Navigating Latin America’s Learning Portals

Navigating Latin America’s Learning Portals

The trip can begin any time you like. All you need is a one-way ticket: fast Internet access. Now an itinerary: the route to learning something. Anything. Many things at once. Continuous, self-paced learning is now universally available throughout Latin America, at virtually no cost. Your passport is your ability to validate the learning that […]

The Knowns and Unknowns of the European Competitiveness Debate

The Knowns and Unknowns of the European Competitiveness Debate

photo: European Parliament Micro-economic features of economic systems can have a major impact on national performance. Policymakers should therefore reconfigure their scoreboards to reflect the roles played in a country’s economic growth by large internationalized firms, global value chains or resource reallocation. This column reviews some key developments in understanding these features and argues that researchers […]

Open Data + Increased Disclosure = Better Public-Private Partnerships

Open Data + Increased Disclosure = Better Public-Private Partnerships

The benefits of open and participatory public procurement are increasingly being recognized by international bodies such as the Group of 20 major economies, the Organisation for Economic Co-operation and Development, and multilateral development banks. Value for money, more competition, and better goods and services for citizens all result from increased disclosure of contract data. Greater […]

Gold’s Bright but Bumpy Future

Gold’s Bright but Bumpy Future

photo: Michael Mandiberg Not so long ago, gold suffered the most challenging losses since 1999. According to conventional wisdom, US rate hikes will contribute to its further decline. If that’s the case, why did gold prices soar during the last quarter? At the turn of 2015, gold was driven by the broad commodity sell-off, especially the […]

The People’s Verdict on Globalization

The People’s Verdict on Globalization

photo: Nicolas Raymond The similarities in the electoral appeals of businessman Donald Trump and Senator Bernie Sanders have been widely noted (see, for example, here, here and here). Both men attract voters who feel trapped in their economic status, unable to make progress either for themselves or their children. Moreover, both men have assigned the blame for the loss of […]

US 2016 Election Is a Global Risk

US 2016 Election Is a Global Risk

photo: PID As America is struggling amid a historical protest election, the political risk could undermine US economic rebound and the lingering global economic recovery. Europe will be least immune to spillovers, says Dan Steinbock. Currently, the leading Democratic presidential candidates, former Secretary of State Hillary Clinton and Vermont Senator Bernie Sanders, are approaching the […]

China’s Downgrade and the Case for Global Ratings Reforms

China’s Downgrade and the Case for Global Ratings Reforms

photo: PID In March, the leading credit agencies cut their outlook for China’s sovereign credit rating from stable to negative. If the decision was warranted, it may also be time to reassess the current ratings of most advanced economies and accelerate global ratings reforms. Standard & Poor’s (S&P) downgrade followed a similar measure earlier in […]

Turkey: The Banking Sector Needs Profitability-Enhancing Reforms

Turkey: The Banking Sector Needs Profitability-Enhancing Reforms

photo: Jeremy Vandel Key takeaway – Turkey’s economy remains resilient, but low savings hinder growth prospects and weaken the banking sector. Turkish banks – essential for economic growth and job creation – need to raise additional capital by end-2016, but suffer from declining profitability. Meanwhile, macro risks are rising, driven by geopolitical risks, foreign exchange (FX) […]