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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
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February 15, 2006
Economics
Mandel v. Setser. Round two. More on intangible exports and dark matter
I was rather busy last week, so I was not able to respond immediately to Michael Mandel's response to my response to his Business Week cover story - and now Micheal Mandel is shooting for slightly bi…
February 21, 2006
Emerging Markets
Frederick Kempe of the Wall Street Journal gets an awful lot of things wrong
As, I suspect, does Joseph Quinlan of the Bank of America- the source of much of Kempe's analysis. Kempe's core argument: consumers in emerging markets are driving global demand. His eviden…
March 7, 2006
Capital Flows
It doesn’t really matter (if the oil exporters started to stash their petrodollars in Asia)
It doesn't really matter (if the oil exporters suddenly dump their savings in Asia)I suspect Kevin Drum is right: Dubai Ports World will not, in the end, take over the US operations of P&O. Dubai …
March 15, 2006
Emerging Markets
Feeding the hand that bites you …
Justin Lahart writes well; I stole the "feeding the hand that bites you" line from him. It is a good one.The US tells China (oops, CNOOC) that it cannot buy Unocal, even though Unocal's energy asset…
March 26, 2006
Monetary Policy
Summers on reserves, exchange rates, the international financial architecture and other big topics close to my heart
Larry Summers has always believed that capital should flow from the already rich and aging societies that constitute the current core of the world economy to the poor and young countries on the perip…