Home | News and Analysis | 19-23 Oct 09 | 12-16 Oct 09 | Next EmergingFrontierMarkets.comemerging and frontier markets:the unofficial field guideSite Owner/ Publisher: Sta. Romana, Leonardo L. Based in: Manila, Philippines Posted on Fri, 16 Oct 09: Coffers: Emerging-market stocks gain, post longest rally in 4 yrs-- Emerging-market stocks advanced for a 9th day, the longest winning streak in 4 yrs, as oil prices rallied past $77 a barrel & China's foreign direct investment quickened, Bloomberg, 15 Oct 09 (Guru says best gains in emerging markets over) Bank vice pres calls for sustained intl commitment to Palestinian econ recovery: In a meeting hosted by the UN Sec-Gen of the Ad Hoc Liaison Cmte (for West Bank & Gaza), the WB vice pres emphasized institution-building (incl reform of the judiciary & land mgmt systems), trade for sustainable econ growth, & the role of development partners as critical pillars to support the Palestinian vision for a future state.The meeting, organized & chaired by Norway, took place on 22 Sep, World Bank-IMF, 30 Sep 09 (A Palestinian state in 2 yrs | IMF prog note) World Food Day is 'No Food Day' for more than a billion of world's hungry: World Food Day is actually 'No Food Day' for almost 1 out of every 6 people around the world this yr, World Food Prog, 16 Oct 09 Posted on Thu, 15 Oct 09: New report shows global financial centers' lead is weakening: The world's largest economies took the biggest hit in the latest Financial Development Report now on its 2nd yr. Global fincl centers still lead in the Index, but the effects of fincl instability have pulled them down compared to last yr. Buoyed by the relative strength of its banking & non-banking fincl activities, UK claims the top spot from US, which slips to 3rd behind Australia largely due to poorer fincl stability & a weakened banking sector. In nos.4 & 5 are Singapore & Hong Kong, World Econ Forum, 8 Oct 09 (Full rankings [pdf]) Kenneth Rogoff: China's hoard of treasury bills is all dollars & no sense--Chinese leaders clearly realize that their hoard of treasury bills is a problem. They are right to worry. A dollar crisis is not around the corner, but it is certainly a huge risk over the next 5 to 10 yrs. China does not want to be left holding a $4T bag when it happens, says fmr IMF chief economist, Proj Syndicate (courtesy National/ UAEmirates), 6 Oct 09 Posted on Wed, 14 Oct 09: Economic crisis is devastating for the world's hungry billion: The combination of food & economic crises
has pushed the no. of hungry people worldwide to historic levels - more than one bln people are
undernourished, acc to an annual hunger report released before World Food Day
on 16 Oct. Even before the recent crises, the no. of undernourished people in
the world had been increasing slowly but steadily for the past decade, the
report says, UN FAO/WFP, 14 Oct 09 (Interactive map) The peril & promise of investing in Russia: Why would anyone invest in Russia? The economy is expected to shrink 8.5% this yr, & will be slow to recover its momentum. Inflation is in the double digits. Even Pres Medvedev calls corruption in his nation 'endemic'. And sophisticated investors know all the horror stories of operating there. It's risky, but for global cos., the nation is simply too big - & too rich - to ignore, Business Week, 24 Sep 09 The BRICs as drivers of global consumption: As the US, Japan and Germany face a slow and difficult recovery next yr, it will be the emerging markets that will contribute the majority of world consumption growth. And the BRICs will account for a significant part of that contribution, Goldman Sachs, Aug '09 Posted on Tue, 13 Oct 09: Paul Romer: Skyhooks vs cranes--The
Nobel Prize for Elinor Ostrom: Cheers to the Nobel cmte for
recognizing work on one of the deepest
issues in economics. Bravo to the political scientist who showed that
she was a
better economist than the economic imperialists who can't tell the
difference between assuming and understanding, says Stanford
economist, Charter Cities, 12 Oct 09 Notice from the Publisher about this site's new Internet address: We have good news for our visitors in connection with our planned "migration" to another Web host since, as we have informed all of you, GeoCities is closing in 2 weeks time on 26 Oct, Emerging Markets: The Unofficial Field Guide, 12 Oct 09 Visiting flood-ravaged Philippines,UN aid chief pledges full support: The top UN emergency relief official arrived Mon, pledging full cooperation after 2 successive storms affected over 6m people, killing more than 500, displacing thousands of others & causing crop damage est. at over $160m. A $740m UN 'flash appeal' on 6 Oct to support govt relief efforts has so far attracted $14.2m or 19%, UN News, 12 Oct 09 (Realities on the ground deserve priority | Global report on disaster risk reduction launched | Report's full text) Robert Shiller: A bounce? Indeed. A boom? Not yet--The sudden rise in home prices suggests that the psychology of the market has shifted substantially. But what should we expect in the mos. ahead? Not necessarily that we're entering a new housing boom.To a large extent, where we're heading depends on what home buyers are thinking, says Yale economist, NYT (free registr reqd), 10 Oct 09 Posted on Mon, 12 Oct 09: Nobel Economics Prize awarded to Indiana U's Ostrom,UC-Berke- ley's Williamson: The 2 won for their separate analyses of economic governance, esp of the commons (Ostrom) & the boundaries of the firm (Williamson). Ostrom challenged the conventional wisdom that common property is poorly managed & should be either regulated by central authorities or privatized, by demonstrating how the commons can be successfully managed by user associations. Williamson argued that markets & hierarchical organizations (eg, firms) represent alternative governance structures which differ in their approaches to resolving conflicts of interest, Nobel Foundation, 12 Oct 09 James Dobbins: Afghanistan - Echoes of Vietnam--Obama's critics recall the nation's long record of successful resistance to foreign incursions, from the British in the 19th century to the Soviets in the 20th. They argue that as long as both al Qaida and the Taliban can find sanctuary in Pakistan, the conflict in Afghanistan will remain an unwinnable side show, says George W. Bush's 1st envoy for Afghanistan, Huffington Post (courtesy Rand), 7 Oct 09 |