Joseph S Nye: Xi Jinping’s Marco Polo Strategy

Last month, Chinese President Xi Jinping presided over a heavily orchestrated Belt and Road forum in Beijing. The two-day event attracted 29 heads of state, including Russia’s Vladimir Putin, and 1,200 delegates from over 100 countries. Xi called China’s Belt

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Otaviano Canuto, World Bank: Matchmaking Finance and Infrastructure

The world economy – and emerging market and developing economies in particular – display a gap between their infrastructure needs and the available finance. On the one hand, infrastructure investment has fallen far short from of what would be required

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Philippe Le Houérou, CEO of IFC: Redefining Development Finance

Complementing – and driving – World Bank President Jim Kim’s vision to transform the multilateral financier into an “honest broker” charged with mobilising and directing private capital towards developing countries, CEO Philippe Le Houérou of the International Finance Corporation (IFC,

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Nouriel Roubini: The Global Recovery’s Downside Risks

For the past two years, the global economy has been growing, but it has swung between periods of rapid expansion and deceleration. During this period, two episodes in particular, caused US and global equity prices to fall by about 10%.

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Evan Harvey, Nasdaq: ESG Reporting – Six Reasons Why

The corporate reporting of sustainability data – call it ESG, or environmental, social, and governance data – has come a long way. Only 20% of Fortune 500 companies reported ESG data in 2011. By 2016, according to the Governance and

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President Trump: Math Is Hard

Since 1990, when his landmark Taj Mahal casino and hotel defaulted on interest payments to its bondholders, businesses owned by Donald Trump have filed no less than six times for bankruptcy. In fact, asking the courts for protection against duped

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Otaviano Canuto & Matheus Cavallari, World Bank: Bloated Central Bank Balance Sheets

Central banks of large advanced and many emerging market economies have recently gone through a period of extraordinary expansion of their balance sheets and are all now possibly facing a transition to less abnormal times. However, the fact that one

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Ernst & Young: Argentina – New Government Measures to Improve and Strengthen Employment

Argentine payroll costs are the highest in Latin America, standing at a maximum of 40%. Social security and health care employer contributions amount to 23% or 27%, based on each employer, whereas contributions withheld from employees stand at 17%.  In

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Yasser Al-Saleh: The Secret of Dubai’s Success

As governments across the Middle East try to wean themselves off natural resources and build diversified, resilient economies, they should take some lessons from Dubai. It’s a remarkable story. In less than a generation, Dubai has transformed itself into a

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DeVere Group: Decisive Move Into Private and Investment Banking

One of the world’s largest financial consultancy services providers has moved into banking. Late last year, deVere Group acquired the St Lucia branch of Arton Bank in order to gain a foothold in private banking, and earlier this month the

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