Background Papers

Background papers for the Eurasia Forum meeting in Thun in January 2010:

Connecting Central Asia and the Caucasus with the World

By Johannes F. Linn, Brookings Institution.

Central Asia's Oil and Gas Reserves: To Whom Do They Matter

By Martha Brill Olcott, Carnegie Endowment for International Peace.

Trade and Transport in Central Asia

By Richard Pomfret, University of Adelaide.

The Global Economic Crisis of 2008-09 in the Caucasus, Central Asia and Mongolia

By Pradeep K. Mitra.

How Bad Are Central Asia’s Business Environments and What Can Be Done About Them?

By Dennis de Tray, Results for Development Institute.

Rivalry and Competition in Central Asia

By Martha Brill Olcott, Carnegie Endowment for International Peace.


Background papers for the Africa Forum meeting in Cape Town in September 2009:

The Impact of the Global Financial Crisis on Emerging and Frontier Markets in Africa

By Jack Boorman & Benedicte Vibe Christensen, Emerging Markets Forum.

Looking East: Africa's Newest Investment Partners

By Deborah Brautigam.

South Africa in the African Economy: Growth Spillovers

By Vivek Arora & Athanasios Vamvakidis, IMF.

Structural Transformation and African Agriculture

By Hans P. Binswanger-Mkhize (Tshwane University of Technology), Alex F. McCalla (UC Davis), & Praful Patel (Centennial Africa & Middle East).

Africa’s Infrastructure: A Time for Transformation

By Vivien Foster & Cecilia M Briceño-Garmendia, World Bank.


2009 Global Meeting of the EMF Background Papers

The Impact of the Financial Crisis on Emerging Market Economies: The Transmission Mechanism, Policy Response and Lessons

By Jack Boorman, EMF.

Global Governance and Reform of the International Monetary Fund: An Update

By Jack Boorman, EMF.

Climate of Opportunity: Developing Asia's Potential to Address Climate Change — *To Be Published in the Sage Global Journal of Emerging Market Economies, Issue 3*

By Bindu Lohani, ADB.


India 2039 Report presented at the 2009 Global Meeting of the EMF:

India 2039: An affluent society in one generation: Overview

By Harinder Kohli, Richard Ackerman, Vinod K. Goel, R. A. Mashelka, Homi Kharas, Hossein Razavi, Anil Sood, Inder Sud, Ashutosh Varshney, C.M. Vasudev, Hariharan Ramachandran, Vivek K. Agnihotri, & Michael Walton, Pavan Ahluwalia, and Harpaul Alberto Kohli, Centennial Group.

Updated versions of the following papers will be published in the forthcoming book that will be made available for sale:

Paper 1: The promise: makings of a determined marathoner

By Homi Kharas, Centennial Group.

Paper 2: Inequities and India's long-term growth: tackling structural inequities

By Michael Walton, Centennial Group.

Paper 3: Urbanization and public services: creating functioning cities for sustaining growth

By Inder Sud, Centennial Group.

Paper 4: Energy and sustainability in an affluent India: unleashing an energy revolution

By Hossein Razavi, Centennial Group.

Paper 5: Climbing the global technological ladder: improving higher education, technological development and innovation

By Vinod K. Goel & R. A. Mashelka, Centennial Group.

Paper 6: Governance for a modern society: combining smarter government, decentralization and accountability to people

By Inder Sud, Centennial Group.

Paper 7: Politics of economic transformation: managing political constraints and moving to affluence

By Ashutosh Varshney, Centennial Group.



EMF Special Reports 2009:

Mexico: A safe vessel or a risky wreck in turbulent waters?

By Claudio M. Loser, Centennial Group.


Background papers for the Latin America Forum meeting in Bogota in April 2009:

Reform of the Global Financial System and the Role of the IMF

By Jack Boorman, EMF.

Is Latin America Becoming More Inclusive?

By Nora Lustig, George Washington University & Center for Global Development.

Infrastructure in Latin America: Achieving High Impact Management

Stefania Scandizzo & Pablo Sanguinetti, Corporación Andina de Fomento.

