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Portfolio:  Hal Varian--What can we learn from how a manager
invests his own money?:  CEOs often receive large grants of options & stock as compensation. Do sales of these indicate bad prospects or prudent investment behavior?, NYT (via UC Berkeley site),  15 Dec 05

Nariman Behravesh:  Top 10
economic predictions for '06 -- Prediction # 1: Solid growth will last for at least another year,  Global Insight (formerly DRI-WEFA),  14 Dec 05

Joseph Stiglitz:  The
development round that wasn't -- Developing countries are facing hard choice: will they be better off accepting the crumbs being offered to them?,  Project Syndicate via The Nation (Thailand),  14 Dec 05;  and

J Stiglitz & A Charlton:  'Fair Trade for All -- How trade can promote devel.,' 
Commonwealth report ver. & slide presentation (via Columbia site) |  Oxford U Press (Dec '05)

Pascal Lamy: 
Aid-for-trade -- Helping developing countries benefit from new trading opportunities,  DACNews (OECD),  Nov-Dec '05 (Related link: Inst Intl Econ brief--Cline's Achieving a grand bargain in Doha Round, Dec '05 [pdf])

Asia edges
towards community:  The inaugural meet of 16 leaders ended w/ agreement to hold annual talks on trade & security issues, Reuters via swissinfo, 14 Dec 05  (Link to:  Kyodo [Jap.] News via Y! -- Gist of EAS declaration; & full text)

Editorial:  The stakes in
Hong Kong -- For a brief moment after '01 terrorist attacks, world's leading nations wanted to extend ladder of opportunity to poor nations,  Washington Post (free registr. req'd),  13 Dec 05

Boardroom:  First class --
The engineer:  The leading intl airline from Asia-Pac is rebounding nicely from one of its toughest periods under low-profile CEO. But the competitive set is getting less exclusive,  by J Doebele,  12-26 Dec 05

Jeffrey Garten:  To save world trade--
Plan B:  In Seattle & in Cancun, key govts were caught off guard. This time there is no excuse for not having a plan to turn a potential disaster into a positive,  Newsweek,  12-19 Dec 05

Peter Mandelson: 
The EU has yielded enough -- Its trade commissioner says that if its WTO partners take serious steps in key areas, they might have the credibility to ask Europe to revisit its agric policies, NYT via IHTrib, 12 Dec 05

Kenneth Rogoff: 
Who's dependent now?--If the late Argentine economist Raul Prebisch were alive today, he no doubt would wonder whether the world had turned upside down,  Project Syndicate via Daily Times (Pakistan),  11 Dec 05

Doha, dear...:  America's new trade negotiator sees a drop of golden sun,  by Mary O'Grady,  Wall Street Journal,  10 Dec 05 (Related link: Congress Budget Ofc--Effects of liberalizing world agricultural trade, w/ exec sum)

Top Bush aides test bird flu
preparedness:  White House conducted test of its readiness w/ four-hour tabletop drill,  Reuters, 10 Dec 05 (Link to:  White Hse--Q&A re drill;  & Congress Budget Ofc--Possible econ effects of pandemic, w/ exec sum)

Coffee/tea break:  Alan Krueger--Job satisfaction is not just a
matter of money:  People appear to grow accustomed to changes in material rewards more easily than they do to daily stresses of work,  NYTimes (via Princeton site), 9 Dec 05

Fred Bergsten: 
Look further than trade to save Doha -- The G7 & G20 - w/c bring together rich nations & emerging markets - will have to make '06 "year of Doha" if world is to avoid severe disruption of trading system,  FT(via IIE site), 9 Dec 05

Financial
Market Update:  Improving fundamentals & search for yield have made emerging mkts more resilient. Yet some are likely to be susceptible to increased risk aversion in external mkts,  by Global Markets Anal. Div.,  posted by IMF  9 Dec 05 [pdf]

Celso Amorim: 
Unfinished business--Brazil's foreign minister says rich nations cannot expect more concessions in industrial goods & services from developing countries than what they are willing to offer in agric,  IHTribune,  9 Dec 05

