EMerging Equity
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China Cuts Interest Rates To Record Low As Stock Market On Cusp Of Bear Market
China’s Central Bank has cut interest rates to a record low and has lowered the reserve-requirement ratios (RRR) for some lenders as Beijing seeks to revive the country’s sluggish economy which is poised for the slowest economic growth in twenty-five years. The interest rate cut by China’s Central Bank, the People’s Bank of China (PBOC), is the fourth cut … Continue reading
Petrobras’s Lesson For Latin America
By Hana Fischer In the wake of the scandal surrounding Brazil’s state-run oil company Petrobras, we would do well to analyze the role of state enterprises in the Americas. Codenamed Lava Jato, or “car wash,” the investigation into Petrobras operations by police and public prosecutors revealed a colossal corruption scheme involving former top executives, construction companies, and … Continue reading
Getting The State Out Of Economic Enterprise In China
By Peter Drysdale The relationship between the state and economic enterprise is a central choice that governments have to make in all economies. The role of the state and state-backed or state-owned enterprise in Asia’s economic modernisation is a question of special interest. Some argue that in all the economies of Asia that have enjoyed … Continue reading
Private Not State Firms Are China’s Growth Engine
By Nicholas R. Lardy PIIE Virtually every dimension of China’s economic success over the past three-and-a-half decades can be attributed largely to the rise of markets and private businesses. Private firms account for almost all the growth in employment, most of the expansion of output and investment in manufacturing, and in recent years for over … Continue reading
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