China’s Spillovers on Latin America and the Caribbean

China’s Spillovers on Latin America and the Caribbean

photo: AK Rockefeller The Chinese economy is rebalancing while softening its growth pace. China’s spillovers on the global economy have operated through trade, commodity prices, and financial channels. The global reach of the effects from China’s transition have recently been illustrated in risk scenarios simulated for Latin American and the Caribbean economies. The Chinese economy is […]

TTIP & TPP – A Threat to Latin America?

TTIP & TPP – A Threat to Latin America?

For centuries, Latin America’s economies have revolved around exporting commodities – be it digging up minerals and hydrocarbons, planting soya or coffee, or taking advantage of what animals leave behind, the region has historically relied on shipping natural resources overseas. Depending on the era, this could certainly be a lucrative endeavor, but commodity prices are notoriously […]

Capital Flows and Deleveraging in Emerging Markets

Capital Flows and Deleveraging in Emerging Markets

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 global financial crisis has also started to reverse. Furthermore, 2015 was also a fifth consecutive year of growth deceleration in emerging markets. Some analysts have taken those features […]

Has the Global Trade-Development Link Peaked?

Has the Global Trade-Development Link Peaked?

Trade has been a key driver of global growth, income convergence, and poverty reduction. Both developing countries and emerging market economies have benefited from opportunities to transfer technology from abroad and to undergo domestic structural transformation via trade integration in the last decades. Yet, more recently, concerns have been raised over whether the current pace […]

Whither Emerging Markets Foreign Exchange Reserves

Whither Emerging Markets Foreign Exchange Reserves

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. Changes in capital flows and commodity prices have been major factors behind the inflection, with the new direction expected to remain, given the context of the global economy going forward. Although […]

A New Day in Colombia

A New Day in Colombia

Given Colombia’s recent economic success during years of war, what it could achieve in years of peace? Colombia’s inherited reputation for cocaine, drug-trafficking and conflict may not be entirely undeserved. But in recent years, a new reputation has emerged – one of a serious, safer country with dynamic growth opportunities. Colombia has averaged 4.6 percent […]

Trade Facilitation: Diplomacy May Be Catching Up

Trade Facilitation: Diplomacy May Be Catching Up

In September 2003, one of us was among the delegations of trade representatives from around the world that gathered in Cancun, Mexico, for one of the first Doha rounds of the World Trade Organization (WTO) negotiations. The goal was ambitious: work to reduce trade barriers, while ensuring that developing countries secure their fair share of […]

Shadow Banking in China: A Morphing Target

Shadow Banking in China: A Morphing Target

China’s shadow banking system thrived in the years after the global financial crisis, until reined in by regulators since 2013. Nevertheless, new forms of shadow banking are emerging. China’s style of shadow banking “Shadow banking” has become a buzzword ever since Paul McCulley, then with PIMCO, coined the term in 2007 to describe the financial […]

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