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Jim Kolbe:  How will the
poor trade up? -- Aid alone won't save the developing world,  Washington Post (free registr. req'd),  8 Aug 06 (Related:  2006 Commitment to Development Award)

Martin Feldstein:  The
Fed's difficult task -- A soft landing is a natural aspiration for any central bank confronting an unacceptably high rate of inflation,  Wall Street Journal (via Harvard site),  7 Aug 06

Steven Popper: 
Economic-building blocks (letter to editor) -- Your excellent report raises troubling questions for both builders & con-
sumers of econ models,  The Economist,  3 Aug 06  (Related: Rand--
New Methods for Quanti.Policy Analysis)

Her African cause:  Another superstar joins a line of major stars who have been trying to cast some of their limelight onto the situation in Africa,  by B Luscombe,  Time,  3 Aug 06

WB Indep.Eval.Grp--Improving
Investment Climates, pdf 1.7MB, w/ exec sum;& IFC--Investment Climate Assessments of various nations

Robert Frank: 
The herd changes course and runs away from SUV's--The herd instinct is as powerful in humans as in other animal species. And it can also lead us astray,  NYTimes (free registr reqd), 3 Aug 06

Compromise sought at
revived WTO talks in Australia: US & Europe will come under growing pressure to compromise at hastily expanded summit,  Reuters (via swissinfo),  2 Aug 06  (Related: Cairns Grp; & OECD/FAO--Poor nations shaping agric trade's future)

Much undone in rebuilding Iraq, audit says:  A flailing reconstruction effort is being transferred to Iraqis,leaving them long list of unfinished projects, by A Mosher/assoc, Wash.Post (free registr reqd), 2 Aug 06

Ruchir Sharma: 
No emerging emergency -- 'Bull markets are born on pessimism, grow on doubt, mature on optimism and die on euphoria,'  Newsweek,  31 Jul-7 Aug 06

Coffee/tea break: 
Odyssey to the East--In 1271,when just 17, Marco Polo journeyed from his hometown of Venice to the opulent court of Kublai Khan in China,  Time,  31 Jul 06

Peter Mandelson:  Doha--The costs of no agreement
are greater than inconveniences of less than perfect one:  Unless Bush persuades Con-
gress to renew his negotiators' mandate, talks have little prospect of concluding for some years,  FT (via EC site),  31 Jul 06

Jeffrey Sachs: 
Why peace eludes the Middle East -- Israel is rightly aggrieved by its soldiers' abduction, but massive mil. response plays into extremists' hands, Proj Synd via New Vision (Uganda), 30 Jul 06 (Related:  Yale ER--Can Sachs save world?)

Israeli companies feel the hot breath of war:  Many cope, using bomb shelters or online links. Others are finding it harder to survive as the conflict rages on,  by N Sandler,  Business Week,  28 Jul 06

Lael Brainard: 
US shares blame for trade talk collapse -- We need to rebuild pol.consensus that trade agreements can be constructed to ad-
vance interests of most citizens instead of special interests, Wash.Post (free registr reqd), 28 Jul 06

Venturesome consumption: In praise of America's fearless consumers of new ideas and products,  The Economist,  27 Jul 06

Hal Varian: 
The global interest rate dance, w/ Bernanke leading--The most exciting spectator sport now is watching Fed chief: Will he raise rates in Aug or not? What will it mean for world fin.markets?,  NYT (via UC Berkeley), 27 Jul 06

G Mankiw & R Carroll: 
Dynamic analysis -- Does tax relief mean more growth? Most official analysis of tax policy is based on 'static assumptions'. A new report develops dynamic analysis, Wall St J (via AEI site),  26 Jul 06

Editorial:  A
failure for trade--Politics trumps sense, Washington Post (free registr. req'd),  26 Jul 06;  and

Jeffrey Schott: 
Costs of failure of global trade negotiations have been understated (letter to editor)--A complete accounting involves 6 kinds of losses,  Financial Times (via IIE site),  23 Jun 06

Why Doha's
derailment matters:  Tabling of trade talks is bad news for US, which has most to lose if world breaks down into regional trading blocs,  by P Coy,  Business Week,  25 Jul 06  (Link to: State-
ments--
WTO | G20 (via Brazil) | Europ.U | USTR)

Trade talks fail after stalemate over farm issues:  Collapse comes with finger-pointing,  by P Blustein,  Washington Post (free registr. req'd),  25 Jul 06  (Link to:  Statements--USTR | European Union | India)