High hopes, conflicting agendas ahead of key
Asian Summit:  As leaders of 10 SEAsian nations, along w/ 6 other nations, meet in KL, preeminent Asia-Pac power is taking watch-&-see attitude, Cybercast News Serv, 9 Dec 05 (Link to: Malaysian News Ag.--US can join EAS but must accede to treaty)

Nobel Prize Lectures in Economics: 
Robert Aumann -- 'War and peace';  and Thomas Schelling -- 'An astonishing sixty years',  posted by Nobel Foundation
9 Dec 05  [Video on-demand, Real Player req'd--for
free download]

G Mankiw & P Swagel:  Intro to politics & economics of
offshore outsourcing-- During '04 pres. campaign, no econ issue generated more heat or shed less light than this debate. To some extent, this is report from inside eye of storm,  AEI Online,  8 Dec 05 (incl link to extended paper)

Jagdish Bhagwati:  From
Seattle to Hong Kong--Are we getting anywhere?: The Doha Round's history to date is in keeping w/ way previous rounds have turned into roller coaster rides, w/ near breakthroughs followed by near breakdowns,  to appear in Foreign Affairs,  Jan/Feb '06 (via Columbia site) ; 

Dani Rodrik:  Let the
Doha Round fail -- Imagine that world's trade ministers simply walk away from coming HK WTO meet to declare: 'We failed to reach an agreement',  Project Syndicate via Yemen Times,  25 Nov 05;  and

Nook & cranny: 
Anti-what? -- Does a coherent 'anti-globalization' position still exist? This year, some dust appears to have settled around the debate,  Harvard Center for International Development,  Apr '05 [pdf]

Funds blowing
foreign bubbles?:  Intl money managers are pouring funds at a record pace into emerging markets of Latin America, Asia, Eastern Europe & Africa,  by P Blustein,  Washington Post (free registr. req'd),  8 Dec 05

Editorial:  Trade --
Do despair:  The global trade round betrays a hopeless lack of urgency and ambition,  The Economist,  8 Dec 05  (incl link to:  EU's farm follies)

Arminio Fraga: 
A fork in the road -- Brazil's fmr central bank head says in the coming year of elections, Latin America faces a choice between populism and deeper reform,  Finance & Development,  Dec '05

Bush shifts priorities in
rebuilding Iraq to smaller projects:  His critics-and Iraqis themselves-have long argued that early focus on huge electricity, water and fuel projects was misguided, by D Sanger & assoc, NYT via The Ledger,  8 Dec 05

Rise of a
powerhouse -- Special report:  How the young knowledge workers of Central Europe are pushing the region to a new level,  by J Ewing & assoc,  Business Week,  5-12 Dec 05

Laura Tyson:  Those
manufacturing myths -- Germany is losing jobs faster than the US, even with a large trade surplus,  Business Week,  5-12 Dec 05

James Womack:  Mr. Ford's
wrong turn -- Why US automakers can't blame Japan:  An industry study co-author says Ford had it exactly backwards when
he said his co. can compete w/ Toyota, but not w/ Japan, WashPost(free registr reqd),  4 Dec 05

Coffee/tea break: 
Surf's up -- When you're lying on a beach in Mauritius and suddenly have the urge to surf - the Web that is, not the waves - you're in luck, by S Robinson,  Time,  3 Dec 05

Developing strength:  The emerging stock markets of Europe seldom snatch the limelight in a crowded investment universe unless something bad happens,  by C de Aenlle,  International Herald Tribune,  2 Dec 05

Bjorn Lomborg:  The relative unimportance of
global warming -- We should  concentrate on investments in making energy w/o CO2 emissions viable for our descendants, Proj Syndicate via Taipei Times, 2 Dec 05 (in this bilingual site, a 'language pack installation' sign may pop up-pls. select "cancel");  and

Jeffrey Sachs:  Changing
climate change--The 10 warmest years on record have all occurred since '90, & '05 is likely to be the warmest ever,  Project Syndicate via Daily Times (Pakistan),  28 Nov 05

