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Emerging Economies

The Brazilian Debt Hangover

Otaviano Canuto | Posted 01.22.2017 | World
Otaviano Canuto

In previous pieces, we have analyzed the run up to the still-ongoing Brazilian recession as a combination of factors. Given an "anemia" of productivit...

A Straitjacket to Help Brazil Fight Fiscal Obesity

Otaviano Canuto | Posted 10.11.2016 | World
Otaviano Canuto

Brazil's GDP contraction since mid-2014 has multiple non-fiscal roots - Canuto (2016a; 2014) - but it has morphed into an unsustainable fiscal traject...

Tales Of Emerging Markets

Otaviano Canuto | Posted 08.06.2016 | World
Otaviano Canuto

A propensity to undergo periodic episodes of instability and volatility in global financial markets will persist. Get ready for a continuous dispute between the two financial tales about EM, as well as to increasing efforts of differentiation among their assets.

Capital Flows and Deleveraging in Emerging Markets: the Great Portfolio Rebalancing

Otaviano Canuto | Posted 02.25.2017 | World
Otaviano Canuto

Capital outflows from emerging market economies have substantially accelerated since last year. The cycle of intense debt leveraging that took place in those economies after the 2008 crisis has also started to reverse.

Has the Global Trade-Development Link Peaked?

Otaviano Canuto | Posted 01.26.2017 | World
Otaviano Canuto

Developing countries and emerging market economies have benefited from opportunities to transfer technology from abroad and to undergo domestic structural transformation via trade integration.

Whither Emerging Markets Foreign Exchange Reserves

Otaviano Canuto | Posted 12.15.2016 | World
Otaviano Canuto

7640413 After a exponential rise in foreign exchange reserves accumulation by emerging markets from 2000 onwards, the tide seems to have turned south since mid-2014.

Why Emerging Markets Have Stopped Emerging

Bill Emmott | Posted 08.19.2016 | World
Bill Emmott

LONDON -- The main determinants of an emerging economy's ability actually to emerge, sustainably, are politics, policy and all that is meant by the institutions of governance. More precisely, although countries can ride waves of growth and exploit commodity cycles despite having dysfunctional political institutions, the real test comes when times turn less favorable and a country needs to change course.

The West Should Not Resist the BRICS' Aim to Build a More Equal World

Shashi Tharoor | Posted 07.13.2016 | World
Shashi Tharoor

NEW DELHI -- To the extent that the West resists the claims of the BRICS members to places of honor on the world stage, the greater will be the incentive for the BRICS countries to consolidate their own alternative system and view of the world.

Morality, Religion and Experimenting on You

Robert Klitzman, M.D. | Posted 06.04.2016 | Religion
Robert Klitzman, M.D.

To improve the process of ethical oversight of research, we need to change our attitudes, and recognize far more fully that complicated moral issues, strains and vagaries are involved.

The BRICS Bank Signals the End of the American Financial Empire and U.S. Dollar Hegemony

Dr. Nasser H. Saidi | Posted 09.19.2014 | World
Dr. Nasser H. Saidi

Establishing the BRICS Bank is a momentous event The July 2014 BRICS (Brazil, Russia, India, China, South Africa) Summit was a momentous event, more ...

China Helps Africa to Develop

Dambisa Moyo | Posted 12.05.2014 | World
Dambisa Moyo

China remains a potent economic growth engine and a crucially important catalyst for poverty reduction across the world, and this is likely to remain true over the next decade. And regions such as Africa, home to the largest amount of untilled arable land left on earth, have much to gain from cooperation and engagement with China.

Good Governance Matters in Whether Societies Go Backward or Forward

Kemal Dervis | Posted 05.17.2014 | World
Kemal Dervis

It is the nature of governance that determines whether people deploy their talents and energy in pursuit of innovation, production and job creation, or in rent-seeking and lobbying for political protection. The contrast is starkest in emerging countries, but differences also exist among the advanced economies.

Putin's Sochi Challenge

Daniel Wagner | Posted 04.07.2014 | World
Daniel Wagner

While Mr. Putin may rightly bask in the light of his many accomplishments in foreign policy, and having presided over the energy boom that thrived during much of his first term in office, he is now faced with some serious issues that cast a pall over Sochi.

