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                                 Posted: 4-8 Sep 06
                             
Economic
forecasting survey -- US housing slowdown takes its toll: Economists say selling prices may stagnate, or decline, in '07 as cool down continues,  Wall Street Journal,  7 Sep 06

Kenneth Rogoff: 
Can the IMF avert a global meltdown? -- When fin. leaders meet for WB/IMF conference, they must confront singularly impt. question, Proj Syndicate via Business Day (S Africa), 7 Sep 06

In Africa, a more business-friendly approach:  Africa moved up from last place to the middle of pack among world regions in carrying out reforms, by C Dugger, New York Times (free registr reqd), 6 Sep 06

Singapore
best for business; no Arab state in top 30:  Singapore is  best place to do biz, acc.to new report by World Bank & Intl Finance Corp,  TradeArabia (Bahrain), 6 Sep 06 (Link to: Doing Business '07, with report overview in pdf)

ADB ups Asia 2006 growth forecast, rate risks eyed:  Asian Devel. Bank raises its regional forecast, but warns of risk from possible mis-
judged rate moves in EU & US,  Reuters, 6 Sep 06  (Link to: Asian Devel.
Outlook Update)

Stephen Roach:  In search of
big spenders--Painful as it might appear, slower US consumption could temper one of the biggest risks in financial markets,  Newsweek,  4-11 Sep 06

Gary Becker: 
Missing children -- Without mass immigration, low birthrates doom society,  Wall Street Journal,  3 Sep 06;  and

Saving the USA:  In his latest bestseller, conservative populist Pat Buchanan makes his case that US must move quickly to erect a more restrictive immigration policy,  Pittsburgh Tribune-Review, 27 Aug 06

Carl Delfeld:  Handicapping
Asia's tigers--Sometimes it pays to draw opposite conclusion from what seems to be overwhelming evidence,  Forbes, 1 Sep 06 (Related:  Bkk Post--McKinsey on ASEAN Pt.One and Two; & WEF China Biz Summit)

Fast-growing countries to
gain more clout at IMF:  Exec Bd agrees to increase power several developing nations have over its policies, by P Blustein, Wash.Post (free registr reqd), 1 Sep 06 (Link to: IMF state-
ment
, and Quotas & votes)

Four European cities and Tokyo
most expensive; highest wages in Scandinavia, Switz. & US:  These are from global survey of prices & earnings in 71 cities every 3 years, UBS (Switz), 9 Aug 06 (w/ graph-
ics
in pdf)

L Pritchett & assoc:  Q&A on main challenges facing
Indian economy --To 'fix pipes', you must first 'fix institutions that fix pipes',  World Bank,  26 Jul 06 (Link to: Reports--Building on India's Success | Pro-Poor Growth Lessons from 14 Nations)

                             
Posted: 28 Aug-1 Sep 06

Book value:  Robert Wade--Questions
of fairness:  Review of Ethan Kapstein's Economic Justice in an Unfair World--Toward a level playing field,  Foreign Affairs, Sep-Oct '06 (Link to: Princeton U Pr--Book's ch 1)

On the
hiking trail:  Visitors to Jackson Hole, Wy. normally see a few moose & buffalo & sometimes even a bear. But in late Aug each year some really strange creatures can be spotted,  Economist,  31 Aug 06

Robert Frank:  When the
rich-poor gap widens, 'Gatsby' becomes a guidebook -- Interest in the lifestyles of the rich & famous varies with economic conditions, New York Times (free registr reqd), 31 Aug 06

Jeffrey Sachs:  Against warmongers, give power to
civil society lead-
ers
--In my work throughout world, I find vast majority of individuals of all religions, races & creeds are ready to work together,  Proj Synd via Fin.Mirror (Cyprus), 28 Aug 06 (Link to: Donor conf.in Sweden)

Chad to negotiate, not seize oil consortium share:  Its president had ordered consortium members US's Chevron & Malaysia's Petronas, which together hold 60 pct, to leave the country,  Reuters, 30 Aug 06

Jackson Hole--Globalization applauded, policy avoided:  At start of confab, participants were given small backpack produced by Kansas firm,  Dow Jones Newswires (via Easy Bourse/France),  27 Aug 06 (Link to: Symposium '06)

Fed chief backs
global-wealth sharing:  Bernanke says policies, tech-
nology can help reduce poverty rate,  by N Henderson, Wash. Post (free registr reqd),  26 Aug 06  (Link to:  Jackson Hole--
Fed chief's remarks)