Robert Shiller:  The
gospel according to Bill Gates -- Buffet & Gates are admirers of Carnegie's 1889 essay,  Project Syndicate via The Edge (Malaysia),  24 Jul 06

Emerging giants:  Multinationals from China, India, Brazil, Russia and even Egypt are coming on strong. They're changing the global game, by P Engardio & assoc,  Business Week,  24-31 Jul 06

Stephen Roach: 
Risk adjusted--With easy money harder to come by, investors must adopt a new safety code,  Time,  23 Jul 06

Sebastian Edwards:  An agenda for
Latin America -- The past 3 years have been the best for region since early '60s. Yet,despite good news, its politics have turned upside down,  Proj Syndicate via Daily Times (Pakistan), 22 Jul 06

The
romance of economics--Milton and Rose Friedman:  Dinner with Keynes? Yes. War w/ Iraq? They disagree,  by T Varadarajan, Wall Street Journal,  22 Jul 06  (Related:  New Perpect.Q, Mar '06--Q&A w/ Milton Friedman);  and

Nook & cranny: 'The market has no heart'--Q&A w/
Paul Samuelson: US's most famous economist, on protectionist tendencies in world economy & globalization's losers,  Der Spiegel (tr./via Portland IMC), 11 Oct 05  (Related:  Yale ER--Interview w/ Samuelson)

Edward Graham:  End the lie, rejoice in
cheap imports--The time has come to end lie that benefits come mostly from more exports while more imports are a 'cost' w/c trade negotiators must try to minimize,  FT(via IIE site),  21 Jul 06

Counterterrorism and stockmarkets:  A calculation of conflict -- When is counterterrorism counterproductive? Ask the stockmarket,  The Economist,  20 Jul 06

Austan Goolsbee: Count
ethnic divisions, not bombs, to tell if a nation will recover from war--It has been quite a fortnight for 2 horsemen of apocalypse. And the other 2 are seldom far behind,  NYT (via U Chi-
cago site, pdf), 20 Jul 06

Asian Dev Bank predicts 7.5% growth in East Asia: Developing EAsia economies should grow 7.5 % this year, says ADB, but warns China to rein in overheating econ,  AP (via Malaysia Star),  18 Jul 06  (Link to: ADB--Asia Economic Monitor)

Java tsunami death toll increases: Nation has installed warning system across Sumatra island but not on Java,  BBC News,  18 Jul 06  (Link to:  Tsunami pictures)

Pressed by leaders,
trade officials work on talks:  The G8 set one-mo. deadline for WTO to forge agreement among its 149 members,  by T Wright, NYTimes(free registr reqd), 18 Jul 06 (Link to: G8 in Russia)

Stephen Roach:  An
elegant but dangerous idea--The Federal Reserve has waged a noble battle against inflation without any targeting rule, Newsweek,  17-24 Jul 06

Peter Singer: 
Happiness, money and giving it away -- Would you be happier if you were richer? Many people believe they would be,  Project Syndicate via Bangkok Post,  17 Jul 06

The Mideast's
economic fallout:  The conflict bet. Israel & Hezbollah is taking its toll on local tourism & biz, not to mention alarming global investors,  by N Sandler,  Business Week,  17 Jul 06  (Related: Wash Post graphics--Fighting on 2 fronts | Israel, Hezbollah clash)

Ralf Dahrendorf:  Elections
without winners--1st-past-the-post system best for close elections, Proj Synd via Daily Yomiuri (Jap.), 16 Jul 06

Gary Hufbauer:  Confronting the
'Dear Leader' -- If half a century of econ.punishment could alter bad behavior, N Korea would be Exhibit A for tyranny reformed,  Los Angeles Times (via IIE site),  15 Jul 06

Editorial: 
Live 8 plus 1--Harnessing science for poorest,  Washington Post (free registr reqd),  15 Jul 06  (Related:  Arrow & assoc--Saving Lives, Buying Time [2004]; & Q&A w/ Arrow,  Academe,  May '06) [NAS link info courtesy of Stanford Inst Intl Stud.]

