The G20 may no longer be under Australia’s custodianship, but the show still rolls on. The leaders’ forum will head to Turkey in 2015, and in his final act as G20 chair for 2014, the Australian Prime Minister Tony Abbott confirmed 2016 will see leaders’ heading for China. The announcement is timely, although the G20 […]
Key Facts
China’s Export Growth Outpaces Most Major Economies in Third Quarter
Exports grew strongly in China and India in the third quarter of the year but slowed in other major economies, according to international trade statistics from the Organisation for Economic Cooperation and Development. The OECD figures, derived from seasonally adjusted data for individual countries and released yesterday, showed total merchandise exports of the Group of […]
Vietnam Expands Foreign Property Ownership to Boost Economy
Vietnamese lawmakers approved a law allowing broad foreign ownership of property, as the government seeks to boost an ailing real-estate market and accelerate economic growth. Foreigners with a valid visa as well as foreign companies and international organizations operating in Vietnam now will be permitted to purchase houses and apartments, according to the National Assembly’s […]
How China is Reshaping Global Development Finance
Over the past couple of months, China has played a major role in launching initiatives to increase infrastructure financing for developing countries. In July 2014, China, together with the other BRICS nations – Brazil, Russia, India and South Africa – agreed to create a new development bank (NDB) that would have initial capital of 50 […]
Innovation Evaluation: Should Development Look to the Private Sector?
With no streamlined model or standardized measures for assessing the results of innovation, it might be time for the public sector to take a harder look at how corporations evaluate innovation. And recent societal change is spurring the development sector to do just that, according to Greta Nasi, director of the public management and policy […]
BRICS Discuss Ratification of New Bank, $100 bn CRA
Leaders of the five BRICS nations have met in Brisbane on Saturday ahead of the annual G20 Summit, aimed at boosting trade and economic ties between the group. The leaders, including Chinese President Xi Jinping, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, South African President Jacob Zuma and Brazilian President Dilma Rousseff discussed […]
Capital Flows Boost Emerging Markets
Capital inflows into the asset class hit US$25bn last month. “I am not entirely surprised as this “global deflation fear”, the driving theme for global markets is quite supportive for global emerging markets,” said Benoit Anne, head of EM strategy at SG. However, Anne reckons that appetite may dampen with the December Fed meeting approaching […]