Stiglitz’s New Book and the Developing Countries
Joe Stiglitz, Nobel Laureate and former World Bank Chief Economist, is out again making headlines. This time because of his new book Freefall - America, Free Markets and the Sinking of the…
Natural Resources and Development Strategy after the Crisis
Recent events have rekindled interest in the role of primary commodities in development. Was the boom in commodity prices from around 2003 through 2008 just a cyclical event, or…
Don’t Blame Mother Nature
As my World Bank colleague Milan Brahmbhatt and I observed in a recent note, primary commodity exports remain crucial for most developing countries. When one takes a simple average across…
The Doha Trade Round is Worth Fighting For
November marks the eighth anniversary of the Doha Development Agenda– the first multilateral trade negotiation under the auspices of the World Trade Organization. But what started as a real…
The Arrival of Asset Prices in Monetary Policy
Once upon a (not long ago) time, there was a widely established set of blueprints for regimes of monetary and exchange rate policies expected to fit a full range…
In Times of Crisis, Women Can Be Agents of Change
In Times of Crisis, Women Can Be Agents of Change Gender Equality as Smart Economics Newsletter | October 2009 Gender Equality as Smart Economics sat down with OtavianoCanuto shortly after…
Vulnerability, Exchange Rate and International Reserves: Whither Brazil?
Picture a Latin American country sitting on US$350 billion of international reserves, while running current account deficit, fiscal deficit and paying an interest bill on public debt that hovers…
Decoupling, Reverse Coupling and All That Jazz
In PREM Note 141 released last week, Milan Brahmbhatt and Luiz Pereira da Silva point to several structural differences between the global economy today and in the 1930s that tend to…
The Developing World in a Post-Bubble Economy
Aggressive and innovative monetary and financial sector policy actions in developed economies have pulled the global financial system back from the brink of an abyss. But impaired assets are…
Latin American Countries Worlds Apart in Economic Downturn
Like the rest of the world, the economic slowdown has not been favorable in Latin America. In general, exports are falling, unemployment is rising and the economic predictions are grim. Regional experts point to Honduras and Brazil as representing two different responses to the economic downturn
Trade finance, banking introspection and emerging economies
Squeezes of trade finance have been among the factors responsible for the recent collapse of trade. Those squeezes should be seen in the context of an overall “introspection” of…
V Symposium on International Trade
Wilson Center - V Symposium on International Trade https://youtu.be/ujeHETOaq2o?list=PLzM1iiQhVrdElNYm8OeuNv0JOVVJxhoQ4 The V Symposium on International Trade this year took place right in the height of the global financial crisis,…
Impacts of the Financial Crisis on Brazil
First appeared here: Globalization Team at the Institute of Development Studies (org.). Voices from the South: The Impact of the Financial Crisis on Developing Countries, Institute of Development Studies, Sussex, p.…
Brazil’s Emerging Economic Power: Now Investment-Grade and Why it Matters
WILSON CENTER, Washington, D.C., June 20, 2008 https://youtu.be/jWfvqaFHjfs
Securitization in Latin America: advantages of latecomers
It may seem odd that a relatively upbeat assessment of the prospects for securitization in Latin America (by Michela Scatigna and Camilo Tovar) has been released this month in the BIS…