About the Author:
Jeffrey A. Frankel is the James W. Harpel Professor of Capital Formation and Growth at Harvard Kennedy School. He directs the Program in International Finance and Macroeconomics at the National Bureau of Economic Research, where he is also on the Business Cycle Dating Committee, which officially declares recessions. He currently serves on advisory panels for the Federal Reserve Banks of New York and Boston, the Bureau of Economic Analysis, and the Peterson Institute for International Economics.
Tag Archives: Africa and commodities
Escaping The Oil Curse
Libyans have a new lease on life, a feeling that, at long last, they are the masters of their own fate. Perhaps Iraqis, after a decade of warfare, feel the same way. Both countries are oil producers, and there is … Continue reading
Posted in Africa and commodities, Commodities, Economic Development, International Trade, Iraq, Oil
Tagged Africa and commodities, Commodities, Economic Development, International Trade, Iraq, Oil
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Barrels, Bushels & Bonds: How Commodity-Exporters Can Hedge Volatility
The prices of minerals, hydrocarbons, and agricultural commodities have been on a veritable roller coaster. Although commodity prices are always more variable than those for manufactured goods and services, commodity markets over the last five years have seen extraordinary volatility. … Continue reading
Posted in Africa and commodities, Commodities, Emerging markets, Investing, Oil
Tagged Africa and commodities, Commodities, emerging markets, Investing, Oil
Comments Off on Barrels, Bushels & Bonds: How Commodity-Exporters Can Hedge Volatility
Combating Volatility in Agricultural Prices
Under French President Nicolas Sarkozy’s leadership, the G-20 has made addressing food-price volatility a top priority this year, with member states’ agriculture ministers meeting recently in Paris to come up with solutions. The choice of priorities has turned out to be timely: world food prices reached a record high earlier in 2011, recalling a similar […] Continue reading
The IMF Head Can’t Come from Emerging Markets Unless They Get Behind a Candidate
It is time for the Managing Director of the International Monetary Fund to come from an emerging market country. But that has been said often before. Whining about the injustice of the 65-year duopoly under which the IMF MD comes from Europe and the World Bank President comes from the US won’t change anything. Only […] Continue reading
Some Big Ideas from Small Countries
Two decades ago, many thought the lesson of the 1980s had been that Japan’s variant of capitalism was the best model, that other countries around the world should and would follow it. The Japanese model quickly lost its luster in the 1990s.
One decade ago, many thought that the lesson of the 1990s had been […] Continue reading
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