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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Older populations and economic slowdown have put budgets out of whack globally. Tax increases and austerity alone won’t solve the problem. Governments will need to find ways to erode seniors’ benefits without succumbing to their voting power. It will be painful.
Commodities-dependent nations got more bad news, as BHP warned on iron ore prices. To survive, many will need to turn their economies upside down. Resources prevent long-term strategies, dull the good and bad governance gap and ultimately cloud voters’ views of who’s responsible.
Rapid African growth is likely to continue. But too much spending and borrowing has led many countries into trade deficits. As lenders become more discriminating, the state of the balance of payments, along with freedom from Ebola, will become keys to continued growth.
- Vienna offers a model for stable foreign policy
- Bad ideas catching up with Latin America in 2015
- Bitcoin's defects will hasten its demise in 2015
- Uruguay ahead of Brazil regardless of runoff
- Chilean economic marvel hiccups but won't stall
- Steady U.S. job growth poses grueling wage riddle
- Fed has little to show for QE experiment