Philippines 2017 Or the Year of Living Dangerously

Philippines 2017 Or the Year of Living Dangerously

photo: Nicolas Raymond As President Duterte is rebalancing the Philippines’ economic and strategic policies, Washington is preparing plans for regime change. What the country needs is economic development, says Dan Steinbock – not geopolitical friction. After the election triumph of President Rodrigo Duterte, the Philippines has initiated a series of economic reforms to accelerate development, decentralize […]

Will Sovereign Wealth Funds Go Green?

Will Sovereign Wealth Funds Go Green?

Source Sovereign Wealth Funds (SWFs) currently have a very limited role in climate finance and green investment, reportedly below the average for institutional investors. According to the Asset Owners Disclosure Project (AODP), which evaluates institutional investors on the basis of their low-carbon performance, five of the 10 lowest-rated large investment funds were SWFs. However, the […]

Why Would Anyone Want to Make the US More Like Europe?

Why Would Anyone Want to Make the US More Like Europe?

photo: Moyan Brenn The idea that Democrats want to make America more like Europe is a favorite Republican attack line. Writing in The New York Times, David Brooks expresses amazement that so many millennials are supporting Bernie Sanders, an open admirer of the European model. Why would anyone in their right mind favor “sluggish” Europe over “vibrant” […]

What Can the U.S. Learn from Big Government in Sweden and Denmark?

What Can the U.S. Learn from Big Government in Sweden and Denmark?

photo: Artiom P Leaders of the Democratic Party in the United States have moved to the left of the political spectrum (Wall Street Journal). Bernie Sanders, who describes himself as a democratic socialist, has mounted a successful campaign against Hillary Clinton. He has identified Denmark and Sweden as examples of countries with larger government sectors that […]

Productivity and Financial Inclusion: A Response to the Economic Slowdown

Productivity and Financial Inclusion: A Response to the Economic Slowdown

photo: Mckay Savage  How are financial inclusion and productivity linked? And why are these two pieces of the puzzle important for the economic development of Latin America and the Caribbean? Insufficient growth in productivity has been identified as a key factor in the relative backwardness of the economy of Latin America and the Caribbean compared with […]

The Uncertain Prospects of Hasty and Premature Criticisms of Argentina’s Economic Policies

The Uncertain Prospects of Hasty and Premature Criticisms of Argentina’s Economic Policies

photo: Taylor White Nobel Prize economist Joseph Stiglitz and coauthor Martin Guzman (from now SG) had just written a piece on Argentina, entitled “Argentina’s Uncertain Prospects” focusing on the early economic policies and potential scenarios for the government of the newly elected President Mauricio Macri. In my opinion, the article paints an excessively gloomy picture of […]

President Xi in the Middle East: From U.S. Regime Change to Chinese Economic Development

President Xi in the Middle East: From U.S. Regime Change to Chinese Economic Development

photo: thierry ehrmann President Xi Jinping’s three-nation tour in the Middle East heralds a shift from US regime change to Chinese economic development. President Xi’s tour took place amid a perilous moment in the region. Saudi Arabia is struggling with the plunge of oil prices, rapidly rising debt and a war against Yemen. In Egypt, opposition […]

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