emerging and frontier markets:
the unofficial field guide
Site Owner / Publisher: Sta. Romana, Leonardo L.
Based in: Manila, Philippines
Latest Web Links -- Tue, 10 Apr 2018:
Kenneth Rogoff: Will China really supplant US economic hegemony?, Project Syndicate, 03 Apr 18 [via Korea Times]:
As China and the US engage in their latest trade tussle, most economists take it as given that China will achieve global econ supremacy in the long run, no matter what happens now, writes recipient of the 2011 Deutsche Bank Prize in fin. econ
Which comes first in development: Good governance or econ growth? A surprising lesson from China, OECD (blog), 04 Apr 18:
For decades, positions have been sharply divided between those who advocate "fix governance first" and others who say "stimulate growth first", writes author of How China Escaped the Poverty Trap (2016)
Robert Shiller: The Trump boom is making it harder to see the next recession, NYT, 27 Mar 18 [courtesy Yale U]:
The truth is that we really can't foresee where the economy will be heading in a year or two, a limitation that is particularly troubling right now, in the midst of what may be called the Trump econ boom, writes 2013 Nobel Laureate
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Posted on Mon, 02 Apr 2018:
Bown and Irwin: Does Trump want a trade war?, WashPost, 21 Mar 18 [via Peterson Inst]:
"Trade wars are good, and easy to win," acc. to Pres Trump. His statement brings to mind the infamous Smoot-Hawley tariffs and the "trade wars" that accompanied the Great Depression of the 1930s, write Inst senior fellow; and Dartmouth College economist
Claude Barfield: For once, Trump's trade tactics hit the mark, The Hill, 28 Mar 18 [via Amer Enterp Inst]:
The Trump admin does so many foolish things in trade policy -- steel and aluminum tariffs on treaty allies -- that one can miss or discount cases where the Pres and his team are on target, writes Inst resident scholar / fmr Office of US Trade Rep consultant
Kaushik Basu: The ethics of reducing inequality, Project Syndicate, 30 Mar 18 [via Brookings Inst]:
To understand the logic and morality of inequality, it is worth digging further into the role of luck. It is not just that one part of a person's wealth is due to luck; rather, all of it is, writes Inst senior fellow / fmr World Bank chief economist
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