South Africa’s Unemployment Puzzle
Among the havoc wrought by the global financial crisis, unemployment ranks at the top. This discussion often focuses on the situation in advanced countries. Unemployment in the United States, for...
View ArticleDoes Sub-Saharan Africa Deserve A Slice Of Your Portfolio?
“One of the most remarkable features of the global economy over the past fifteen years has been the striking surge of economic growth over much of sub-Saharan Africa,” Charles Collyns, assistant...
View ArticleEmerging Markets: Preview of Key Data and Policy Meetings
(from my colleagues Dr. Win Thin and Ilan Solot) China data dump continues on Tuesday as it reports August IP and retail sales. On Monday, China reported August CPI, which came in as expected at 2.6%...
View ArticleEmerging Markets: Preview of the Week Ahead
(from my colleagues, Dr. Win Thin and Ilan Solot) Today, Brazil will hold an auction for the Libra oil field, which is a test of the new model for oil exploration. The results should be announced at...
View ArticleSouth Africa Must Look Forward After Mandela
There have been key figures throughout history that have been extremely influential in a country’s destiny. Nelson Mandela is one such figure. This article suggests that South Africa must learn to look...
View ArticleTurkey Moves, Focus Shifts to Fed
The US dollar is little changed against the major currencies, while the emerging market currencies are more mixed, ahead of the FOMC statement later today. Global equities are higher. Core bond...
View ArticleBRICS and Mortals
Leaders of the BRICS–Brazil, Russia, India, China, and South Africa–meet in Rio today to swap World Cup stories and launch a long-discussed “BRICS Bank.” The bank creates two funds–a development...
View ArticleHurling BRICS at the World Bank and the $
Brazil, Russia, India, China, and South Africa (the “BRICS”) made a splash last week with the official launch of their new development bank. The backers made no secret of their intention to challenge...
View ArticleIs the BRICS Bank More ‘Democratic’ Than the World Bank?
The launch of the new BRICS development bank “reflects the disparity and democratic deficiency in the global governance and is trying to restart, to rethink that,” according to Nobel economist Joseph...
View ArticleBRICS Bank Will Not Solve Members’ Energy Issues
By Chris Dalby: From changing the nature of global politics to being a force for human rights, the announcement of the new BRICS development bank has been met with feverish anticipation by the global...
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