Trade in South America --
Pisco sour:  Sweeter times ahead on the Pacific seaboard,  The Economist,  24 Aug 06

Poll: Not ready for disaster -- Katrina has motivated them a bit, but only 16% say they are 'well prepared',  by A Ripley,  Time,  21 Aug 06  (Related:  Intl Disaster Reduction Conf.-- Info [pdf] & Web site)

Mouse & wo/man:  A crusade to
connect children--India criticizes an MIT prof's quest to provide 'One laptop per child', but he's forging ahead elsewhere,  by B Einhorn,  Business Week,  16 Aug 06

Jagdish Bhagwati:  Global warming fund could succeed
where Kyoto failed--Getting it on radar screen is only half the game - other half is design of policies to address it effectively, FT(via AEI site),16 Aug 06

William Easterly: 
The elusive quest for reform--A reply to Sen (letter to editor):  He would have preferred that I engage in 'dialogue' w/ aid agencies instead of 'rhetorical drubbing' of them,  Foreign Affairs, Jul-Aug '06;  and

From our archive:  Amartya Sen--The man
without a plan: Review of Easterly's The White Man's Burden -- Why the West's efforts to aid the rest have done so much ill & so little good,  Foreign Affairs, Mar-Apr '06

Pragmatism--
Latin America's new 'ism'?:  LatAm is in midst of sub-
stantial if silent transformation. Will pragmatism prove more conta-
gious than populism?,  IMF Book Forum (webcast),  23 May 06 [posted by IMF 10 Jul]

Nook & cranny:  Greg Mankiw--
Reflections on trade deficit & fiscal policy: During my 2 years in Washington, one fact became clear to me - mercantilism is alive & well,  Remarks at Amer.Econ Assn meet (via Harvard site, pdf),  Jan '06

                             
Posted: 21-25 Aug 06
                          
Ahead of his time--Nobel laureate Robert Mundell:  Widely regarded as a pioneer of modern intl economics, his outspoken advice to China on its exchange rate regime is causing unease, Finance & Devel., Sep-Nov '06

Robert Shiller:  Thrifty China,
spendthrifty USA--The difference bet. Chinese & US saving rates has been growing for decades. Why are their trajectories so different?,  Proj Synd/Straits Times (Sing.) via YTL Com.(Malay.), 25 Aug 06

Hal Varian:  The rapidly changing signs
at gas station show markets at work--Recent gyrations in oil prices offer textbook illustration of how fin.markets & commodity markets interact,  NYT (via UC Berkeley site), 24 Aug 06

Research head
will quit IMF as Chicago University refuses leave,  Daily News & Analysis (India),  22 Aug 06 (Link to:  IMF statement)

Showdown at
Jackson Hole over Fed outlook:  The topic of Fed's annual policy retreat at Jackson Hole symposium is globalization,  by G Robb,  MarketWatch,  22 Aug 06  (Link to:  Previous symposia)

Russia wipes $22 billion off its debts:  Early repayment to Paris Club nations shows off new power,  London Times,  22 Aug 06

ASEAN plans to create European-style single market:  SEAsian min-
isters hope to fast-track plans to create single market by 2015 in talks in Malaysia this week, Associated Press (via Hindu/India), 20 Aug 06

Douglas Holtz-Eakin:  Open markets
start at home--Recent missteps in open trade made in name of natl security have hurt US standing.  Strong leadership from new Treas.Secy can undo damage,Wash.Post (free registr reqd), 17 Aug 06

Fred Bergsten: 
Plan B for world trade--Go regional:  The best candi-
date for this is for the Asia-Pacific Economic Cooperation leaders to launch a free trade area,  Financial Times (via IIE site),  16 Aug 06

Vartan Gregorian:  The
right to learn -- Carnegie Corp Pres. says students around the world are demanding access to higher education. But it's not always easy to provide,  Newsweek,  14-28 Aug 06

Adam Lerrick:  Good intentions at the
expense of the poor--Vigilante non-governmental organisations have become the de facto regulators of flow of finance to developing world,  FT (via AEI site),  1 Aug 06

Ex-Treasury chiefs voice global concerns:  These aren't easy days for ardent globalizers,  by D Lynch,  USA Today,  26 Jul 06 (Link to: Brookings forum -- Meeting the challenge of the global economy)

Are our
children learning?:  After $12 billion of World Bank money, and the promise of more to come, donors still don't really know,  The Economist (via MIT site, pdf),  13 Jul 06

