by MCV | Mar 22, 2007 | Sin categoría
Intervention in Iraq in 2003 was a difficult and hard decision, but also unavoidable. Those who decried it did not offer credible and alternative solutions to a chronic Middle Eastern case of instability, poverty and human suffering, preferring to continue with the...
by MCV | Feb 16, 2007 | Sin categoría
Looking at China and India growing at 10 per cent in annual rates in their quest for a developed status is certainly goods news, for their combined 2.500 million inhabitants and the rest of the world. Their per capita incomes, less than US$ 2.000, compared to US...
by MCV | Nov 14, 2006 | Sin categoría
The world will soon complete almost a decade with unprecedented growth relatively well distributed across it. But this process has been associated with an impressive wealth transfer from energy lacking areas to those that have a surplus. It so happens that an energy...
by MCV | Oct 4, 2006 | Sin categoría
Increasing world economic integration is a fact, as measured in goods trade and physical and human capital movements. But it tends to be deeper in surrounding countries – as it would equivalently happen at cities or neighborhoods levels -, basically because of...
by MCV | Ago 31, 2006 | Sin categoría
For the last 12 months there has been an increasing pressure over the Federal Reserve to move into a more contractionary monetary policy than before. The basis for such a case has been the apparently low absolute values of the Fed Funds target rates being in place and...
by MCV | Jul 11, 2006 | Sin categoría
After having systematically missed development opportunities during the first 3 quarters of the XX century, being on the verge of a civil war and military conflicts with neighboring countries in the 1970´s and having a successful transition to democratic governments...