Yesterday I lamented the dearth of optimism regarding the global economy, in spite of the fact that several emerging markets are having a relatively good crisis.
Alas, analysts at Moody's have disregarded my plea.
A few months back, Justin Lin, the World Bank's chief economist, and Bill Easterly had a friendly debate about the merits of industrial policy. Lin has been promoting a concept he terms New Structuralist Economics, or what might more plainly be called Industrial Policy 2.0.
Today IFC and S&P launched the Carbon Efficient Index for Emerging Markets. The index is designed to closely track the Investable Emerging Markets Index begun by IFC, but is now managed by S&P with 24% more carbon efficiency.
Last month, Ryan took a look at the impact of the financial crisis on microfinance in Latin America, arguing that uncompetitive microfinance markets and small or inexperienced MFIs were responsible for increased premiums.