Home > You are at: News/Analysis, Page 8 ('07) | Previous | Next Posted: 23-27 Apr 07 Turkish political tensions hit currency ahead of court ruling: Simmer- ing tensions bet. army & govt spilled over onto markets as stock mar- ket lost 8% when it opened & lira dropped on intl markets, Agence France-Presse, 30 Apr 07 Dutch rub-out -- Wolfowitz and World Bank's Euro-cabal: WB pres. faces 'ad hoc committee' investigating his case today, but it seems it has reached its conclusions even before he has chance to defend him- self, Wall Street Journal, 30 Apr 07 Wolfowitz panel finds ethics breach, officials say: World Bank board could act on Monday, by P Goodman, Washington Post (free registr reqd), 28 Apr 07 Wolfowitz to make case on bank flap: World Bank pres. will get op- portunity next week to address panel probing his case, AP (via Hous- ton Chron.), 26 Apr 07 (Link to: FT--Letter to ed. by WB staff in- volved in governance) Latin America--The power of a positive regional agenda: By the end of '07, there will be 12 democratically elected heads of govt engaged in bringing change to the region, World Economic Forum, 25 Apr 07 (Related: Regional econ outlook--IMF | World Bank | Inst Intl Fin) Jeffrey Sachs: Rapid victories vs extreme poverty -- Focused steps taken now could rapidly put the poorest poor on a self-sustaining course to productivity and health, Scientific American, Apr '07 Carl Delfeld: Global gambits--Portfolio advice for China: With liquid- ity & adequate reserve goals all met, the $300 bln that's left can be managed in equities using exchange-traded funds (ETFs), Forbes, 23 Apr 07; and John Bogle: 'Value strategies' -- If long-term investing was paradigm for classic index fund, trading ETFs can only be described as short-term speculation, Wall Street J (via author's site), 9 Feb 07 [pdf] Harvard economist is first woman to win prestigious John Bates Clark Medal, Chronicle of Higher Ed.News Blog, 20 Apr 07 (Related: Harv Gazette--Building a better auction[pdf], & Imagine--Applying math to real-world problems[via Harvard site]) Kenneth Rogoff: Redeeming the Wolfowitz deficit -- Will WB pres.'s troubles finally be catalyst to end practice by w/c US pres. unilaterally appoints head of world's most important devel. agency?, Proj Syndi- cate (via Bus.Day/S Africa), 20 Apr 07 Andy Mukherjee: The BRIC dream shows no sign of ending -- Ever since a report on topic was published in Oct '03, the emerging-market investing universe has changed dramatically, Bloomberg, 19 Apr 07 Robert Skidelsky: Putin's patrimony -- Russia's economy is more dependent on natural resources than in Soviet times. This 'oil curse' means a brittle economy & unstable political system based on fusion of power & property, Prospect, Mar '07; and Boris Yeltsin: Who should be the Person of the Century?--The mag's editors have asked a select group of people to tell them whom they would pick. Here is one of the final nominations, Time, Dec '99 Robert Frank: When to violate top two commandments of antigovt crusaders--The 'advocates' of econ efficiency have kept govt budgets smaller and blocked some transfers to poor. But have they also made everyone poorer?, NYT (via author's site), 15 Mar 07 [pdf] Intl financial institutions issue report on remittances: Sending remit- tances can be expensive relative to migrant workers' low incomes & small amounts sent, Bank for Intl Settlements-World Bank, 23 Jan 07 (Link to: Intl remittance report & fact sheet) Coffee/tea break: Are traded players 'lemons'?--In '01, Akerlof won a Nobel Prize for his work on theory of 'market for lemons', Baseball Res J (via allbusiness), Jan '05 (Related: Nobel--Writing 'The market for lemons'; Ency Britannica info) Posted: 16-20 Apr 07 Adrian Hong: Koreans aren't to blame--'Monday's events at VA Tech were tragic. But I ask Koreans - pls. do not apologize. The actions of Cho were not your fault. If our heads are hung low, they should be in grief, not in shame,' WP (free registr reqd), 20 Apr 07 Poverty indicators: World Bank says the no. of people living on less than $1 a day dropped below 1 bln, or 18% of pop. of developing nations, Economist, 19 Apr 07 (Link to: World Dev. Indicators); and Globalization and poverty: The evidence strongly suggests export growth & foreign investment have reduced poverty. Yet at same time currency crises can cripple the poor, NBER Digest, Mar '07 (Link to: NBER book & WP op-ed) Robert Shiller: Taming 'speculative capitalism'--What does the term mean? Something immoral, apparently, but what? It seems to be re- dundant - isn't capitalism a synonym for speculation?, Proj Syndicate (via Today's Zaman/Turkey), 19 Apr 07 Chavez softens ethanol stance to ease dispute with Brazil: At the 1st S