News and Analysis: 18-30 Nov 2016 | EmergingFrontierMarkets.com

Based in: Manila, Philippines

Posted on Wed, 30 Nov 2016:

How will the election affect the US economy?, Stanford News, 10 Nov 16:
Stanford economists John Taylor and John Cochrane offer their thoughts on the state of the economy and job growth and how it may look under Pres-elect Trump: Q--What are the factors that could affect the economy under Trump?; What are some of the potential challenges that could surface?

Michael Spence: Donald Trump and the New Economic Order, Project Syndicate, 29 Nov 16 [via Council on Foreign Rel.]:
Since the end of WW II, the hierarchy of econ priorities has been relatively clear. At the top was creating an open, innovative, and dynamic market-driven global economy, in which all nations can (in principle) thrive and grow. No more, writes 2001 Nobel Laureate

Trickle-down is not a tenable premise for development, 13 leading economists argue in Stockholm Statement, UNU, 22 Nov 16:
13 of the world's leading development economists - incl 4 fmr World Bank chief economists - have released the Stockholm Statement, in which they argue that inequality within nations is threatening social cohesion and econ progress, and development needs to be seen in a broader perspective

Posted on Mon, 28 Nov 2016:

Mazzucato & Jacobs: The Brexit-Trump syndrome - It's the economics, stupid, LSE (blog), 22 Nov 16 [via author's site]:
The election of Trump and the Brexit vote have both been widely interpreted as a revolt of the economically 'left behind', write co-editors of Rethinking Capitalism: Economics and policy for sustainable and inclusive growth (2016) {eBooks.com | Book Depository}

Hubbard/Hartley: Will the late Milton Friedman be Trump's best econ adviser?, Investor's Biz D, 25 Nov 16 [courtesy Columbia]:
This month marks 10 years since the death of Milton Friedman, the famous free-market economist. We hope that Pres-elect Trump, his econ team and the Republican Congress look to the ideas of Friedman, write Pres GW Bush's Council Econ Advisers chair; & Forbes contributor

China's free-trade opening in a world without TPP -- QuickTake Q&A, Bloomberg, 22 Nov 16:
With political clouds over the 12-nation Trans-Pacific Partnership, the spotlight shifts to the 16-nation Regional Comprehensive Economic Partnership (Asia-Pacific leaders consider next steps for TPP accord)

Posted on Fri, 25 Nov 2016:

Details needed to gauge impact of US pullout, says World Trade Org chief, AP, 24 Nov 16:
The impact of Donald Trump's threat to pull the US out of the Trans-Pacific Partnership trade deal or another trade pact will depend on what the pres-elect lays out as the alternative, WTO director-general Roberto Azevedo said

Gita Gopinath: Demonetization dos and don'ts, Project Syndicate, 24 Nov 16 [via Gulf Times/Qatar]:
Kenneth Rogoff proposes a different strategy to address the menace of black money – one that would be minimally disruptive and arguably more effective, at least in the long run. It would depart from PM Modi govt's intervention in two fundamental ways. writes Harvard economist

John Page: UN's Africa Industrialization Day - Moving from rhetoric to reality, Brookings (blog), 21 Nov 16:
Sunday, 20 Nov marked another such UN day. While the level of attention to industrializing Africa has increased since the last one, the growth in rhetoric has not been matched by the reality of industrial growth, writes Inst senior fellow

Posted on Wed, 23 Nov 2016:

What's the difference between TPP and TTIP, and why does Trump want them scrapped?, Telegraph/UK, 22 Nov 16:
On his day one at the White House, the pres-elect has vowed to withdraw the US from the Trans Pacific Partnership. By extension, he is also deeply critical of the Transatlantic Trade and Investment Partnership and is widely expected to either ditch or renegotiate the trade deal

As Trump kills TPP, China eyes December talks to fill trade void, Bloomberg, 23 Nov 16 [via AgWeb]:
The US withdrawal from the 12-nation Trans-Pacific Partnership -- reaffirmed by Trump in a videotape Mon -- has focused attention on a competing set of trade talks planned for Indonesia next week. The negotiations, unlike TPP, include China and not the US

The winner of the business book of the year award is. . ., FT, 22 Nov 16:
Sebastian Mallaby is the winner of the FT-McKinsey Business Book of the Year Award for The Man Who Knew: The life and times of Alan Greenspan. "The book is a masterpiece of political economy, and above all, a great and enjoyable read," said the FT editor {Powell's | Kobo eBook}

Posted on Mon, 21 Nov 2016:

Obama defends free trade at Asia-Pacific summit rattled by Trump, AFP, 21 Nov 16 [via Hurriyet Daily News/Turkey]:
At the APEC summit, there was particular concern about the future of a major US-backed pact - the Trans-Pacific Partnership, which Trump has vowed to kill off - and that China was positioning itself to forge ahead with its own trade deals and fill a vacuum left by any US withdrawal

US has failed to ease adjustment to globalization and free trade, says new book, Council on Foreign Relations, 03 Nov 16;
A new book, Failure to Adjust, by a Council senior fellow, reveals that US policy makers have long recognized the challenges that Americans would face in the new global economy, but mostly looked the other way (How Americans got left behind in the global economy) {eBooks | Alibris}

Robert Skidelsky: Slouching toward Trump, Project Syndicate, 21 Nov 16 [via New Europe]:
As Trump moves from populism to policy, progressives should not turn away in disgust and despair, but rather engage with Trumpism's positive potential, writes author of the award-winning biography of Keynes / UK House of Lords member

Posted on Fri, 18 Nov 2016:

Japan's Abe says after meeting with Trump that he is confident of building trust, Reuters, 18 Nov 16 [via AsiaOne/Spore]:
Japan PM Abe said he was confident of building trust with Trump following a meeting in which he sought clarity on campaign rhetoric from the pres-elect that cast doubt on long-standing US alliances. Media were shut out of the meeting, but images were released by the Japanese govt

Thomas Piketty: Agenda for another globalization, Le Monde (blog), 15 Nov 16:
Let it be said at once: Trump's victory is primarily due to the explosion in economic and geographic inequality in the US over several decades, writes author of The Economics of Inequality (2015); and Chronicles: On Our Political and Economic Crisis (2016) {Powell's | Book Depository}

Dani Rodrik: Straight talk on trade, Project Syndicate, 17 Nov 16 [via Korea JoongAng Daily]:
Are economists partly responsible for Trump's shocking victory? Even if they may not have stopped him, economists would have had a greater impact on the public debate had they stuck closer to their discipline's teaching, instead of siding with globalization's cheerleaders, writes Harvard economist

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