Foreign Policy Blogs

Global Markets

The Five Oil Exporters Most Affected by Currency Devaluation

The Five Oil Exporters Most Affected by Currency Devaluation

Devaluation is the word of the day in oil exporting countries. Whether it is the Nigerian naira, the Venezuelan bolívar, or the Russian rouble, low oil prices are wreaking havoc in oil exporting economies and on their national currencies.

read more

How Will The Saudi-Iranian Conflict Affect Oil Markets?

How Will The Saudi-Iranian Conflict Affect Oil Markets?

The recent Saudi-Iranian clash is unlikely to affect oil markets for now, but the redistribution of political power between Saudi Arabia and Iran, along with the US disengagement from the Middle East might have long-term consequences for the region’s stability and global oil supply trends.

read more

Foreign Affairs Magazine Presents the Global Economy’s “Up-and-Coming Markets”

Foreign Affairs Magazine Presents the Global Economy’s “Up-and-Coming Markets”

The January-February issue of Foreign Affairs magazine, which is published by the Council on Foreign Relations (CFR), presents a special package on the new “Up-and-Coming Markets” in the global economy. The six markets featured in this special issue are Mexico, South Kroea, Poland, Turkey, Philippines, and the Mekong region. The …

read more

High Frequency Trading: A High-Profile Target Once Again

High Frequency Trading: A High-Profile Target Once Again

High frequency trading (HFT) of securities has become a high-profile target on both sides of the Atlantic in recent weeks.
On September 2, Italy began imposing a tax of 0.02 percent on many order changes and cancellations that occur within 0.5 seconds of the original …

read more

Aspiring Entrepreneur? Then Go East, Young Man (or Woman)

Aspiring Entrepreneur? Then Go East, Young Man (or Woman)

 
Singapore is the easiest place in the world for small- and medium-sized domestic companies to do business, with Hong Kong and New Zealand trailing immediately behind, and Malaysia and South Korea rounding out the Asia-Pacific region’s representation in the top 10, according to a World Bank …

read more

A Candid Discussion with Steve Rhodes

A Candid Discussion with Steve Rhodes

 
As the Middle East continues to plunge in a multi-faceted and what appears to be an increasingly regional crisis, there are debates and even hope about the future of entrepreneurship in the region in the face of the Arab Spring. Corruption, the status of women, the Israeli Palestinian conflict, Iran’s nuclear program, and …

read more

Attracting FDI: Openness Helps, But Opportunity Rules

Attracting FDI: Openness Helps, But Opportunity Rules

 

 
If a country had the most-restrictive regulations on foreign direct investment (FDI) of 55 nations studied, where do you think it would rank among those nations in terms of actually attracting investment from abroad?
If you said “First,” you obviously would be flaunting conventional economic theory and engaging in highly …

read more

SWF Accountability, Transparency: Improvements Noted; More Needed

SWF Accountability, Transparency: Improvements Noted; More Needed

 
Sovereign wealth funds (SWFs) have made progress in improving their accountability and transparency over the last five years, but more can and should be done. That’s the assessment of Dr. Edwin M. (Ted) Truman, a senior fellow at the Peterson Institute for International Economics and former …

read more

Bean Counters Battle over Sovereignty

Bean Counters Battle over Sovereignty


This week the U.S. Securities and Exchange Commission (SEC) charged China-located affiliates of the big five U.S. accounting firms with breaking securities laws by failing to provide documents from their audits of nine U.S.-listed Chinese firms under scrutiny. The SEC and the Public Company Accounting Oversight Board (PCAOB) are …

read more

Can Latin America handle another global shock?

Can Latin America handle another global shock?

A decoupling of emerging markets from the struggling developed world is a myth, as we saw in 2011 when euro and US shocks caused a sell-off in EM currencies, including in Latin America. Next year could be rough as global growth slows. Countries from Brazil to China are rushing to …

read more

Time to Applaud the TARP

Time to Applaud the TARP


The TARP covered banks across the nation

The US government’s Troubled Asset Relief Program (TARP) was such a success that it not only saved America’s financial system, with the help of the Federal Reserve, it also saved the global economy AND turned a profit for the …

read more

The Federal Reserve’s Balance Sheet

The Federal Reserve’s Balance Sheet


The Federal Reserve Board

With right-wing Republican presidential candidates these days either calling for the Fed to be abolished (Ron Paul) or simply calling the nation’s central bank “treasonous” (Rick Perry), thinking citizens should at least be concerned about the Fed’s activities. I defended the Fed on

read more

Unasur and Banco del Sur

Unasur and Banco del Sur


The Union of South American Nations

Will the Union of South American Nations (Unasur) and its monetary fund, Banco del Sur, be successful?
It has been difficult for emerging markets to diversify their sources of balance of payments (BOP) support. During the 1997-98 Asian crisis, the shame such Asian …

read more

A View on Europe

A View on Europe


The following post is an edited version of an article that appeared in the Jerusalem Post earlier this month by Pinchas Landau, author of The Landau Report, a newsletter and consultancy service addressing the needs of foreign firms and financial institutions active in Israel and the Middle …

read more

China’s View of America and Europe’s Debt and Their Efforts To Get It Under Control

China’s View of America and Europe’s Debt and Their Efforts To Get It Under Control

With America’s latest market crash, the debt debate seems so ‘last week’ (hey, it was last week!), there is still much to learn from the tumultuous process. Niall Ferguson attempts to provide an outside perspective on the whole debt limit battle. It’s a pretty important outside perspective too; China:
Viewed …

read more

americasdiplomats_socialmediaasset