Oil Prices and the Future of Petrocaribe

Oil Prices and the Future of Petrocaribe

On June 2005, upon the initiative of late Venezuelan President Hugo Chavez, the governments of Antigua and Barbuda, Bahamas, Belize, Cuba, Dominica, Dominican Republic, Grenada, Guyana, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname and Venezuela, agreed on the creation of Petrocaribe, a Cooperation Agreement to strengthen energy security in […]

Boot Camps to Kick-Start Public-Private Partnerships in the Caribbean

The concept of public-private partnerships is in vogue in the Caribbean. Some governments mistakenly believe that PPPs allow the private sector to build and maintain infrastructure like roads, and provide public services like wastewater treatment, with little cost to the public sector. This is not the case. However, in certain PPP projects, private-sector efficiencies can […]

President Xi and His Reform Agenda – Really

Thanks to misguided stories about President Xi’s reforms, America risks losing the opportunity to participate appropriately in China’s massive economic rebalancing and reform drive. In their Animal Spirits, George A Akerlof and Robert J. Shiller, two Nobel Prize winners, show how human psychology drives the economy and why it matters for global capitalism. In particular, they show […]

Don’t Like the Pope? Go to College

Here’s a clever & timely graphic on the final day of the pope’s visit to NYC: A new Pew Research Center survey shows a clear correlation between higher levels of education and having a favorable view of Pope Francis. Data Curated by prettyfamous.com and sourced from Gracenote. (Original data from Pew Research Center.)    

Greening Corporate Value Chains Lowers Environmental Impact and Lifts Competitiveness

  Adidas, one of the world’s top two sportswear manufacturers, recently ended its business relationship with 13 of its Asian suppliers as a result of their severe or repeated noncompliance with labor, health, and safety workplace standards at their factories. This is one example of large multinational corporations working harder to demonstrate to their ever-more-demanding stakeholders that […]

An Alternative Anti-Drug Policy: Economic Resilience

An Alternative Anti-Drug Policy: Economic Resilience

 From the Multilateral Investment Fund Trends blog Latin America and the Caribbean is the most violent region in the world, with no fewer than five of its major cities experiencing more than 100 homicides per 100,000 people each year, according to the most recent Global Study on Homicide. While the pattern of violence varies across different […]

Central Banks Policy Asynchronous-ity – A Source of New Risk

Since 2009, the key driver of financial markets has been low rates and abundant liquidity which has boosted all asset prices. The total amount of money pumped into global money markets is around US$10-12 trillion, enough to buy each person on earth a widescreen flat TV.  In the great reflation, according to one estimate, over […]

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