Global Financial Turmoil and Emerging Market Economies: Major Contagion and a Shocking Loss of Wealth

By Claudio Loser, Centennial Group.

Cross-Border Trade and Investment among Emerging Economies: Lessons from differing experiences in Africa, Asia and Latin America

By Claudio Loser, Centennial Group.

Lessons from Colombian Economic Development

By Juan Carlos Echeverry, University of Los Andes, Colombia.


EMF Special Reports 2008:

EMF Special Report: Reform of the Global Financial System and the Role of the IMF

By Jack Boorman, The Centennial Group.

EMF Special Report: Emerging Market Economies and the Global Financial Crisis: Resilient or Vulnerable in Turbulent Times

By Jack Boorman, Anupam Basu, Manu Bhaskaran, and Claudio Loser, The Centennial Group.

EMF Annual Report 2008

By EMF Staff.


Background papers for the Global Forum meeting in Hanoi in July 2008:

Income Disparity and Growth — *To Be Published in the Sage Global Journal of Emerging Market Economies, Issue 1*

By Vinod Thomas, World Bank.

The Prospects for Latin America: Risks and Opportunities with a Historical Perspective (Rev. June 2008)

Claudio Loser, The Centennial Group.

Regional Integration of Capital Markets in ASEAN: Recent Developments, Issues, and Strategies (With Special Reference to Equity Markets) — *To Be Published in the Sage Global Journal of Emerging Market Economies, Issue 1*

By Jaseem Ahmed, Asian Development Bank, and V. Sundararajan, The Centennial Group.

The Coming of Age of Sovereign Wealth Funds: Perspectives and Policy Issues Within and Beyond Borders — *To Be Published in the Sage Global Journal of Emerging Market Economies, Issue 1*

By Adriana Arreaza, Luis Miguel Castilla, and Cristina Fernández, Corporación Andina de Fomento.

Cross-Border Trade and Investment among Emerging Economies: Lessons from differing experiences in Africa, Asia and Latin America — *To Be Published in the Sage Global Journal of Emerging Market Economies, Issue 1*

By Claudio Loser, The Centennial Group.

Climate Change: Opportunities for Africa — *To Be Published in the Sage Global Journal of Emerging Market Economies, Issue 2*

By Maria Ramos and Vuyo Kahla, Transnet Limited.

Business Opportunities in Africa for CDM-Projects and Carbon Trading — *To Be Published in the Sage Global Journal of Emerging Market Economies, Issue 2*

By Rolf M Jeker, Emerging Market Services Ltd.

Comparison of Key Infrastructure Indicators for Selected Emerging Market and OECD Countries

By Harpaul Alberto Kohli, The Centennial Group.

Climate Change: Priority Agenda for Policy Makers and Opportunities for Business in Emerging Markets in Asia

By Bindu Lohani, Asian Development Bank.

Will Emerging Markets Remain Resilient to Global Stress? — *To Be Published in the Sage Global Journal of Emerging Market Economies, Issue 1*

By Peter Dattels and Ken Miyajima, IMF.

A Market Player's View of the Implications of Current Global Financial Turmoil

By Caio Koch-Weser, Gustavo Canonero, Arend Kapteyn, and Michael Spencer, Deutsche Bank.


Background papers for the Africa Forum meeting in Rabat in April 2008:

Climate Change: Opportunities for Private Sector

By Kevin Leo-Smith, Sustainable Forestry Management Africa.

Trade Facilitation and Public-Private Partnerships in Africa

By Rolf M. Jeker, Emerging Market Services Ltd.

Financial Integration in Africa: BMCE Group Strategy

By Jaloul Ayed, BMCE Bank.

Barriers to Cross-Border Trade and Investment: Lessons from Southern Africa

By Lesetja Kyanyango, National Treasury of South Africa.

The Challenges of Regional Integration in Africa and Policy Options

By Anupam Basu, The Centennial Group.

Policies to Support Financial Sector Development in Africa

By Philipp M Hildebrand, Swiss National Bank.

