By Taras Kuzio of the University of Alberta
This week, St Petersburg hosted a bizarre gathering organized by the Rodina (Motherland) party of 150 European fascist and nationalist-populist political parties united in their opposition to the EU and US and in support of Russia’s annexation of Crimea and invasion of eastern Ukraine. Rodina is the loyal nationalist ally of President Vladimir Putin’s United Russia party and consequently plays a similar role to the Radical Party’s alliance with the Serbian Socialist party. Read more
By Giancarlo Bruno and Michael Drexler of the World Economic Forum
Are emerging countries facing a corporate bond market bubble? That was the central question in a recent article in the FT, which cautioned that foreign investors are pouring too much money too quickly into emerging corporate bond markets.
Indeed, emerging market activity appears higher than ever before: hard currency emerging market bond issuance reached a record $480m last year, driven by global investors’ search for yield. Yet despite this influx of capital, companies in emerging countries often still have difficulty raising bond proceeds. Read more
By Arturo Porzecanski of American University
Recent moves, countermoves and judicial decisions have brought the government of Argentina perilously close to a checkmate situation. As a result, the endgame in the litigation saga pitting holdout investors against a “uniquely recalcitrant debtor” is now within sight. If the authorities in Buenos Aires were to set aside their confrontational rhetoric and do what is best for their own political survival, they would agree to a negotiated settlement sooner rather than later. Read more
By Mohammad Al Tuwaijri, HSBC
Over the last half century, the Middle East has been a cornerstone in South Korea’s rapid economic development, or what has become known as the ‘miracle on the Han river’ – a reference to the waterway that carves its way through Seoul.
Korean expertise in fields such as transportation, construction and technology can help the Middle East accelerate towards a future beyond oil. The relationship has deep historical roots. Read more