Tag: reform

Enrique Peña Nieto, Mexico’s new president, is promising structural reforms and generating great excitement about his economic model. Mexico’s markets are rallying, but can the reforms stimulate real wages, which have stagnated for more than a decade? John Paul Rathbone, Latin America editor, and Long View columnist John Authers discuss.

The Arab spring seems a world away on the train from Casablana to Rabat. In one compartment a conversation springs up between a local Moroccan, running a machine parts manufacturing business, and a Saudi from a construction company, visiting Rabat to seek migrant labour to help with the booming development in Saudi’s northwest. Cards are exchanged, then brochures; business is done, right here on the rumbling train. Continue reading »

By Dominic Scriven of Dragon Capital

It has been a hard time for investors in Vietnam in recent years. Sky high inflation, lax lending to unproductive sectors – especially state-owned enterprises, a depreciating currency and high levels of non-performing loans have caused foreign investors to think twice about buying into the country.

However, on Sunday the Lunar New Year will be ushered in with spectacular fireworks, wonderful flower markets, family banquets and colourful celebrations. The coming Year of the Snake, the 6th animal in the Chinese zodiac, is commonly associated with focus and discipline. Both will be needed if the government intends to carry on its promise of economic reform. Continue reading »

By Marcos Troyjo of Columbia University

The timid expansion of Brazil’s GDP in the past 12 months at under 1 per cent deals a hard blow to the notion that its policy makers had devised an economic model uniting high growth with social inclusion. This sweet dream is over. It is wrong to assume that the set of policies Brazil has put in place in the past few years to boost its economy and upgrade its social data are pillars of a new development model. Continue reading »

Russia has talked a lot about economic diversification over the past two decades but it has made little progress in weaning itself off revenues from natural resources. A new report by the European Bank for Reconstruction and Development sets out recommendations that might stimulate industrial modernization and tries to make sense of Russia’s abiding addiction to oil. Continue reading »

Something does not feel right in Kiev, with a new-old prime minister back in place.

Brawls broke out in parliament ahead of Thursday’s vote by lawmakers to re-instate Mykola Azarov as Ukraine’s prime minister. Then on Friday, an influential oligarch resigned as deputy prime minister in protest at President Viktor Yanukovich’s decision to bring Azarov back. Continue reading »

Fresh indications that all is not well with India’s economy: exports fell and imports rose in November, delivering yet another big trade deficit. And it’s likely to get worse before it gets better – not a great outlook for the currency or for equities. Continue reading »

By Primož Cencelj of KD Funds, Ljubljana

News clips broadcast around the world in the past fortnight of police and protesters clashing violently on the streets of Slovenia do not fit well with either the image nor the usual reality of this small Alpine state, the only fragment of former Yugoslavia (so far) to become a member of the European Union. Continue reading »

Romanian President Traian BasescuMost Romanians will be pleased to see the back of 2012, a year that began with a bitter winter of street protests against austerity and government heavy-handedness, then saw the toppling of two prime ministers, the failed impeachment of an unpopular president, and a constitutional crisis that brought international opprobrium.

But the year may have one more drama in store: on Sunday, Romanians vote in a general election. The governing coalition seems certain to win but Romania’s constitutional set-up means a rather different administration could take shape. Whatever government emerges will be under pressure to negotiate a new deal with the International Monetary Fund and restart reforms to trim the public sector. Continue reading »

By Gwen Robinson and Jake Maxwell Watts

Its fledgling – and tiny – stock market may only have two companies listed, the population barely amounts to 6.5m and the economy is invariably described as “sleepy”. But Laos is poised to realise a 15-year effort to join the World Trade Organisation, amid robust economic growth of 8 to 9 per cent annually over the last few years and a surge in exports and imports. Continue reading »

Is India right to congratulate itself — as it often does — on its prudent banking regulation? Perhaps not, or at least not quite so frequently, according to Montek Singh Ahluwalia (pictured), one of the country’s most senior technocrats and a close friend of Prime Minister Manmohan Singh. Continue reading »

Indian markets hit their highest points in over a year on Thursday on reports that the government was set to enact reforms that would open up the pensions sector to foreign direct investment and raise a cap on foreign ownership in the insurance sector. Continue reading »

The Indian government seems to be standing firm on its new reform agenda, despite a wave a protests and the loss of a coalition partner that would have lost the Congress Party its majority.