Nook & cranny: 
The price of life -- The pharma industry spends bil-
lions developing drugs to fight disease, but they neglect diseases in poor nations, by R Glennerster & assoc, Foreign Policy(via MIT site, pdf),  May-Jun '05

                            
Posted: 14-18 Aug 06                            

Austan Goolsbee:  What baseball can teach those who dream of creating
next Silicon Valley--If Stanford can hatch world-famous cos. around Palo Alto, politicians assume their colleges can, too, NYT (via U Chicago site, pdf), 17 Aug 06

Brazil, Russia, India, China
stock funds beat emerging markets:  The BRIC funds combine world's two most populous countries with two nations feeding their expansion, by M Tsang,  Bloomberg,  17 Aug 06

Rebuilding Lebanon's shattered economy:  Sweden has taken lead in West by organizing donor conference, which some 60 nations & aid agencies are expected to attend,  BBC News,  15 Aug 06

Joseph Stiglitz: Reasons behind
demise of Doha development round--The talks bogged down over agric., where subsidies & trade restric-
tions remain much higher than in mfg.,  Proj Synd via Taipei Times,  15 Aug 06

Richard Levin:  The world's most
global universities--Yale Pres. says opening of natl borders to flow of goods, services, info & esp. people has made univs powerful force for global integration,  Newsweek, 14-28 Aug 06;  and

Coffee/tea break:  Le match -- London School of Economics & Ecole d'Economie de Paris (EEP):  Great turmoil was caused last year by creation of EEP w/c will reunite 4 acad. inst.,  L'Expansion (
French | English)[via LSE site, pdf], Jan '06

Netherlands is
tops on helping poor nations-study:  Country leads world's 21 richest nations in promoting policies that help poor nations, Reuters, 13 Aug 06 (Link to:  CGDev--Commitment to Development Index 2006, w/ FAQ)

Econ
forecasting survey--Economists paint gloomier picture: Outlooks for US GDP & employment are cut, while concerns about recession edge up,  Wall Street Journal,  11 Aug 06

Robert Wade:  Caught in the
trade winds (letter to editor)--You exag-
gerate costs of wrecking of Doha round. Much depends on whether G20 devel.nations can forge common position, Economist, 10 Aug 06

How investors are discovering value of discrimination: Emerging mar-
ket assets were dumped more or less indiscriminately in May & June, by J Chung, FT(via Euro2day/Greece), 3 Aug 06 (Related: Economist graphic--
Bond spreads)

Hybrids in the Third World?:   Green cars cost more, so why try to sell them in emerging nations? Because market is huge-& so are con-
sequences of inaction, by C Pryor & assoc, BusinessWeek, 31 Jul 06

What is competition
on the merits?:  There is broad agreement pur-
pose of competition policy is to protect competition, not competitors,  OECD Policy Brief [pdf], 7 Jul 06 (Related: Global forum on
compe-
tition
)

Martin Wolf: 
China should stick to trial and error - but risk bolder trials--It must cooperate abroad in managing impact of its rise, and it must improve growth efficiency,  FT (via McKinsey site, pdf 1.18 MB),  7 Jun 06

M Kremer & C Snyder:  Why is there no
Aids vaccine?--Firms right now don't have incentive to invest in these diseases commensurate w/ no.of people these are killing,  Brookings Inst(abstr), Jun '06 (Related: Harvard--Q&A w/ Kremer)

Nook & cranny: 
Currency conundrum--The exchange rate disconnect puzzle: Why are exchange rates out of sync w/other econ indicators?, by D Campbell,  Region Focus/Richmond Fed (via Harvard site, pdf), Jan '06

                              --------------------------


Assets of
'plane plotters' frozen:  19 people held on suspicion of plot-
ting to blow up planes have had their UK assets frozen by Bank of England, BBC News, 11 Aug 06 (Link to:
Bk of England--Statement)

Tourism--
How bad a hit?:  From Mideast war to UK's foiled bombing plot, fears of violence have placed intl travel/tourism in state of siege,  by A Reinhardt & assoc,  Business Week,  10 Aug 06  (incl link to:  Israeli tourism)

There's
money in thirst:  Everyone knows there is money to be made in oil. But fresh group of big biz is discovering there may be greater profit in more prosaic liquid, by C Deutsch,  NYT (free registr reqd),  10 Aug 06

R Noll & T Srinivasan:  More efficient
subsidy scheme benefits con-
sumers, govt & economy -- Given a decision to aid poor, we propose diff. method w/c would reduce budgetary impact & increase benefits, Stanford Inst Ec Policy Res Brief,  May '06 [pdf]


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