Boardroom: 
Red alert for Fin Svcs Auth workers--Regulator tests terror attack measures,  by K Harrison,  icThewharf,  1 Dec 05 (Link to:  Times of Lond.--Disaster looms in City-but pls don't leave ofc;  & FSA--Fin sector market-wide exercise)

Asian economic outlook bright, China robust,
OECD says:  Asian econ should continue to show solid growth in next 2 yrs; China should let yuan appreciate, Reuters via Fin. Express (Bangladesh),  1 Dec 05  (Link to:  OECD--Economic Outlook;  & Next OECD head is fmr Mexican fin min)

Editorial:  Gold -- The
little yellow god:  Even at $500, it's still a barbarous relic, The Economist,  1 Dec 05

Diana Farrell:  Debunking myths about Asia's
service industries--The emphasis on boosting offshore services risks overlooking a far larger, though less fashionable, opportunity - that of stimulating domestic-services sector, Wall St J (via McKinsey site),  30 Nov 05

Robert Shiller: 
Home sweet second home -- Most people who couldn't possibly afford it probably don't miss it,  Project Syndicate via The Edge (Malaysia), 
29 Nov 05

Richard Holbrooke:  AIDS -- The
strategy is wrong:  The pres. of Global Biz Coalition on HIV/AIDS says that on this World AIDS Day, many empty words & promises will be heard, Washington Post (free registr reqd),  29 Nov 05; and

Jim Yong Kim:  How to
turn the corner on AIDS--The director of WHO's HIV-AIDS Dept admits that good news is hard to find in a new UN report, but he is nonetheless optimistic the epidemic can be stopped,  Wash. Post,  23 Nov 05

US declines a chance to criticize
yuan policy: In report issued by Treasury Dept every 6 mos. on currency policies of trading partners, it did not accuse China of manipulation,  by E Andrews,  NYTimes via IHTribune,  29 Nov 05  (Link to: Secy. Snow's statement, w/ link to report)

Nariman Behravesh: 
What could derail the current expansion? -- Each of risks on their own might do only limited damage, but not if two or more were to happen simultaneously,  Global Insight (formerly DRI-WEFA),  28 Nov 05

Q&A with Michael Kremer--Making
drugs affordable:  Every year, many poor people die of diseases because big drug cos. have little incentive to produce affordable cures. Here's a possible solution,  by R Foroohar,  Newsweek Issues 2006, 28 Nov 05 (Link to: Ctr Glob Dev brief--Making mkts for vaccines[pdf])

Seminar room: 
Shaking up Oxford--Will CEO-turned-vice-chancellor be able to pull off major restructuring of one of world's oldest institutions?,  by S Reed & assoc,  Business Week,  28 Nov-5 Dec 05 (Link to: Times Higher Educ Suppl--World university rankings '05[pdf]; registr reqd for free trial)

Stephen Roach: 
No bang from this buck -- Even if Asia avoids the pitfalls of a further strengthening of the dollar, it still faces two big risks,  Time,  27 Nov 05

Portfolio: 
Profiting in emerging markets--Emerging-market stocks have surged 128% since end of '02, compared with 31% rise in Dow Jones Industrial Ave. over the same period,  by C Karmin,  Wall Street Journal,  26 Nov 05

Coffee/tea break:  Time zones --
Istanbul's intercontinental commute:  By 20 minutes on the Bosporus,  Washington Post (free registr. req'd),  24 Nov 05

Charles Wolf: 
Shareholders don't shoot each other--Privatizing Iraq's oil assets, & vesting all citizens w/ shares, can provide incentive for every Iraqi to view commerce as better path than violence, Wall Street J (via Rand site), 23 Nov 05

Newsroom:  Philip Bowring--Non-aligned
non-starter:  'I thought it had died yrs ago. But there it was, 30 yrs on, making a reappearance last week - a proposal for a Non-aligned News Network,'  Intl. Herald Tribune,  23 Nov 05;  and

Non-Aligned Movement to counter Western media
by starting news network:  NAM will install Internet-based network to counter 'discriminatory & distorted' reporting,  Dawn (Pakistan)[via UCLA site],  21 Nov 05  (Link to:  Malaysian News Ag. on network)

