US recession – 1: Household Lost-Confidence

http://www.economist.com/world/na/displaystory.cfm?story_id=10134077&CFID=10561065&CFTOKEN=51345653

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Getting worried downtown

Whether or not it’s an official recession, America’s economy will feel grim

Emerging economies

http://www.economist.com/displaystory.cfm?story_id=10136509&fsrc=RSS

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Dizzy in Boomtown

Nov 15th 2007 | HONG KONG
From The Economist

THE world is experiencing one of the biggest revolutions in history, as economic power shifts from the developed world to China and other emerging giants. Thanks to market reforms, emerging economies are growing much faster than developed ones.

Emerging economies account for 30% of world GDP at market exchange rates (and over half using purchasing-power parity to take account of price differences). At market exchange rates they already account for half of global GDP growth. And by a wide range of measures, their weight is looming larger. Their exports are 45% of the world total; they consume over half of the world’s energy and have accounted for four-fifths of the growth in oil demand in the past five years (explaining why oil prices are so high); and they are sitting on 75% of global foreign-exchange reserves.

Will BRIC conquer the world ?

http://www.spiked-online.com/index.php?/site/article/4390/

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Stuart Simpson

Thursday 21 February 2008

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Essay: We should celebrate the spread of wealth and modernity in the developing world, while recognising that a great shift in global power is not imminent.

The continued rise of the emerging economies, particularly India and China, is never far from the headlines. What impact these economies will have on the twenty-first century is the subject of much debate, with the possibility of a shift in global political power a recurring theme. It is often assumed that the emerging economies are following the same path to development that the established economic powers did – but this assumption is worth questioning.

Globalizing or Decoupling – a myth?

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http://www.economist.com/finance/displaystory.cfm?story_id=10808782&CFID=10561065&CFTOKEN=51345653

The decoupling debate

Could recession spread from America?

“DECOUPLING” is the source of a great deal of controversy. Economists argue about whether or not emerging economies will follow America into recession. The most pessimistic claim that as economies have become more intertwined through trade and finance, this should make business cycles more synchronised, not less. The slide in emerging stockmarkets on Wall Street’s coat-tails appears to endorse their view. Yet recent data suggest decoupling is no myth. Indeed, it may yet save the world economy.

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http://www.dinocrat.com/archives/2008/05/07/a-central-economic-question-of-our-times/

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http://www.economist.com/finance/displaystory.cfm?story_id=10567609&CFID=10561065&CFTOKEN=51345653

Decoupling 1: Emerging Asia

An independent streak

Jan 24th 2008 | HONG KONG

Some investors fear that America’s weakening economy will drag down Asia.

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http://www.economist.com/finance/displaystory.cfm?story_id=10567586&CFID=10561065&CFTOKEN=51345653

Decoupling 2: Japan

Unable to fend for itself

Jan 24th 2008 | TOKYO

Japan’s export-led economy still relies heavily on America

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Can Emerging Economies Decouple?

Presentation by Mr. Ayhan Kose

Research Department – IMF

Oil in Matter

http://news.bbc.co.uk/2/hi/business/7090664.stm

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Global oil industry in figures

BBC – Wednesday, 2 January 2008

The importance of oil to global economies has been brought into focus as prices reach more than $100 a barrel.

Follow the links for a snapshot of the industry and how reserves, consumption and trade differ around the world.

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What is keeping oil prices so high?

- Weak US Dollar

- Supply Concerns

- Demand Growth

- Political Instability

- Market Speculation