Charting a new path to income convergence
Developing countries made considerable gains during the 2000s, resulting in a large reduction in extreme poverty and a significant expansion of the middle class. More recently that progress has slowed—and the prognosis is for a lot of same, given an environment of poor global trade, a lack of jobs coupled with skills mismatches, greater income inequality, unprecedented population aging in more potent countries, and youth bulges within the poorer ones. As a result, developing nations are unlikely to close the development gap anytime soon.
Nationwide Security & Counterterrorism (国家安全和反恐)
Xinjiang woman detained for sharing praise for Allah on social media—reports
Hong Kong Free Press, May ten, 2017
Energy, metals commodity prices seen strengthening
Prices for most industrial commodities, notably energy and alloys, are projected to rise in 2017 while agricultural prices are expected to remain stable, the World Bank says in its April 2017 Commodity Markets View.
Closely watched commodity future trading prices are forecast to rise to an average of $55 per barrel or clip (bbl) over 2017 from $43/bbl in 2016, climbing to $60/bbl next year. The forecast is unrevised since October and reflects the particular balancing effects of production cuts agreed by the Organization of Petroleum Transferring Countries (OPEC) and other producers on a single side and a faster-than-expected rebound in the U. S. shale oil industry on the other. World oil need is growing strongly, although at a slower pace than the 2015 spike triggered by lower oil prices.
Falling inequality: A Brazilian whodunnit
Long one of the world’s most unequal countries, Brazil surprised pundits by recording a massive reduction in household income inequality in the last couple of decades. Between 1995 and 2012, the country’s Gini coefficient for household incomes fell by seven points, from 0.59 to 0.52. (For comparison, all of the inequality increase in the United States between 1967 and 2011 amounted to eight Gini points – according to this study.)
Unique Topic: Trump-Xi Summit (特别专题：习川峰会)
China’s Xi urges trade cooperation in first meeting with Trump
Reuters, April 7, 2017
Trump hails ‘tremendous’ progress within talks with China’s Xi
BBC, April 7, 2017
Dinner-time airstrike leaves China having to reassess Trump
The particular Guardian, April 7, 2017
China’s press has been relatively mute around the Trump-Xi summit—here’s why
CNBC, April 7, 2017
Spotlight: Xi, Trump engage in deep-going, pleasant, long-time talks at Mar-a-Lago vacation resort
Xinhua, April 7, 2017
习近平同特朗普开始举行中美元首会晤 (Xi Jinping, Donald Trump begin Sino-U. S. summit)
Xinhua, April seven, 2017
Trump: ‘Tremendous Progress’ Constructed with China’s Xi
Voice of America, April 7, 2017
HRIC statement: U. S. -China Summit: ‘Human Rights with Chinese Characteristics’ Hurt Chinese and United states people
Human Legal rights in China, April 4, 2017
What Exactly Will Trump and Xi Discuss at Mar-a-Lago?
Pacific Standard, April 6, 2017
Exactly what cost childhood stunting? And what returns to programs combatting stunting?
The gain from regional electricity trade in South Asia
Countries in the South Asian countries Region (SAR) face a number of functional and economic challenges as they seek to keep up with rapidly growing electricity demands. Our analysis finds that increased regional electricity trade facilitated by expanded cross-border transmitting interconnections among SAR countries can contribute significantly to alleviating these challenges . Cross-border electricity industry could save as much as US$94 billion (in present value terms) in the area during the 2015-2040 period. It would slow up the regional power sector CO2 emissions during the period by 8% also without pro-active measures to reduce CARBON DIOXIDE or harmful local pollutants. Moreover, significantly increasing cross-border interconnection plus trade will necessitate taking measures that inevitably will reduce substantial existing inefficiencies in national power systems in the region, as well.
Hong Kong police to stage riot drills to organize for Xi Jinping visit
The Guardian, March 7, 2017
Legal bid mounted against two more Hong Kong pan-democrat lawmakers
South China Morning Post, March 6, 2017
梁振英动真格控议员诽谤似为晋升政协副主席“除病” (C. Y. Leung said to prosecute Legco member for defamation in order to “remove obstacle” for his advertising as vice-chairman of CPPCC )
Radio France Internationale, March 7, 2017
Are capital flows fickle? And does the solution still depend on type?
According to conventional wisdom, capital flows are usually fickle. They are fickle more or less independent of time and place. But different moves exhibit different degrees of volatility: FDI is least volatile, while bank-intermediated flows are most volatile. Various other portfolio capital flows rank between, and within this intermediate category debt flows are more volatile than equity-based flows.
International transfers of mitigation to achieve the goals of the Paris Agreement
- Do not conflate “international carbon markets” with “internationally transferred mitigation outcomes.”
- Be cautious about the apparent gains from linking emissions trading markets.
- Create contracts between developed and developing country governments for internationally transferred mitigation obligations.