Tuesday, September 1, 2015
  1. Cheap Oil and Global Growth

    Anatole Kaletsky

    Cheap Oil and Global Growth

    9

     refutes the claim that the latest fall in oil prices is a harbinger of recession.

    pumpjack oil drilling site Mint Images/ZumaPress

    The standard explanation is weak Chinese demand, with the oil-price collapse widely regarded as a portent of recession, either in China or for the entire global economy. But this is almost certainly wrong: On all recent occasions when the oil price was halved, faster global growth followed. READ MORE

  2. A Financial Early-Warning System

    Nouriel Roubini

    A Financial Early-Warning System

    30

     proposes a systematic alternative to error-prone markets and ratings agencies.

    wave crashing into sea wall Ian Forsyth/ZumaPress

    Recent market volatility – in emerging and developed economies alike – is showing once again how badly ratings agencies and investors can err in assessing countries’ economic and financial vulnerabilities. More than ever, the world needs an early-warning system for financial tsunamis. READ MORE

  3. Central Bank Confidential

    Howard Davies

    Central Bank Confidential

    4

     highlights an initiative by the Bank of England to publish dissenting views.

    Mark Carney Andrew Parsons/ZumaPress

    Over the past two decades, countries around the world have recognized the importance of central banks' independence. In truth, however, there are many degrees of independence, and not all nominally independent central banks operate in the same way – as a new initiative by the Bank of England demonstrates. READ MORE

  4. Unlocking Africa’s Trade Potential

    Michael Froman, ET AL

    Unlocking Africa’s Trade Potential

    & 3

    &  urge Sub-Saharan countries to reduce impediments to cross-border economic activity.

    Newsart for Unlocking Africa’s Trade Potential

    Earlier this summer, the US Congress reauthorized the African Growth and Opportunity Act for another ten years. To make the most of this extension – the longest in the program’s history – the US and its African partners need to start working toward a more comprehensive partnership. READ MORE

  5. The Better Corporation

    Lucy P. Marcus

Focal Point

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245 pages
245 pages

Commentaries available in 12 Languages