News and Analysis: 06-31 Oct 2017 | EmergingFrontierMarkets.com

Based in: Manila, Philippines

Posted on Thu, 26 Oct 2017:

Petri and Plummer: US must get back into the game in the Asia Pacific, The Hill, 23 Oct 17:
When Trump travels to Asia in early Nov, he will find the TPP pact alive and well. This and other trade deals in the works could leave the US regretting its withdrawal, write co-authors of The Trans-Pacific Partnership: A quantitative assessment

Nicholas Lardy: Focus on financial risk puts China on a more sustainable path, FT, 22 Aug 17 [courtesy Peterson Inst]:
After years of hyper rapid credit growth, China’s leadership now has a laser-like focus on reducing financial risk. Not so long ago this issue was met with official silence, writes author of Markets over Mao: The rise of private business in China

Should we move to a mostly cashless society? Yes, says Rogoff, No, says McAndrews, WSJ, 25 Sep 17 [PDF, courtesy Harvard]:
Harvard's Rogoff says reducing the supply of cash in the US could help lower crime and make the Fed's job easier, but Univ Pennsylvania's McAndrews worries about the impact on legal activities

Posted on Thu, 19 Oct 2017:

Jeffrey Sachs 15 questions about tax reform, Boston Globe, 12 Oct 17 [courtesy Columbia U]:
With Pres Trump pushing his tax reform proposal last week, here’s a look at what his plan would do to the US economy, writes author of Building the New American Economy: Smart, fair and sustainable (Feb 2017)

As European banks retreat from the world stage, China is stepping up, Harvard Bus. Rev, 25 Sep 17 [courtesy McKinsey]:
While many large banks headquartered in advanced economies are firmly on the back foot, China is leading something of a changing of the guard in global finance. And it is not alone, write McK partner (Global Inst); and senior partner (banking)

Trouble in the making? The future of economic development via export-led manufacturing, World Bank, 20 Sep 17:
While smart automation, advanced robotics and 3-D printing threaten significant disruptions in future employment, esp. for low-skilled workers, they also offer opportunities for developing nations, acc. to a new report

Posted on Sat, 14 Oct 2017:

Why has Trump not attacked the World Bank and the IMF?, Council Foreign Relations (blog), 12 Oct 17 [via Newsweek]:
A big surprise of Trump's "America First" presidency has been the moderate tone he has adopted toward the World Bank and IMF, which hold their annual meetings in Wash this week, writes CFR global governance prog dir

Dani Rodrik: Growth without industrialization?, Project Syndicate, 10 Oct 17 [via Times of Oman]:
Despite low world prices for the commodities on which they tend to depend, many of the world’s poorest economies have been doing well. This is all good news, but it is also puzzling, writes International Economic Association pres-elect

Is globalization good?, Amer Econ Assn News, 29 Sep 17:
Economists generally believe that intl trade makes countries wealthier. But while they debate the consequences of modern globalization, the past provides a cautionary tale. The 1st wave of globalization took place during the late 19th century

Posted on Mon, 09 Oct 2017:

2017 Nobel Prize in Economics -- Awarded to Richard Thaler "for his contributions to behavioral economics", 09 Oct 17:
His contributions have built a bridge between the econ and psychological analyses of individual decision-making. His empirical findings and theoretical insights have been instrumental in creating the new field of behavioral econ, which has had a profound impact on econ research and policy

Eswar Prasad: How China aims to limit the West's global influence, NYT, 01 Sep 17 [PDF, courtesy Cornell Univ]:
Skeptics have derided the notion that China, which has resisted dropping the many barriers that restrict the free flow of goods and capital across its borders, is suddenly all-in on globalization. But this criticism misses the bigger picture, writes Cornell U economist

Paul Collier: Investing in Africa gets easier, Milken Inst, 19 June 17:
There are certainly structural reasons to believe that the potential returns to GDP-generating investment in the continent are inviting. But to date, the potential remains just that: potential, writes Oxford Univ economist

Posted on Fri, 06 Oct 2017:

Joseph Stiglitz: Déjà voodoo, Project Syndicate, 05 Oct 17 [courtesy Columbia Univ]:
While Trump the candidate criticized the growth of US national debt, he now proposes tax cuts that would add trillions to the debt in just the next ten years. Yet the key lesson of Reagan's "voodoo" supply-side econ has not changed, writes 2001 Nobel Laureate

Martin Feldstein: The international consequences of US tax reform, Project Syndicate, 27 Sep 17 [courtesy Harvard]:
The current US rule is unique. Consider a US subsidiary that earns profits in Ireland. It pays the tax at Ireland's low 12% rate. It is then free to reinvest the profits in its operations anywhere - except the US, writes Pres Reagan’s Council Econ Advisers chair

Using citations to forecast Nobel Prize winners – Citation Laureates, Clarivate Analytics (fmr Reuters Sci), 20 Sep 17:
These are the scientists and economists whose publications have been cited so often by their colleagues – and thus who have been so influential – that they are forecast as potential recipients of the Nobel Prize in this year or in the future

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