World urges restraint as Israel pounds Lebanon:  Washington urges restraint by Israel, & envoys from UN & EU are being urgently des-
patched to defuse escalating crisis,  Ag.France-Presse (via Ch. News Asia, Singap.), 14 Jul 06

Economic models--Special report:  Big questions & big numbers--We cannot live without big & ambitious economic models.But neither can we entirely trust them,  The Economist,  13 Jul 06

IMF studies quick credit facility
to forestall market crises:  Financing of up to 300% of country's loan quota in event of capital flight,  Busi-
ness Times (Singap.via Min For Aff), 12 Jul 06  (Link to:  High-level seminar--
Crisis prevention in emerging mkts)

World's leaders head to Russia for
G8 summit:  Pres. Bush goes to Europe for annual summit of Group of Eight major industrial nations, hosted by Russian Pres. Putin,  USA Today,  12 Jul 06;  and

J Linn & C Bradford:  Pragmatic reform of
global governance--Creat-
ing an L20 summit forum: A new approach to global govern. needs to be more inclusive & thus more effective, Brookings policy brief[pdf], Apr '06 (Link to:
L20 site)

Daniel Yergin:  What does
'energy security' really mean? -- Energy is hinge of world economy and its security cannot be taken for granted,  Wall Street Journal (via CERA site), 11 Jul 06 (Link to: Report--New Energy Security Paradigm)

J Stiglitz & H Rashid:  Making
a travesty of free trade--There is pro-
vision that is supposed to give least developed countries almost duty-free access to developed countries' markets, Proj Synd via Business Day(S Africa), 11 Jul 06

F Giavazzi & C Wyplosz:  When facts change, so should
central banks--Some central banks have started to publish interest rate fore-
casts 2 years ahead. Should others follow?,  FT (via U Geneva site, pdf), 28 Jun 06 ;

Charles Goodhart: 
A comment on 'When facts change, so should central banks',  29 Jun;  and  F Giavazzi & C Wyplosz:  A reply,  FT (letters to editor),  10 Jul 06 [pdf];  and

A little knowledge from a bank can be a
dangerous thing,  Guardian (UK),  Jun '03;  and  It's not always good to talk:  Do communicative central banks make financial markets lazy?,  Economist (via Prince-
ton site, pdf),  Jul '04

Ernesto Zedillo: 
Imbalances can't go on forever -- Even when collective and coordinated action is in all countries' self-interest, it is typically resisted and hard to achieve,  Forbes,  10-24 Jul 06

The importance of
financial education:  It is increasingly important & not just for investors. A key challenge is convincing people they are not as financially literate as they think they are,  Policy Brief,  posted by OECD 10 Jul 06 [pdf]

World Bank boss
implores G8 on poor countries:  Wolfowitz has written to G8+5 leaders to strike trade deal when they meet in Russia, Mail & Guardian (S Africa),  10 Jul 06  (Link to:  WB pres.'s letter)

Mouse & wo/man:  The
plot to hijack your computer--They watch you surf the Web. They plague you with pop-up ads. Then they cripple your hard drive,  by B Elgin & assoc,  Business Week,  10-17 Jul 06

Portfolio:  Dominoes can fall on
emerging markets--Many investment advisers have found recent plunge surprising because its origins were imported,  by C de Aenlle,  NYTimes (free registr. req'd),  9 Jul 06

Better governance raises aid effectiveness & access to World Bank funding:  Bank is publishing for first time its assessments of quality of nation's policies/governance,  Bangladeshinfo (via Google), 10 Jun 06 (Link to:  WB statement, FAQ on ratings, & country rankings[pdf])

Richard Baldwin: Managing
the noodle bowl--E Asia is one of world's wonders, but current state of its regionalism is fragile due to 3 facts,  Talk at The Future of Asia [pdf, w/ slides], 26 May 06 (Related: Op-ed, Nikkei Weekly)[via U Geneva site]

Nook & cranny:  M Baily & assoc--
The hidden key to growth:  Local services stimulate econ expansion. Why then do many policymakers omit them from devel. plans?, Intl Economy (via McKinsey site,pdf), Jan '06

Boardroom:  Shane Greenstein -- Outsourcing &
climbing a value chain:  A 'value chain' is a core, but often misused, concept in econ. To understand, we contrast it w/'supply chain' & 'value added', IEEE Micro(Inst Electr & Electro Engr)[via Northwestern site,pdf], Oct '05

Nook & cranny:  T Moran & assoc -- Does
foreign direct investment promote development?:  The answer is crucial for policymakers in developing & developed nations,  Inst Intl Econ Brief [pdf],  May '05 (Link to:  Book's full text)


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