Martin Hutchinson covers emerging markets and economic policy, drawing on 25 years of experience as an international merchant banker. He ran derivatives platforms for two European banks, before serving as director of a Spanish venture capital company, advisor to the Korean conglomerate Sunkyong and chairman of a US modular building company. In Zagreb he established the Croatian debt capital markets and set up the corporate finance operations of Privredna Banka Zagreb. Since 2000 he has been a financial journalist, and is the author of "Great Conservatives," a book on British political history. He has a first class Honours degree in Mathematics from Trinity College, Cambridge and a Harvard MBA.
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Dayo Olopade’s “The Bright Continent” describes “kanju,” the hustling, striving and rule-breaking that make modern Africa work. The canny invisible hand can outwit the dead hand of corrupt bureaucracy. Sadly kanju makes the continent a tough place to do fully organized business.
Wages represent 52 pct of GDP, and until they accelerate inflation won’t take hold. A leading think tank is even still worrying about deflation. But there are early hints that employees are beginning to regain some bargaining power. Higher prices could follow in 2015-16.
Viktor Orban won re-election with Brussels-condemned policies such as a flat tax, a floating exchange rate and levies on foreign companies. But his populist disdain for property rights can do long-term damage and his big Russian deals are risky. More orthodoxy will work better.
- Brazil pulls monetary levers while G7 pushes
- Chilean quake spares economy, as do tax reforms
- High-speed traders just latest market rent-seekers
- Data realism conveniently saves Argentina $3.5 bln
- Review: Moneyball flaws can be found in finance
- Putin may find more appeal in Arctic than ex-USSR
- How to slow runaway executive pay