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Small economies: increasingly FIT as an asset class
Back in 2024 we argued in favor of forming portfolio investment strategies focused on small open economies such as OASES (Oriental Republic of Uruguay, Austria, Switzerland, Emirates (UAE) and Singapore), given that their neutrality in international relations and superior economic policies may deliver lower geopolitical risks premia for sovereign and corporate assets in international markets[1].…
A coordinated trade response from BRICS?
Ever since its inception the most important question about the BRICS grouping was whether it would be capable of transforming itself into an effective platform for economic cooperation. And the greatest riddle of all with regard to this fundamental question was the lack of coordinated initiatives in the trade sphere. But with the unprecedented pressure…
Connecting G20 with the rest of the world
One of our long-standing policy prescriptions in the sphere of global economic governance has been the creation of a regional 20 (R20) engagement group within the G20 that would include the main regional integration arrangements and allow for greater inclusivity in the operations of this global economic forum[1]. We also argued in our T20 paper…
The disrupt economies of the future (part 2)
(Continued from Part 1) Disruption may be the short-cut to catch-up growth for those emerging markets that can harness the corresponding technology, platforms and ecosystems. Building on Gerschenkron’s dictum on the advantages of backwardness[1], emerging economies may borrow and adapt the technological advances and business models from leading corporates and national economies to advance closer…
The disrupt economies of the future (part 1)
What if whole states and national economies were to attempt to replicate the corporate successes of Uber or Amazon in something as grand as market disruption? In the corporate world market disruption is associated with innovations in products, business models and technologies with significant changes for market and industry dynamics. Such changes may be accompanied…
A new regional development bank for Eurasia
China’s presidency in the Shanghai Cooperation Organization (SCO) this year has been accompanied by an acceleration in the progress made by this Eurasian bloc towards creating a common SCO Bank. While the idea has been in discussion for almost a decade, the recent meeting of Finance Ministers and Heads of Central Banks of SCO economies…
BRICS future direction: between innovation and imitation
By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; Third, by experience, which is the bitterest. It is better to fail in originality than to succeed in imitation. The BRICS summit in Rio is over with the bloc managing to agree on the key issues presented…
BRICS 2025 Summit Declaration unveiled
With the first day of meetings of the BRICS 2025 Summit coming to a close, the bloc’s member economies adopted the BRICS Summit Declaration that encapsulates the main messages of the grouping to the world community. In the economic sphere the main points addressed in the Declaration centered on the reforms of global international institutions…
A case for BRICS conditionality
The expansion of BRICS membership in the past several years took many observers by surprise in terms of its speed and scale, with the widening of the ranks in memberships and partnerships proceeding along several tracks (core expansion and the partnership belt) and leading to a near quadrupling of the number of emerging market economies…
EFTA and Mercosur conclude FTA talks
After the conclusion of negotiations between the EU and Mercosur at the end of 2024 our sense was that the next milestone in the agreements between the leading regional blocs in the world economy would likely to be attained by EFTA and Mercosur[1]. Half a year later this has in fact come to pass with…
