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OECD: Achieving a Resilient Economic Recovery
The recovery from the Great Recession has been slow and arduous, and has at times threatened to derail altogether. However, the major advanced economies are finally gaining traction and momentum. Private-sector confidence is rebuilding. After years of weakness, investment and
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Luxury Goods Market: Crisis? What Crisis?
In the luxury goods market, nothing quite drives sales as brand recognition does. Slap a Louis Vuitton label on a handbag, and shoppers will think nothing of plopping down a thousand euros or more to carry it off. As Europe
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Otaviano Canuto, World Bank Group: Macroeconomics and Stagnation – Keynesian-Schumpeterian Wars
Policy makers in the advanced economies at the core of the global financial crisis can make the claim that they prevented a new “Great Depression”. However, recovery since the outbreak of the crisis more than five years ago has been
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Revamping the Gezira Scheme: Sudan Seeks Food Security with Rice
A single grain of rice can tip the scale. It may also contribute to the realisation of food security in Sudan where, according to UN estimates, up to 12% of the population may need some form of nutritional assistance. Rice
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Frontier Asia and Hopes for More Inclusive Growth
The International Monetary Fund (IMF) and the Japan International Cooperation Agency (JICA) on January 28th held a conference in Bangkok, entitled “Frontier Asia: Economic Transformation and Inclusive Growth.” The conference brought together ministers, central bank governors, other senior policymakers and
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UN Downgrades Economic Forecasts for 2013/14
World economic growth has weakened considerably during 2012 and is expected to remain subdued in the coming two years, according to a United Nations report in late December, which calls for policy changes to spur growth and tackle the jobs
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New ‘Pacific Alliance’ Upbeat and Seeking Competitive Advantages
Leaders of Pacific Alliance: Ollanta Humala, President of Peru; Juan Manuel Santos, President of Colombia; Sebastián Piñera, President of Chile; Felipe Calderón, President of Mexico. The new bloc’s integration opens up significant opportunities for incremental economic development through increased
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WTO: The Changing Nature of Global Trade
By DG Pascal Lamy Although global supply chains have been with us for several decades, their increasing prominence is rapidly changing the landscape of international trade in ways which will require fresh thinking about how trade affects national economies and
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Nomura in New Insider Trading Scandal
Nomura is facing a new insider trading scandal. Nomura Holdings admitted to sweeping breaches of safeguards on confidential client information and will slash top executives’ pay and shut an equity sales desk as Japan’s largest brokerage seeks to resolve a
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