Emerging Markets

Must Read

FT: A New World for America's Next President

Authors: Robert D. Hormats and Jim O'Neill

Robert Hormats and Jim O'Neil of Goldman Sachs International write that the next president will need a new set of policies to address a changing global economy. They say the United States must "boost its own competitiveness and further open foreign markets for its goods and services." They also call for the creation of a "more representative global economic policy architecture to reflect the ongoing shifts in financial wealth, commodity power and trade flows."

See more in United States; Emerging Markets

Must Read

IEA: Energy Efficiency and CO2 Emissions from the Global Cement Industry

Authors: Cecilia Tam, Michael Taylor, and Dolf Gielen

Global cement production grew significantly from 1970 to 2005, with the vast majority of the growth occurring in developing countries. In terms of CO2 emissions, cement production is the most important activity in the non-metallic minerals category. This paper sets out some of the initial data collected for a separate IEA analysis report on the energy demand, CO2 emissions and CO2 emission reduction opportunities in the cement industry.

See more in Economic Development; Emerging Markets; Climate Change

Op-Ed

What's in a Name?

Author: Brad W. Setser
Emerging Markets

China’s sovereign wealth fund looks more like a state agency for managing financial sector investments than a diversified global fund manager, says Brad Setser in a piece that first appeared in the May 2008 issue of Emerging Markets.

See more in Emerging Markets; China

Must Read

GMF: Romania, Bulgaria, and the EU's Future

Author: Robin Shepherd

Romania and Bulgaria have entered a European Union that has stalled at a crossroads, says this commentary from the German Marshall Fund of the United States. The paper discusses the various ways the new EU members will influence policymaking in the EU.

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Foreign Affairs Article

Hands Off Hedge Funds

Author: Sebastian Mallaby

The massive growth of hedge funds has sparked warnings of instability and demands that the industry be regulated. But the fear of hedge funds is overblown, based on a misunderstanding of their role in the international financial system. In reality, hedge funds do not increase risk; they manage it -- and policymakers, rather than clamping down, should make sure hedge funds have the tools to perform this function well.

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