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.

See more in Emerging Markets