As oil prices sink, so do the prospects for the Russian economy.
emerging markets
Is India’s Growth Story Over?
Is India heading towards the end of its much-touted growth story? A report by global credit rating agency Standard and Poor’s (S&P) released on June 11 seems to suggest so. Titled “Will India be the first BRIC fallen …
Christine Lagarde: Emerging Market Nations Will Get More Power in the IMF
Christine Lagarde, managing director of the International Monetary Fund (IMF), sees no alternative to the strict austerity policies being imposed on many peripheral European countries, says the double dip recessions in Italy and …
Why Global Savings Will Keep U.S. Borrowing Rates Low
I’ve argued that U.S. borrowing rates will continue sitting pretty, despite the cascade of debt downgrades this country appears to have in store. That’s because when it comes to investments considered to be “safe havens,” there are few other places global investors can go. But here’s another reason looming downgrades aren’t likely to …
Will Strauss-Kahn’s Fall Lead to the Dollar’s Decline?
There’s a lot of talk about what Dominique Strauss-Kahn’s arrest for sexually assaulting a maid means for the eurozone crisis. Less attention has gone to the fate of another project close to DSK’s heart: weaning the global financial system off of the U.S. dollar. DSK had been a vocal proponent of using the IMF’s de-facto currency, the …
Are High Oil Prices Good for U.S.-China Trade?
The U.S. trade deficit climbed 6% in March, according to numbers out from the Commerce Department. But the widening trade gap, the highest since June 2010, may not be as worrisome as it seems. Much of the jump has to do with the recent uptick in oil prices, which makes the U.S. bill for oil imports more expensive. But if you take oil …
India vs China: Which is the best role model for the developing world?
China is the Michael Jordan of emerging markets (Wilson Chu/REUTERS)
China is the Michael Jordan of emerging economies. Just as every up-and-coming basketball hopeful wanted to “be like Mike,” every up-and-coming poor nation wants to “be like China.” And why not? China has boasted an incredible record of alleviating poverty, …
Will the Emerging Markets Investment Craze Lead to Fewer Trade Wars?
It’s an amazing part of this global economic anemia that investors large and small are finding the best balance of risk and return–and the most gusto– in emerging markets. Just a few years ago these markets were considered the frightening frontier (anyone remember the 1997 crisis?) but increasingly they are the place where hedge …