Amer. energy summit, he insists his real objection is to US corn-based variety - not Brazilian type produced w/ sugar cane, AP (via Deseret News), 18 Apr 07(Related: IPS--Leaders overcome impasse) Wolfowitz says won't resign; Bank says concerned: WB pres.says he intends to continue on despite controversy over role in arranging pay raises for girlfriend forced by conflict-of-interest rules to take outside job, WP (free registr reqd), 16 Apr 07 (Related: Shaha Riza--Mideast democrats [via hammihan.com]) Editorial: The Wolfowitz files--The anatomy of a World Bank smear, Wall Street Journal, 16 Apr 07 (Related: Govt Acctability Proj state- ment and document [pdf] | WB exec dtrs statement and documents) Darfur collides with Olympics, and China yields: Nongovernmental organizations & Hollywood stars are involved in an effort to pressure China to lean on Sudan, NYTimes (via Intl Herald Trib), 13 Apr 07 Greater attention needed to gender equality and fragile states to reach global targets by 2015, says IMF-WB report, World Bank, 13 Apr 07 (w/ link to: Millennium Devel. Goals Global Monitoring Report) Frontier markets emerge as surprising performers: These have joined higher-profile emerging markets as the world's strongest performers, Standard & Poor's, 11 Apr 07 (Related: WSJ-Frontier opportunity[via emergingportfolio]) [pdf] Asia bank has to change to meet new challenges in the region: ADB has to radically transform itself if it wants to remain relevant in rapid- ly changing Asia, Agence France-Presse (via Oman Times), 2 Apr 07 (Link to: ADB--Indep.panel of eminent persons report) Coffee/tea break: World's most livable cities--Cities in W Europe, N America, Australasia & Japan dominate top of rankings.Zurich scores highest; Baghdad ranks lowest, Mercer HR Consult., 2 Apr 07 (Link to: Bus.Week--Rankings of 215 cities) Posted: 9-13 Apr 07 Risks to global growth smaller but remain, says IMF: The global economy looks poised for solid growth, and while risks remain, they appear less threatening than they did 6 mos. ago, Reuters, 11 Apr 07 (Link to: World Economic Outlook) China stocks not to blame for sell-off, says IMF: General reappraisal of market risks seen at root of global correction, by G Robb, Market Watch, 10 Apr 07 (Link to: Global Financial Stability Report) The next crusade -- Paul Wolfowitz at World Bank: Two years have passed since Bush nominated him to head multinational lending insti- tution that has as its official goal 'a world w/o poverty', by J Cassidy, New Yorker, 9 Apr 07 Kenneth Rogoff: A way forward for global financial policy--Financial globalization is exploding. Yet, as finance ministers & central bankers convene in Wash., policy paralysis continues, Project Syndicate (via Japan Times), 9 Apr 07 Cities of virtue: Cities are 'where the rubber meets the road'.We look at Seattle (US), Freiburg (Ger.), Changshu (China), Aito (Jap.) & Cu- ritiba (Brz), Newsweek, 9 Apr 07 (Related: WRInst--What can I do to live more sustainably?) Portfolio: A (relatively) good quarter for foreign stocks -- US blue-chips owners find 1st-qtr eventful if unprofitable. Investors in over- seas markets have more to show for wandering spirit, by C de Aenlle, NYT (free registr reqd), 8 Apr 07 World 'unlikely' to catch America's cold: The rest of the world is well placed to 'decouple' from US economy, Telegraph (UK), 6 Apr 07 (Link to: IMF World Economic Outlook--Analytic chs; global f'casts to be released on Wed) Boardroom: McKinsey Awards '06--Recognizing excellence in man- agement thinking: Every year, a panel of judges select the two best articles, Harvard Business Rev (Porter | Hamel [pdf]), Apr '07 (free access till 24 Apr) Dani Rodrik: The cheerleaders' threat to global trade--Which is great- est threat to globalization - the protesters on streets every time IMF or WTO meets, or globalization's cheerleaders?, FT, 27 Mar 07 (Link to: Letters to ed.--Gilbert | Leblond | Hufbauer) Taking a hard look at how the world cooperates: Global governance reform--Breaking the stalemate, IMF Survey (via Brookings), 19 Mar 07 [pdf] (Link to: Bradford & Linn book) Lawrence Summers: History holds lessons for China & its partners--By learning from a rather unfortunate history of the late '80s, policy- makers on both sides of Pacific can avoid repeating its mistakes, FT, 25 Feb 07 (Link to: Letter to ed.