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China’s Renminbi Needs Convertibility to Internationalise
On July 21, the Official Monetary and Financial Institutions Forum (OMFIF) published its eighth annual report on Global Public Investors (GPI). It included a survey the asset allocation plans of reserve managers of central banks, sovereign wealth funds, and public
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Uzbekistan’s Dynamism Presents New Opportunities for Post-Brexit Britain
Though 5,000 km apart, the UK, an economic leader in the world, and my emerging but fast-developing nation are quietly forming a partnership no-one could have imagined three decades ago, when Uzbekistan broke away from the crumbling Soviet Union. I
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Asian Development Bank: Towards a Blue Deal to Restore the World’s Oceans
Investments in recovering and maintaining a functioning marine ecosystem can form the foundation of a sustainable “blue economy.” Marine ecosystems are threatened by extinction. Over the past 50 years, the world has lost nearly half of its coral reefs and
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World Bank: Pandemic Recovery is an Opportunity to Step Up Climate Change Action in Europe and Central Asia
2021 needs to be the year that climate change urgency truly entered the collective consciousness and lasting action followed. In the same way the effects of climate damage are often described as irreversible, so too is the movement calling for
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History and Future: Two Things Pilipinas Shell Takes Into Account in All of its Dealings
Pilipinas Shell Petroleum Corporation traces its roots back to 1914, when the Asiatic Petroleum Company (Philippine Islands) Ltd was established and has since then established itself as a leader in corporate governance. Ppinas Shell (PSPC), 55 percent owned by the
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Justin Yifu Lin: Eastern Perspectives, Western Preconceptions, and Prospects for Shared Economic Growth
Justin Yifu Lin made history in 2008 as the first non-Westerner appointed as chief economist and senior vice-president of the World Bank. Lin, one of China’s most renowned economists, currently serves as an official advisor to the Chinese government and
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Containers Printers: Expanding Horizons for Packaging Industry and Customers — Despite Covid-19’s Ravages on the World
The Covid-19 pandemic has been the defining event of 2020 for businesses and individuals alike. This was equally true for Singapore-based Containers Printers, but the crisis presented CP with the opportunity to demonstrate its willingness and ability to take on
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Asian Development Bank: What Emerging Markets Can Teach Us About CSR
Fifty years after Milton Friedman’s famous essay arguing that companies should focus solely on shareholder profits, emerging markets businesses are helping lead the fight against Covid-19. Their example adds nuance to Friedman’s argument, reminding us that companies can effectively pursue
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China on the Way Back to Rebalancing
China’s economy keeps recovering from the coronavirus pandemic-led crisis through the third quarter of 2020, as revealed by the numbers of August activity. Its GDP grew by 3.2% in the second quarter, after falling by 6.8% in the first quarter,
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Otaviano Canuto: Brazil, South Korea – Two Tales of Climbing an Income Ladder
The “middle-income trap” has captured many developing countries: they succeeded in evolving from low per capita income levels, but then appeared to stall, losing momentum along the route toward the higher income levels of advanced economies (Gill & Kharas, 2007,
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