Emerging Markets Outlook Blog

Analysis and comment on economic and political events affecting the business environment in emerging and frontier markets

Are the Chinese doing damage in Africa?

In The Manzella Report’s “Insider Experts” video series, John Manzella interviews Chip Krakoff who has worked in 30 African countries and knows a thing or two about the continent.

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The Entrepreneurial State, or, You Didn’t Build That

President Obama received a lot of outraged criticism from the right during the 2012 campaign for his remark, “You didn’t build that.” What he meant, though he uncharacteristically said it in a fairly clumsy way, was that for every proudly self-made entrepreneur there is a huge web of supporting institutions and infrastructure built by the government.

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Trade Agreements and Cultural Exceptions: A Plea for Tolerance

Outgoing WTO Director-General Pascal Lamy has recently criticized EU-US and transpacific trade talks, which have the potential to create the world’s two largest free trade areas and measurably increase prosperity and growth for hundreds of millions, if not billions, of people. He has a point. Several, actually.

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It’s Broke, Now Fix It: Patent Protection and Regulatory Capture in the Pharmaceutical Industry

For all its faults, the pharmaceutical industry remains one area in which the United States is still a competitive world leader. But without drastic changes in the way the FDA regulates the industry, this advantage may not last.

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African Air Travel: The Last Frontier

Air travel in Africa is undergoing a renaissance that speaks volumes about the continent’s overall growth and development.

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Afghanistan: A Decade of Progress and Hope?

I met Taymor Kamrany in 2003, just over a year after the U.S.-led invasion of Afghanistan had ousted the Taliban. We were both in Kabul, working on a USAID program to improve the environment for business and help government institutions rebuild their capacity to support a market economy. It was not an easy task.

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Landing an Airbus in the Jungle

I can recall when taking a flight in Africa would almost always give you a funny or hair-raising story to tell, even though paved runways were already standard issue in airports throughout the continent, but traveling around Africa is now pretty boring, which is a good thing.

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Dealing with Nigeria’s Jihadist Threat

About 10 days ago I sat at breakfast in Lomé, the capital of Togo, a sliver of a country in West Africa, watching French TV news of the capture, and what turned out to be false reports of the liberation, of seven French tourists in northern Cameroon by the Nigerian radical Islamist group Boko Haram. It was hard not to feel concerned about the future of this part of the world.

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Obama’s Great Sequester Plan

Jeffrey Sachs, writing in yesterday’s Financial Times, has neatly identified the culprit in the U.S. fiscal sequester, which went into effect at noon today. It is not the Tea Party, nor even the House Republican leadership, but Obama himself, counterintuitive as that may appear.

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