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EmergingFrontierMarkets.comemerging and frontier markets:the unofficial field guideSite
Owner / Publisher: Sta.
Romana, Leonardo L.
Based in: Manila,
Philippines;
and Southeast Asia
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. Posted on Thu, 25 Nov
2021: Lachman: Turkey's currency mistakes offer a bitter lesson for the world, Barrons, 19 Nov 21 [courtesy Amer Enterp Inst]: Rudi Dornbusch, the late MIT economist, famously said currency crises take a lot longer to occur than you would have thought possible. But when they do occur, they go faster than you would have thought possible. Turkey is now finding out the hard way how true this is, writes Inst senior fellow
Sachs: Fixing climate finance, Project Syndicate, 15 Nov 21 [via Author's site]: The COP26 in Glasgow suffered the same lack of trust between developing and developed countries that has burdened global climate negotiations for almost three decades. Financing is at the heart of the rupture, and the time has come for a new approach, writes Columbia U Ctr Sustainable Devt dir
C-suite: How to slash the cost of megaprojects while boosting delivery speed, Oxford Univ, 19 Oct 21: Research by Prof Bent Flyvbjerg of Oxford's Saïd Business School and the IT Univ Copenhagen has shown that there are two factors which decide the fate of any megaproject. They need to have modularity in design and speed in delivery if they are to succeed
Posted on Mon, 15 Nov
2021: COP26: What was agreed at the Glasgow climate conference?, BBC News, 15 Nov 21: A new global agreement - the Glasgow Climate Pact - was reached at the summit. It aims to reduce the worst impacts of climate change - but some leaders and campaigners say it does not go far enough. Although not legally binding, it will set the global agenda on climate change for the next decade
Book Value: Alacevich -- Proving Hamlet wrong: doubt and action in the life of Albert Hirschman, Columbia Univ Press (blog), Jan '21: Throughout his life, Hirschman made groundbreaking contributions to economics and the social sciences. Far from being a series of explorations followed without rhyme or reason, together they map out an intellectual trajectory of startling imagination and profound coherence, writes author of Albert O. Hirschman: An Intellectual Biography (Apr 2021)
Posted on Thu, 04 Nov
2021: What's at stake at the COP26 climate summit? Here's a guide to the make-or-break issues, CNBC, 30 Oct 21: Johan Rockstrom, director of the Potsdam Institute for Climate Impact Research and one of the world's most influential Earth scientists, says that he believes the success of the COP26 climate summit will come down to negotiations on five make-or-break issues
IEA says COP26 pledges bring climate goal close, experts urge caution, Reuters, 04 Nov 21: Net-zero emissions pledges and a commitment by leaders to cut methane, if enforced, could enable the world to limit global warming to below 2 degrees C, the International Energy Agency said. Nicholas Stern urged delegates "not to lose sight of the 1.5C", even as temperature projections improve
In Memoriam: Columbia Univ economist Ronald Findlay, United Nations Univ World Institute for Development Economics Research, 25 Oct: Findlay made many notable contributions to the theory of trade and development, and his 2007 book with Kevin H. O'Rourke Power and Plenty: Trade, War, and the World Economy in the Second Millennium is outstanding work, covering one thousand years of global economic history
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