Friday, May 22, 2015
  1. Capital Markets for Development

    Ethiopis Tafara

    Capital Markets for Development


     describes how poor countries would benefit by adopting advanced countries' financing mechanisms.

    India poverty Chris JL/Flickr

    Ending extreme poverty and building shared prosperity in the developing world are noble goals; but they are also expensive ones, requiring financing on a scale far greater than what governments in developing countries can provide. But if the proper conditions are created, capital markets will be well positioned to meet those needs. READ MORE

  2. New-Model Development Finance

    Anne-Marie Slaughter

    New-Model Development Finance


     argues that the US, not China, may have the right strategy for aiding poor countries.

    Development financing Florian F./Flickr

    China’s establishment of the Asian Infrastructure Investment Bank is the latest sign of a broader move away from the view that aid to developing countries is best provided in the form of massive government-to-government transfers. Ironically, it may be the US, which opposed the AIIB's creation, that is leading the shift. READ MORE

  3. The Irresistible Rise of the Renminbi

    Lee Jong-Wha

    The Irresistible Rise of the Renminbi


     believes that a greater global role for China’s currency is inevitable and will benefit everyone.

    Newsart for The Irresistible Rise of the Renminbi

    By the end of this year, the IMF will decide whether the Chinese renminbi will join the euro, the Japanese yen, the British pound, and the US dollar in the basket of currencies that determines the value of its international reserve asset, the Special Drawing Right. The benefits of admitting China’s currency far outweigh the costs. READ MORE

  4. Why Syriza Will Blink

    Anatole Kaletsky

    Why Syriza Will Blink


     highlights the false premise underlying the Greek government’s strategy in negotiating with Europe.

    Greece and EU flags Wassilios Aswestopoulos/ZumaPress

    The Greek government, led by Prime Minister Alexis Tsipras’s Syriza party, believes that the threat of default gives it leverage in its debt negotiations with the EU. But the authorities’ calculation is based on the false premise that Europe has no choice but to expel Greece from the eurozone or offer it unconditional relief. READ MORE

  5. The Secret Corporate Takeover

    Joseph E. Stiglitz

    The Secret Corporate Takeover


     shows why today’s “trade” agreements are about much more than free trade.

    Corporate greed protest sign a.mina/Flickr

    A great debate over new trade agreements is underway around the world. But the terms of such agreements are effectively being dictated by the US, and they go well beyond trade, imposing fundamental changes on countries’ legal, judicial, and regulatory frameworks, without democratic input or accountability. READ MORE

Focal Point

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241 pages

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