Eurozone in Deflation — Again

Eurozone in Deflation — Again

Photo courtesy of Metropolico.org. The Eurozone fell into deflation again today, according to early data from Eurostat, the official statistical agency of the European Union. All consumer prices in the eurozone fell 0.2% on an annual basis. Last month, the reading was positive, if very near to zero, at 0.3%. The key downward driver of all prices […]

Jumpstarting Sustainable Microfinance in the Bahamas

Jumpstarting Sustainable Microfinance in the Bahamas

The English-speaking Caribbean has its own particular brand of microfinance. Microentrepreneurs in these countries tend to rely on personal savings and informal sources of funds to finance their businesses, rather than the microcredit that is favored in the rest of Latin America. Savings rates in the English-speaking Caribbean average more than 90%, significantly higher than in the […]

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 […]

‘Xiconomics’ for Challenging Times

‘Xiconomics’ for Challenging Times

photo: DonkeyHotey President Xi Jinping’s economic thinking – “Xiconomics” – reflects the kind of adjustment that is required by Chinese rebalancing in a challenging international environment. Three years ago, sinologists in the West – led by Barclays Capital – introduced the term “Likonomics” to describe the central tenets of Premier Li Keqiang: no stimulus, deleveraging, and […]

Who’s Disrupting Whom? An Opportunity for Startups and Government

Who’s Disrupting Whom? An Opportunity for Startups and Government

Everyone is talking about the fourth industrial revolution: a change fueled by a digital era in which technology is transforming humankind as we know it, creating new industries, and dramatically increasing and improving productivity and economic growth. Yet as Klaus Schwab, founder of the World Economic Forum, reflected, “The extent to which that transformation is positive […]

How Can Brazil Restore Its Growth Trajectory?

How Can Brazil Restore Its Growth Trajectory?

photo: PortoBay Hotels & Resorts Only a few years ago, Brazil exemplified the BRIC dream of rapid growth. Now it is coping with its longest recession, loss of confidence,possibly a lost decade. Dan Steinbock explains what happened, and how and when Brazil could restore to its growth. In summer 2016, Rio de Janeiro shall host South America’s first-ever Olympic […]

China’s Vulnerable External Balance Sheet

China’s Vulnerable External Balance Sheet

photo: David Dennis China’s capital outflow last year is estimated to have totaled $1 trillion. Money has been channeled out of China in various ways, including individuals carrying cash, the purchase of foreign assets, the alteration of trade invoices and other more indirect ways. The monetary exodus has pushed the exchange rate down despite a trade surplus, and raised questions […]

Can the Private Sector Save Development?

Can the Private Sector Save Development?

It would be difficult to imagine a bigger sea change in thinking and practice about the private sector’s role in international economic development than what we’ve witnessed these past 12 months: from the financing-for-development conference in April that talked about moving from billions to trillions of dollars by crowding in private-sector financial resources, to the […]

Venezuela Raises Fuel Prices By More Than 6,000 Percent

Venezuela Raises Fuel Prices By More Than 6,000 Percent

photo: Javier Ignacio Acuña Ditzel In a televised-address on February 17, Venezuelan President Nicolas Maduro delivered some crushing news to his country. To address the fiscal crisis facing the country, the government decided to raisefuel prices by more than 6,000 percent. While that may sound dramatic, it will still leave Venezuela with some of the cheapest fuel […]

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