Climate Change: Opportunities for Africa (Also presented at Vietnam Forum; see above) — *To Be Published in the Sage Global Journal of Emerging Market Economies, Issue 2*

By Maria Ramos and Vuyo Kahla, Transnet Limited.

Business Opportunities in Africa for CDM-Projects and Carbon Trading — *To be Published in the Sage Global Journal of Emerging Market Economies, Issue 2*

By Rolf M Jeker, Emerging Market Services Ltd.

Financial Sector Challenges in Africa's Emerging Markets

By Massimo Russo and Piero Ugolini, The Centennial Group.

Securing International Finance: Issues of Debt Management, Prospects, and Modalities

By Paul A. Acquah, Central Bank of Ghana.

Issues in Infrastructure Investment in Africa

By Maria Ramos and Vuyo Kahla, Transnet Limited.

Selected Key Macroeconomic Indicators

By Emerging Markets Forum Staff

Challenges to Cross-Border Investments in Mining in Africa

Sir Samuel Jonah, Jonah Capital



Special Report:

An Agenda for the Reform of the International Monetary Fund

By Jack Boorman, Emerging Markets Forum.


Background papers for the Latin America Forum meeting in Montevideo in December 2007:

Productivity and Competitiveness in Latin America: Policy Options to Close the Gaps

By Adriana Arreaza and Luis Miguel Castilla, Corporación Andina de Fomento.

El Salto del Siglo XX al Siglo XXI: Del "Neoliberalism" al "Neopopulismo". ¿Una Caracterización Suficiente?

By President Carlos D. Mesa Gisbert.

The Prospects for Latin America: Risks and Opportunities with a Historical Perspective

By Claudio Loser, Centennial Latin America.

The Capital Markets in Latin America: Are they at a turning point?

By Miguel Alberto Kiguel, EconViews and Universidad Di Tella.

Public-Private Partnerships and the Infrastructure Challenge in Latin America

By Stefania Scandizzo, Corporación Andina de Fomento.

The Difference Inclusive Growth Makes

By Vinod Thomas, World Bank.


Background papers for the Global Forum meeting in Jakarta in September 2006:

Private Capital Flows to Emerging Market Economies: Major Drivers, Recent Developments and Key Issues

By V. Sundararajan and Harinder Kohli, The Centennial Group.

Building Asia's Infrastructure: Issues and Options

By Haruhiko Kuroda, Rajat Nag, and Rita Nangia, Asian Development Bank.

Financial Markets in Latin America

By Claudio Loser, Centennial Latin America.

Asian Financial Markets and Asian Bond Markets Initiative

By Eisuke Sakakibara, Waseda University.

The International Capital Flows' New Directions

By Marcílio Marques Moreira, Centennial Latin America.

Global Imbalances and Capital Flows to Emerging Market Countries

By Jack Boorman, Emerging Markets Forum.

Infrastructure Development and Services in Selected Emerging Market and OECD Countries: Key Indicators

By Harpaul Alberto Kohli, The Centennial Group.

Latin American and East Asian Trade Strategies

By Luis Miguel Castilla, CAF.

Outward Foreign Direct Investment from India

By Rakesh Jha, ICICI Bank Limited, India.

Building National and Regional Financial Markets: The East Asian Experience

By Andrew Sheng, University of Malaya & Tsinghua University, Malaysia.

FDI Outflows from Emerging Economies

By Heinz Hauser, Swiss Institute for International Economics & Applied Economic Research and University of St.Gallen.

New Global Energy Scene and Emerging Markets

By Armando Ribeiro de Araujo, Centennial Latin America.


Background papers for the Global Forum meeting in Oxford in December 2005 included:

Managing Capital Inflows: What Have We Learned?

By Barry Bosworth, Brookings Institution, Washington DC.

Foreign Direct Investment in Emerging Economies

By Klaus Meyer, Reading University.

Managing Portfolio Equity Flows in Emerging Market Countries

By Manu Bhaskaran, V. Sundararajan and Harinder Kohli, The Centennial Group.

Outsourcing and Offshoring: Key Trends and Issues

By Mari Sako, Saïd Business School, University of Oxford.