On Friday – the day after opposition leaders took to the streets to protest a hike in diesel prices and the opening up of multi-brand retail to foreign direct investment – the government gave Indian companies some comfort in the form of a tax break. Continue reading »

The Indian government’s newfound reform agenda was thrown into chaos late on Tuesday when Mamata Banerjee, chief minister of West Bengal and a member of the ruling coalition (pictured), withdrew her support from the government in protest.

It hardly came as a surprise – Banerjee, also known as Didi, or “sister”, has often played spoilsport to reforms she feels might adversely affect “the people”, as she did with a rise in railway prices this year and a previous attempt last year to allow 51 per cent foreign direct investment in multi-brand retail. Continue reading »

Alexandre Tombini, governor of Brazil’s central bank, is in an upbeat mood. Brazil’s overheated credit market, once a big worry, is on the road to recovery. The economy will recover to an annualised growth rate of 4 per cent in the second half; even economists expecting full year growth of 1.9 per cent agree about that, he says.

More fundamentally, Tombini announces, “We are going to go horizontal” – meaning that reform – initially of taxes, energy policy and infrastructure investment – will be across the board, rather than to the benefit of the government’s favourite sectors. Great news – if you believe it. Continue reading »

BB: time to register

Dear beyondbrics readers,

After more than three years of fully open access, we are taking the step of asking our readers to register on FT.com to read our articles. Beyondbrics will still be free but we'd like to know a bit more about you, our readers. Other FT blogs (including Alphaville) already do the same thing. Registration is active on beyondbrics from May 6.

Many of you are already registered on FT.com, or are subscribers - in which case, if you are logged in to the site you will not notice any difference. Just carry on as before.

For those of you not yet registered, it's a simple process which only takes a few moments.

Reading beyondbrics articles will NOT deduct from your free monthly quota of stories on FT.com.

Many thanks

Stefan Wagstyl, emerging markets editor

Global equities macromap

beyondbrics

The emerging markets hub

About this blog Headlines email Blog guide
News and comment from more than 40 emerging economies, headed by Brazil, Russia, India and China.



'Like' our beyondbrics Facebook page, where we showcase a top story of the day
Sign up for our news headlines and markets snaphot service. We have two emails per day - London and New York headlines (sent at approx 6am and 12pm GMT).

Pretty much everything you need to know about beyondbrics is in our About this site page. But briefly:

To comment, please register for free with FT.com and read our policy on submitting comments.

There is an overall beyondbrics RSS feed, as well as feeds for all our countries, tags and authors. Learn more in our full RSS guide.

All posts are published in UK time.

Get in touch with us - your comments, advice and even complaints. Find out how to contact the team.

See the full list of FT blogs.

BB shortcuts

Regulars Series Archive
Chart of the week
Behind the numbers

Corporate watch
A regular in-depth look at a significant emerging market-based company

The Weekender
Catch up with the week in emerging markets
Hello 2013
Guest posts on the outlook for the year ahead

2012 review
Quiz, charts, most read and more

BB review
An occasional series reviewing books and arts from around the beyondbrics world

Brics at 10
A decade of growth
12 for 2012
Guest writer predictions
2011 review
The year in numbers
The Diaspora Digest
EM diasporas, seen through their community media (Oct-Nov 2011)
Sick brics (Sep 2011)
Brics and mortar (Aug 2011)
Beyondbrics on the beach (Jul-Aug 2011)
China bubble? (June 2011)
Post-election Nigeria (June 2011)
Hey bric spender (Aug 2010)

Emerging markets data

Archive

« AprMay 2013
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031