--Goodman) Harvard's financial scientist: Robert Merton, who's best known for his work in developing option-pricing models, published his 1st paper on topic far removed from fin.: Gulliver's Travels, Bloomberg Mar- kets (via Harvard site), Oct '06 [pdf] Coffee/tea break: World's best airlines in 2006 -- International | USA, Travel+Leisure Magazine Posted: 2-4 Apr 07 Europe tops US in stock market value: Europe's 24 stockmarkets, including Russia and emerging Europe, eclipse US in stock market value for first time since First World War, FT, 2 Apr 07; and Edmund Phelps: Entrepreneurial culture--Why European economies lag behind the US, Wall Street Journal, 12 Feb 07 (Related: Elsevier--Selected publications by Phelps) Where are all the workers?: Companies worldwide are suddenly scrambling to manage a labor crunch, by P Coy & assoc, Business Week, 2-9 Apr 07 (w/ link to: Desperately seeking...) Decline in investor risk appetite to raise market turbulence, says FSF: The group says that turbulence in equity & credit markets in late Feb could augur much deeper turmoil, Ag. France-Presse (via Servihoo/ Mauritius), 30 Mar 07 (Link to: Fin.Stability Forum--Statement [pdf]) Coffee/tea break: Diplomacy takes to the friendly skies--The 28 Mar inaugural Washington-Beijing flight wasn't only notable addition to global route maps. What new nonstops say about a changing world, Time, 29 Mar 07 Denmark tops Global Information Technology Report rankings: Sweden, Singapore & Finland follow in networked readiness, World Economic Forum-Insead, 28 Mar 07 (w/ full rankings and exec sum) Editorial: Where are the IPOs? -- Wall Street worries that New York is no longer the center of the financial universe, Washington Post (free registr reqd), 28 Mar 07 Lord of the skies: In war-torn Afghanistan, Kamgar has built the only private airline, by M Bahree, Forbes, 12 Mar 07 National Trade Estimate Report on Foreign Trade Barriers--S Korea, US Trade Rep. Ofc, 31 Mar 06 [pdf, w/ exec sum] (Related: USTR fact sheets; IIE--Negotiating Korea-US FTA; & USITC--FTA's econ impact) Posted: 26-30 Mar 07 China overtakes US in IPOs: China surged ahead in '06 for 1st time to become world's No.1 in funds from initial public offerings, United Press Intl, 29 Mar 09 (Link to: Shanghai Daily | Bost.Consult's Banks in developing markets, & exec sum) Austan Goolsbee: 'Irresponsible' mortgages have opened doors to many of the excluded--Almost every new form of mortgage lending that expands pool of people who qualify has been greeted by critics who say it harms consumers, NYT (via U Chicago site), 29 Mar 07 [pdf] Largest city economies in the world in 2005 and 2020: Only five emerging-economy cities are currently in top 30 of global city GDP rankings, PricewaterhouseCoopers, Mar '07 (Related article) Asia bank forecasts regional growth to slow: Growth in developing Asia would ease to 7.6% in '07, from 8.3% in '06, Deutsche Presse-Agentur (via Bangkok Post), 27 Mar 07 (Link to: Asian Development Outlook '07, w/ highlights) World Bank-IMF says Palestinians' economy faces more dark times this year, needs more aid, Associated Press (via Comb.Jew.Philan.), 26 Mar 07 (Link to: WB-IMF--West Bank and Gaza in '06 [pdf]) Ruchir Sharma: A boom in the desert--Are the Middle East markets already a credible regional-asset class? These aren't typical emerging-market success stories, Newsweek, 26 Mar-2 Apr 07 Bono: A time for miracles -- The West's greatness depends on how it deals with Africa, Time, 22 Mar 07 Robert Shiller: Markets vs psychology -- The behavioral theory of stock market movements is not amenable to easy quantification and forecasting, Project Syndicate (via Taipei Times), 20 Mar 07 Bush's aid policy prods countries: There are many nations that want to be part of the Millennium Challenge account, and the competition is stiff, by M Phillips, Wall Street Journal (via CGDev), 14 Mar 07 Fred Bergsten: The yen beckons China's dollar billions--China report- edly wants to diversify large portions of $1 trillion of forex reserves out of dollars, FT, 13 Mar 07 (Link to: Letters to editor--Pettis | Lim | Navarro) World's top customer service airports recognized: Incheon (S Korea) is named 'Best airport worldwide', w/ Hong Kong & Kuala Lumpur coming in 2nd & 3rd, Airports Council Intl, 12 Mar 07 [pdf] The dueling financial studies (pt.2): Sustaining New York's and US's Global Financial Services Leadership, by McKinsey & NYC, 22 Jan 07 | Hong Kong as a Leading Financial Center in Asia, by HK Sec. & Fut. Comm., Aug '06 [pdf] Joseph Stiglitz: Give prizes, not patents--It is right to reward innova- tion, but the way we do it exacts too high a price from world's poor, New Scientist (via Columbia U site), 16 Sep 06 [pdf] Daron Acemoglu: Root causes--The two main candidates to explain fundamental causes of differences in prosperity bet. nations are geog- raphy & institutions, Finance & Devel., Jun-Aug '03 [pdf] (Related: AEA John Bates Clark Medal '05) << Previous Home Next >> Copyright (c) 2001-2008 Leonardo L. Sta. Romana All rights reserved. |
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