September 19, 2017

Asian-led Financial Bodies Needn’t Compete with Current Players

(Photo by Prachatai, Creative Commons License)

As the world globalizes further, other developing regions are likely to establish their own regional institutions to provide global public goods. An important lesson for these countries from Asia’s experience is that such institutions should find ways of cooperating with global institutions instead of trying to upstage and replace them. Read More »

3 Years of Painful Cuts Sets Markets Up for Oil Supply Crunch

(Photo by edward stojakovic, Creative Commons License)

Oil prices are entering a “sweet spot” — a range between $50 and $60 per barrel that could finally be good for the global economy – low enough to provide consumers with a bit of a stimulus, but high enough to keep the industry and capital spending afloat. Read More »

Responding to Sri Lanka’s Economic Crisis

Sri Lanka's some reforms may mean some tough times for its population. (Photo by  Patty Ho, Creative Commons License)

The gloomy short-term economic forecast is bound to test the strength of Sri Lanka’s ruling coalition. In managing painful economic reforms, the government’s hard work is only beginning. Read More »

Think Beyond Oil And Gold: Interview With Mike ‘Mish’ Shedlock

The San Ardo Oil Field in California from the Coast Starlight. (Photo by Loco Steve, Creative Commons License)

No one really knows where oil will be around Christmas. While we may have already seen the bottom, stock prices are not the bargain they were. Read More »

What Does the Next OPEC Meeting Have in Store?

(Photo by Day Donaldson, Creative Commons License)

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. Read More »

The Old Oil Order Is Collapsing

An oil refinery in Saudi Arabia. Much of the oil producing countries need the oil prices to stay at least at $54 a barrel to balance their budgets. (Photo via video stream)

If even Saudi Arabia is ready to move away from its reliance on petroleum, we're indeed entering a new world — one in which the titans of oil production will no longer hold sway over our lives. Read More »

Why China is Really Dictating the Oil Supply Glut

China has been on oil buying spree ever since the global oil prices plunged. (Photo by Pieter van Marion, Creative Commons License)

China’s massive oil imports despite dropping domestic demand are contributing to driving the oil prices up. If their imports drop, the world will return to the supply glut and oil prices will retrace back to the lower $30s/b. Read More »

Water Scarcity May Hit Economic Growth: World Bank

Climate change may seriously impact Pakistan in South Asia, which has poor water conservation record. (Photo by U.S. Embassy Pakistan, Creative Commons License)

The negative impacts of climate change on water could be neutralized with better policy decisions with some regions standing to improve their growth rates by up to 6 percent with better water resource management. Read More »

Angola: Risk and Reward

A view of Luanda's skyline. (Photo by David Stanley, Creative Commons License)

This sub-Saharan country is trying to diversify its economy and reduce its dependency on oil exports. Read More »

Beyond Saudi Arabia’s Ambitious Plan to Diversify Economy

The prince wants to attract more international investment, and part of that could include loosening the country's strict social and moral rules.  (Photo by dr. zaro, Creative Commons License)

But Prince Mohammed faces a tough challenge – modernizing the economy and society will require him to confront religious conservatives, a faction that the government has allied with for many decades. Read More »