( EN ) Plenary XI: Emerging Leaders Closing Plenary

Industrial policy is a controversial, even taboo, subject in policy circles. Yet it is widely practiced by advanced and developing countries alike2 . This note tries to make sense of this paradox. It argues that industrial policy can be a useful weapon in the development policy arsenal. However, the effectiveness of industrial policy is more circumscribed than many of its practitioners think, and there are significant risks associated with getting it wrong, especially in a poor gove ...

The water-energy-food (WEF) nexus has emerged over the last few years as an innovative and holistic platform for resource management and allocation. Unlike many other disciplines that make their way to the policy circle through academic debates, the nexus emerged from the global and policy business community as a platform to guide sustainability efforts. It is, with no doubt, that the nexus will find its way to the implementation of the sustainability development goals (SDGs), appro ...

Due to the existing geographical distance between the main consumption and production regions and the resulting significant logistical costs, the liquefied natural gas (LNG) market has historically been structured around long-term supply contracts indexed to oil prices. With the recent development of shale gas and sluggish European growth, excess LNG supply now fosters the development of spot markets, particularly in Asia, by nature more flexible and disconnected from oil prices. In ...

Q: The U.S. Federal Reserve on Dec. 16 raised interest rates, ending what Fed Chairwoman Janet Yellen called an “extraordinary seven-year period” during which policymakers kept the federal funds rate near zero in an effort to support the economy. How will the Fed’s action affect Latin American economies, many of which are struggling with anemic growth and low prices for their commodity exports? How will the interest rate hike affect Latin American countries’ ability to pay off their ...

The expression “green revolution” is controversial today; yet my own assessment is that, in spite of many valid criticisms, the Green Revolution was a major achievement for humankind: it made erroneous the Malthusian predictions of the 1960s and 70s that it would be impossible to provide enough food for a rapidly growing world population and that major humanitarian crises, including famines, would occur in several countries within a few years, particularly in South Asia. In a wider ...