Janar Wasito

Quantitative Easing

In a survey of the global monetary system, The Economist notes that the increased taxes that Brazil and other emerging states have used to slow capital inflows have been endorsed by the IMF (International Monetary Fund). “For the past decade emerging economies have responded to these surges largely by amassing reserves. They need other options.Continue reading “Quantitative Easing”

Brazil Takes Off

In late 2009, The Economist covered Brazil in an leader and special report which contrasted the country with fellow BRIC countries, but warned that the biggest risk may be hubris. “WHEN, back in 2001, economists at Goldman Sachs bracketed Brazil with Russia, India and China as the economies that would come to dominate the world,Continue reading “Brazil Takes Off”

Waging Currency Wars

War! Or what passes for it for central bankers like Mr. Mantega, dispatches from the front, from The Economist. “HAVING quickly shaken off the world recession, many countries in Latin America are prospering again. The region’s economies grew by an average of 6% last year, according to a preliminary estimate from the United Nations EconomicContinue reading “Waging Currency Wars”

Euro area tire maker benefits from increased Brazilian sales

The Economist reports on a Euro area tire maker that benefits from increased sales in emerging markets, in particular, Brazil: “Pirelli reckons its narrower focus on tyres, especially premium ones, will prove an advantage as it expands in emerging markets. Half of its business is already in the emerging world—“more than any other of theContinue reading “Euro area tire maker benefits from increased Brazilian sales”

Latin America: Societies on the Move

The Economist’s coverage of the Latin American middle class emphasizes that the continued expansion requires better schools. ““Middle class” is a slippery concept. What is clear is that Latin American societies are changing rapidly in response to urbanisation, democracy, economic reform and globalisation. Poverty has declined almost everywhere. Just as important, income distribution has beenContinue reading “Latin America: Societies on the Move”