff: What on earth was India thinking when it banned the 500-rupee ($7.50) note?, PBS NewsHour (blog), 04 Sep 17:
Hate it or love it, almost everyone agreed that Modi's demonetization was something utterly remarkable, writes author of The Curse of Cash: How large-denomination bills aid crime and tax evasion and constrain monetary policy (2016)

America’s got talent, but not nearly enough, WSJ, by E Conard, 16 Aug 17 [courtesy Amer Enterp Inst]:
Pres Trump has proposed cutting the number of green cards issued each year and issuing them based on skill levels. Increasing skills-based immigration would be good for the economy. But this approach just gets it half right, writes Inst visiting scholar

Posted on Mon, 04 Sep 2017:

Stephen Haggard: What is N.Korea's goal with missile tests? Perhaps not what you think, San Diego Union-Tribune, 29 Aug 17:
The N.Korean missile tests all signal a dangerous development of capabilities. But what is our theory of the case? What is N.Korean leader Kim Jong Un doing?, asks co-author (with M Noland) of Hard Target: Sanctions, inducements, and the case of North Korea (2017)

Never in favor of demonetization, warned of damage – India's fmr cenbank gov Rajan in book, Press Trust of India, 04 Sep 17 [via NDTV]:
Fmr Reserve Bank of India gov Raghuram Rajan has stated that he had warned the govt of the damage of demonetization to the economy in Feb 2016, when he was asked for his views, he reveals in his new book I Do What I Do: On reform, rhetoric and resolve       (Q&A with Rajan, Times of India)

Iconoclast with a mission – a profile of Harvard's Ricardo Hausmann, Finance & Development, by C Andersen, Sep-Nov ’17:
Hausmann has been director of Harvard’s Center for International Development since 2005. He has used his time there to refine his thinking on econ growth and binding constraints - the one or two biggest hurdles to growth a country faces
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