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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 Sun, 23 Apr
2023:
Frist: Earth Day 2023 -- Here's how we can think globally and act locally, Nashville Tennessean, 21 Apr 23 [via Yahoo News]: Today our planet faces the accelerating loss of plant and animal species at an alarming rate. As a physician, I view both crises – biodiversity loss and climate change – through a lens of their impact on the health and well-being of people, says US senator and global board chair of The Nature Conservancy The Green Future Index -- Monitoring the nations' progress toward developing a sustainable, low-carbon future, MIT Technology Review, 30 Mar 23 [via PR Newswire]: In the 3rd annual ranking of 76 nations and territories, all but 3 mations in the top ranks for '23 were in the same cohort for '22. Iceland remains top-ranked, and only one of the top 10 (SKorea) was not European. As in past years, the highest-ranked emerging economy is Costa Rica, in 24th place Chinese EV dominance hastens end of petrol engine era, AFP, 22 Apr 23 [via Yahoo News]: This year's Shanghai Auto Show signaled the end of the petrol engine era in China, as domestic electric vehicle brands drive change across the sector and leave foreign companies in the dust. It has shown Chinese brands "can compete with all of the legacy automakers in every way", says an EV specialist
Posted on Fri, 31 Mar
2023:
Rajan: For central banks, less is more, Finance & Development, Mar/May '23: Not long ago, central bankers of industrialized countries were heroes. Now they stand accused of botching their most basic task, keeping inflation low and stable. Did central banks get it all wrong? If so, what should they do?, asks former governor of the Reserve Bank of India / Univ Chicago economist
Switzerland's most successful banker returns to steer the merged UBS-Credit Suisse giant, Fortune, 29 Mar 23: Heeding the "call to duty", Sergio Ermotti returns to his old post as CEO of the Swiss wealth manager with a massive task on his plate: Integrate not just one "global systemically important financial institution" into another, but two archrivals at that, all the while minimizing risks to the Swiss taxpayer US automaker takes stake in Indonesia nickel project to ensure EV supply chain, Bloomberg, 31 Mar 23 [via crast.net]: Ford will take a direct stake in a battery-nickel plant under construction in Indonesia, deepening its role in the supply chain as carmakers try to secure materials for electric vehicles. Global carmakers are racing to ensure a long-term flow of materials such as lithium, cobalt and nickel as demand balloons Posted on Sun, 12 Mar
2023:
Silicon Valley Bank fallout spreads around world from London to Singapore, Bloomberg, 12 Mar 22 [via Y Finance]: Fears of contagion have reached Canada, India and China. In the UK, SVB's unit is set to be declared insolvent and is no longer taking new customers. On Sat, the leaders of roughly 180 tech companies sent a letter calling on the UK Chancellor to intervene. SVB also had branches in Denmark, Germany, Israel and Sweden
Silicon Valley Bank's demise began with downgrade threat, Reuters, 11 Mar 22 [via Y Fin]: In the middle of last week, Moody's Investors Service Inc delivered alarming news to Silicon Valley Bank: the ratings firm was preparing to downgrade the bank's credit. That phone call began the process toward Fri's (10 Mar) spectacular collapse of the startup-focused lender, the biggest US bank failure since the 2008 financial crisis
How to set top tax rates without deterring innovation, Stanford U News, Sep '22: The classic argument for lower rates holds that they decrease incentives to hide wealth and encourage the rich to save and invest. On the flip side, advocates of bringing back higher rates say they would maximize tax revenue, which could be used to reduce economic inequality Posted on Mon, 13 Feb
2023:
El Erian: There is more inflation complexity ahead, Project Syndicate, 11 Feb 23 [via Jordan Times]: As US inflation gradually eases, the claim that today's inflationary pressures are the result of a temporary supply shock has re-emerged. While this thesis may be comforting, it could make an already serious problem much harder to solve, writes author of The Only Game in Town: Central banks, instability, and avoiding the next collapse (2016) Huang and Lardy: China's support for the private sector is only lip service so far, Peterson Inst (blog), 07 Feb 23: After its sluggish econ performance in '22, China is said to be poised to resume growth this year and beyond. But that expansion depends not only on a recovery of household consumption but also on much more robust private investment and a concurrent decline in state investment, write Inst China prog coord; and senior fellow "Pacers" help entrepreneurs in emerging economies stay in the race, Stanford Univ, by Rammohan, Weiss, Teter & Sørensen, 30 Jun 22: Small- and medium-sized enterprises (SMEs) create and sustain a substantial portion of jobs in emerging economies. SMEs in Africa and India need ongoing support to keep growing. Our research has uncovered a novel type of org that we call a pacemaker org, or pacer, which offers an alternative for emerging-market entrepreneurs
Posted on Sat, 14 Jan
2023:
Davos expects record turnout as it resumes winter slot, Reuters, 10 Jan 23 [via MSN]: Criticized by some as a talking shop for the jetset that merely adds to the world's carbon footprint, the forum insists it has the power to bring decision-makers together in a world facing multiple crises amid growing geopolitical mistrust. "We are all stuck in a crisis mindset," said World Econ Forum exec chair/ founder Schwab Rogoff: The looming financial contagion, Project Syndicate, 05 Jan 23 [via EJ Insight/ HK]: The fact that the world did not experience a systemic financial crisis in 2022 is a minor miracle, given the surge in inflation and interest rates, not to mention a massive increase in geopolitical risk. But with public and private debt having risen to record levels, the global financial system faces a huge stress test, writes fmr IMF chief economist
Hendrix & Bazilian: Markets for critical minerals are too prone to failure, Barron's, Dec '22: Last Mar, the London Metals Exchange suspended nickel trading after prices spiked over 250% in two days. Much of the spike occurred in an 18-minute window that -- if the LME's court filings are to be believed -- almost caused the collapse of the nickel market and the LME itself, write Univ Denver & fmr World Bank energy economists |