Briefing Bono--Wanted: Rocker-activist's support:  Hoping his help will salvage free-trade talks, US officials brief U2's Bono on WTO agenda, by G Hitt,  Wall Street Journal,  23 Nov 05

Investors: A growing taste
for exotic fare -- Even conservative investors are tempted by returns of emerging-market funds,  by C Dawson,  Business Week,  21-28 Nov 05

Alan Blinder:  Are the
Fed fights over?--John Maynard Keynes once longed for the day when economists would be 'humble, competent people, on a level with dentists',  New York Times (free registr. req'd),  20 Nov 05

Mahathir bin Mohamad: 
Islam is no talisman, Muslims must improve their minds--Perhaps greatest problem is progressive isolation of Islamic scholarship - & much of Islamic life - from rest of modern world, Proj Synd/Daily Star(Leb.) [via Kurdistan site],  19 Nov 05

Book value:  Joseph Stiglitz--The
ethical economist:  Review of Benjamin Friedman's 'The Moral Consequences of Economic Growth',  Foreign Affairs,  Nov/Dec '05 (Link to: Random Hse--Q&A with Friedman; & t-o-contents)

Editorial:
Winter in Kashmir--Last Dec's tragedy triggered tsunami of generosity because it hit during holiday season & Western tourists were affected. But the logistics of getting relief into the Himalayas are more daunting,  Wash.Post (free registr reqd),  18 Nov 05

Hal Varian:  An opportunity to consider if
homeowners get too many breaks--If you give a lollipop to a baby, it may make him smile, but you will pay dearly if you try to take the candy away,  NYTimes (via UC Berkeley site),  17 Nov 05

Samuel Brittan:  The myth of
twin US deficits--Acc. to Amer. humorist Will Rogers: 'It's not what we don't know that hurts us, it's what we know that ain't so,' FT via Fin. Express (Bangladesh),  17 Nov 05  (Link to:  Inst Intl Econ--Cooper's Global imbalances: A contrarian view[pdf])

Bush, at APEC summit, seeks
to break deadlock in trade talks:  He will lobby Asian leaders to offer some concessions & unite to pressure EU on agric tariffs, by W Roberts & assoc,  Bloomberg News,  17 Nov 05  (Link to:  AP via Y!--APEC challenges EU on subsidies)

The
dragon & the eagle try to get along--Bush goes to Beijing:  The superpower and its growing rival look for common ground,  The Economist,  17 Nov 05

Migration can deliver welfare gains, reduce poverty:  WB acclaimed  benefits of properly managed migration, w/ immigrants sending home yearly amt double that of all devel. aid,  Finfacts (Ireland),  16 Nov 05 (Link to:  World Bank--Global Economic Prospects 2006, w/ link to full text)

Joseph Nye: The
allure of Asia & America's role--A country's 'soft' power rests upon attractiveness of its culture, appeal of pol./social values, & style/substance of foreign policy,  Project Syndicate via Manila Times,  16 Nov 05

Mouse & wo/man:  A compromise of sorts on
Internet control--An accord was reached that leaves supervision of domain names & other technical resources unchanged,  by V Shannon,  NYTimes via IHTrib,  16 Nov 05 (Link to: World Summit on Information Society in Tunis)

Seven questions:  Battling for control of Internet--
Q&A with Lawrence Lessig: Should UN control Internet? That's subject of heated debate at summit in Tunis this wk. A cyberlaw expert breaks down the debate,  Foreign Policy,  Nov '05

Bush shifts focus with
trip to Asia:  Pres. tries to show US commitment to region,  by P Baker,  Washington Post (free registr. req'd),  15 Nov 05

Joseph Stiglitz:  Downsides of
Fed independence--Greenspan attained an almost iconic status as Fed head. As his term draws to a close, it is worth examining whether his legacy will measure up, Proj Synd via Nation(Thailand), 14 Nov 05

Daniel Kaufmann: 
10 myths about governance and corruption -- Myth #1: Governance and anticorruption are one and the same,  Finance & Development, Sep-Nov '05


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