China and Emerging Markets: Riding Wild Horses

Otaviano Canuto | Posted 04.05.2014 | Politics
Otaviano Canuto

The world has kept close watch on the ongoing downward adjustment of China's shadow banking system -- credit intermediation involving entities and activities outside the regular banking system -- with the near-default of a large trust product during the last few weeks being part of the worrisome news coming from the country.

No One's World

Charles Kupchan | Posted 11.26.2014 | World
Charles Kupchan

The West's power is fading, and emerging economies are gaining ground. In the near future, the world will have numerous centers of power, founded on alternative models. This change can take place in an orderly and peaceful way if the West recuperates its leadership role, and to do so, it will have to relaunch its economy and its democratic institutions. The twenty-first century will not belong to the United States, Europe or China. It will be no one's world.

The 'Expectation Revolution' Is Rattling Chile, Turkey and Brazil

Kemal Dervis | Posted 03.23.2014 | World
Kemal Dervis

Big challenges lie ahead for the emerging economies. To avoid serious social and political pressures, growth has to be not only rapid, but broad based and equitable, in the sense that if there are steep income increases for some accompanying rapid growth, they must be perceived as deserved by effort and job creation, and not due to exploitation of rents or political favours.

Global Economic Growth Forecast Cut By IMF: Implications Are Sobering

Sheldon Filger | Posted 01.23.2014 | Business
Sheldon Filger

How much longer can major economies like the U.S. engage in historically unprecedented levels of monetary and fiscal stimulus that provides, at best, levels of economic growth so unimpressively marginal?

The Truth Behind Emerging Economies: Colombia Case

Felipe Ángel | Posted 01.23.2014 | World
Felipe Ángel

America's financial and economical decisions will have an effect on emerging economies in the times to come. The reversal of flows will destabilise emerging economies, and an effort to attract investment will have to be made in order to keep the increasing growth rates in the GDP.

Why Is President Aquino So Popular? Effective Leadership and Enigmatic Charisma

Richard Javad Heydarian | Posted 11.26.2013 | World
Richard Javad Heydarian

What's fascinating with Aquino's popularity, not exactly his policies, is his ability to maintain public support despite repeated crises questioning his leadership.

The Emerging Markets' Summer Meltdown: Is It Ben Bernanke's Fault This Time?

Bhaskar Chakravorti | Posted 11.09.2013 | Business
Bhaskar Chakravorti

How are the trials and tribulations of the rupee, the Brazilian real, the Turkish lira, the South African rand and the Indonesian rupiah connected?

Mapping a New Era for Latin America, the United States and Europe

Gabriel Sanchez Zinny | Posted 07.21.2013 | Latino Voices
Gabriel Sanchez Zinny

With Latin America on the rise, there are many areas for cooperation, and many problems that demand closer ties.

Investment Grade Philippines: Bouts of Irrational Exuberance?

Richard Javad Heydarian | Posted 07.07.2013 | World
Richard Javad Heydarian

While the pre-recession U.S. ignored growing structural imbalances in the real estate sector, financial markets, and external trade relations, the Philippine government is obsessed with emphasizing the boom in the stock markets, real estate and foreign exchange reserves.

'Just Jobs Index' Launches: What the IMF, World Bank and G20 Won't Discuss

Michael Shank, Ph.D. | Posted 06.20.2013 | Politics
Michael Shank, Ph.D.

While the International Monetary Fund, the World Bank and the G20 meets in Washington DC this weekend to discuss economic growth, a completely differe...

Elevator Assets and the Rules for the New Mercantilism -- Israel, Russia, China and the United States

Edward Goldberg | Posted 06.07.2013 | World
Edward Goldberg

Israel, dubbed the "Start Up Nation," with its increasing economic dependence on technology, could be the first nation to see the beginnings of this covert clash between its human assets and its state policy.

Hotel In Haiti Symbolizes Future Growth

Tanyella Evans | Posted 04.23.2013 | Impact
Tanyella Evans

Coming to Haiti "for business" may seem like a contradiction in terms to anyone familiar with the headlines on this impoverished nation. Nevertheless,...