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.
- Tel: +1 845 454 0295
- E-mail: email@example.com
Lower-paid and temporary work accounted for most of May’s 175,000 employment increase and 40 pct of new jobs in the past year. Meanwhile, part-time work remains high and may rise as Obamacare kicks in. The jump in jobs might look good, but for many it’s not a path to prosperity.
The Millennium Development Goal of halving extreme poverty by 2015 was achieved early. The problem is now largely African, but even there cellphones are connecting people and boosting growth. That brings cutting the number living in poverty by another 1 bln by 2030 within range.
Real GDP didn’t even manage a 1 pct growth rate in Q1. That pales next to star economies like Ghana’s. Mining rebounded but manufacturing fell. While emerging near-neighbors are welcoming foreign investment and small business, South Africa’s leaders are reliving past battles.
- Four-way Latam trade deal holds quadratic power
- Even African laggards can hope to kickstart growth
- Jonathan needs good luck to keep Nigeria moving
- Economic asymmetry curses costly al Qaeda fight
- Bulgarian chaos may lead down Argentine road
- Uncle Sam's austerity-by-gridlock beats Europe
- NAFTA veteran is trade-friendly choice to run WTO