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September 2012

Like a Hummingbird – From Chile to Mongolia

Otaviano Canuto's picture

MiningIncreased cross-learning and cooperation among developing countries has been a remarkable feature of the global economy in recent decades.  It's been some time now since knowledge and technology flowed only from advanced economies ("North") to developing ones ("South").

Not All That Glitters Is Gold

Otaviano Canuto's picture

imageGross Domestic Product, better known as GDP, is the market value of all final goods and services produced within a country in a given period. That's why GDP per capita is widely used as a summary indicator of living standards in a country. No wonder we keep our eyes closely on its evolution and compare its levels among countries.
 

Is Shadow Banking Dangerous for You?

Otaviano Canuto's picture

payment bookFrom hedge funds to mortgage-backed securities, unregulated and risky activities have fallen out of favor since the Lehman Brothers debacle. Aggressive, casino-type behaviors and obscure transactions definitely played an important role in the run up to the financial crisis of 2008. But are all financial activities that operate outside the regular banking system bad?