emerging and frontier markets:
the unofficial field guide
Site Owner / Publisher: Sta. Romana, Leonardo L.
Based in: Manila, Philippines; and Southeast Asia
Latest Web Links -- Sun, 16 Jan 2022:
Expect more worrisome variants after omicron, scientists say, AP, 15 Jan 22:
Get ready to learn more Greek letters. Scientists warn that omicron's whirlwind advance practically ensures it won't be the last version. Omicron has an edge over its predecessors: It spreads way faster despite emerging on a planet with a stronger patchwork of immunity from vaccines and prior illness
Top geopolitical risks for 2022, Eurasia Group, 03 Jan 22:
While the inward turn of the two most powerful nations -- US and China -- lowers the odds of war, it also means less global leadership and coordination to respond to the world's challenges. Global neglect will allow looming crises in Iran and Ukraine to become more combustible
Bown: Semiconductors and pandemic resilience, World Trade Org, Nov '21:
One unsung pandemic-era hero was the mighty semiconductor. Millions were lucky to suddenly be able to work, school, or get healthcare from home. All those laptops, smartphones, medical devices and data servers needed chips. People could not travel, but open trade meant semiconductors could, writes Peterson Inst senior fellow
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Posted on Sat, 01 Jan 2022:
Ngaire Woods: The key to the Covid-powered challenges of 2022, Project Syndicate, 22 Dec 21 [via Irish Examiner]:
After a year in which people longed to get back to 'normal', it is now clear that Covid-19 will not make this possible. The pandemic, now heading into its 3rd year, has profoundly affected individuals, communities, and nations, creating four tough challenges for 2022, writes Oxford U’s Blavatnik Sch Govt dean
World's richest people now own 11% of global wealth, marking the biggest leap in recent history, Fortune, 08 Dec 21:
In '21, billionaires saw the steepest increase in their share of wealth on record, acc to the 2022 World Inequality Report. The jump comes as govts around the world poured money into their economies to mitigate the econ pain created by pandemic shutdowns. But that also boosted stock prices and real estate values
Michael Spence: Lessons from digital India, Project Syndicate, 29 Nov 21 [via Jordan Times]:
Over the past five years, India's mobile-internet and digital-services ecosystem has grown rapidly, owing to the pioneering efforts of large private-sector players. Although this industry-led growth is somewhat unusual, it offers a model that could benefit other developing countries, writes Nobel Laureate '01
Turkish lira on track for worst year in two decades under Erdogan, Reuters, 31 Dec 21 [via Business Recorder/ India]:
The lira - by far the worst performer in emerging markets in '21, as it was in previous years - is on a 5-day skid. The currency has whipsawed from 18.4 to 10.25 vs the dollar in the last 2 weeks alone, and is set to log its worst year since 2001, when the IMF lent support to stem a crisis. It stood at 13.36 on 31 Dec
Posted on Sat, 18 Dec 2021:
China's overtaking of US economy delayed to 2033, report says, Nikkei Asia, 15 Dec 21 [via Pakistan Defense]:
China's economic size is expected to surpass that of the US in 2033, not 2029 as predicted a year ago by the Japan Center for Economic Research, whose latest forecast says Beijing is damaging the country's growth potential by clamping down on high-tech and other big industries
NYT economist Paul Krugman says he got it 'wrong' when he repeatedly called inflation 'transitory', Mediaite, 17 Dec 21 [via MSN]:
Krugman wrote: "Mainstream economists are currently divided between what are now widely called Team Transitory and Team Persistent. Team Transitory, myself included, has argued that we're looking at a temporary blip. Credit where credit is due: So far, warnings about inflation have proved right"
Benjamin, Cooper, Heffetz, & Kimball: Measuring the essence of the Good Life, Finance & Development, Nov/Feb '22:
The search continues for a better gauge of prosperity than GDP alone. "What gets measured, gets treasured" is an important maxim. And perhaps equally important: "What we give weight to, we value", write economists from UCLA; Gordon Coll; Hebrew U Jerusalem/ Cornell U; and U Colorado, Boulder
Posted on Sun, 05 Dec 2021:
Okonjo-Iweala, Shanmugaratnam, Summers: Rethinking multilateralism for a pandemic era, Finance & Development, Dec/Feb '22:Recognizing this new reality of a pandemic era is nothing but prudent public policy. Incremental change within existing mechanisms has failed; we need a fundamental reset, write co-chairs of G20's High Level Independent Panel on financing the global commons for pandemic preparedness and response
Facing economic collapse, Afghanistan is gripped by starvation, lives of nearly 1 mil. children on the edge, NYT, 05 Dec 21 [via News18/ India]:
Nearly four months since the Taliban seized power, the country's hunger crisis has drastically worsened. This winter, around 23 mil. people -- more than half the population -- are expected to face potentially life-threatening levels of food insecurity, acc to the UN World Food Program and Food and Agric Org
Rockstrom and Raffel: Green business after COP26, Project Syndicate, 27 Nov 21 [via TimesKuwait]:
New global agreements notwithstanding, the world remains woefully behind in reducing greenhouse-gas emissions. Businesses are increasingly embracing the green challenge, but they need policy makers to meet them halfway, write Potsdam Inst Climate Impact Res dir; and Futurist Inst Sust'ble Transform.
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