Progress on Climate Finance

March 19, 2015 By Luis Fierro - 0 Comments

By Luis Fierro Carrión, Climate Finance Advisor for AILAC (*) In recent months, there has been ​​significant progress on the issue of funding for mitigation and adaptation to climate change; but much remains to be done to cover the financing needs of developing countries, which exceed $ 500 billion per year. Green Climate Fund After Germany pledged to provide 750 million euro to the Green Climate Fund (GCF) during the Petersberg Dialogue in July 2014, during the ...

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How are oil exporting countries facting the falling price of oil

March 19, 2015 By Luis Fierro - 0 Comments

By Luis Fierro Carrión (*) (A Spanish version of this article was written for the February 2015 edition of Revista Gestión, Ecuador). The international price of crude oil has dropped by 50% between June 2014 and February 2015 (the benchmark West Texas Intermediate - WTI - has dropped from $ 105 US dollars per barrel to $ 50, while the Brent fell from $ 115 per barrel in June to $ 61 in February). http://www.nasdaq.com/markets/crude-oil.aspx?timeframe ...

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Top 15 economics and finance blogs

December 20, 2013 By Luis Fierro - 0 Comments

Top 15 economics blogs. 1. http://krugman.blogs.nytimes.com/ (Paul Krugman, Nobel Prize 2008, Princeton U.; one of Time magazine's top 25 blogs, together with Freakonomics) 2. http://opinionator.blogs.nytimes.com/author/joseph-e-stiglitz/ (Joseph E. Stiglitz, Nobel Prize 2001). 3. http://delong.typepad.com/sdj/ Brad DeLong (UC-Berkeley) 4. http://economistsview.typepad.com/ Mark Thoma (U. of Oregon) (which also includes a very comprehensive list of economists blogs on the right side ...

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Not enough high potential enterprises are created in Latin America

December 20, 2013 By Luis Fierro - 0 Comments

Summary of an article published in Spanish in Revista Gestión of Ecuador, Dec. 2013   By Luis Fierro Carrión   Latin America suffers from a problem of low productivity: the human and physical capital of the economies of the Region are not used adequately in the production of goods and services.  This phenomenon explains in part why the Region has not achieved more dynamic growth rates since the past century, which in turn has prevented its average ...

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Oil demand could reach peak, oil prices could fall

October 21, 2013 By Luis Fierro - 0 Comments

By Luis Fierro Carrión (A Spanish version of this article was written for Revista Gestión of Ecuador)   For several decades, some environmentalists and critics of the oil industry have warned that oil production could reach a "peak", due to - supposedly - its over-exploitation and decrease in reserves.  This "peak oil" phenomenon, however, has never materialized, and production has been increasing steadily, from 15 million barrels per day (mbd) in 1950, to about 60 mbd in 1980 ...

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FAQ on the government shutdown

October 1, 2013 By Luis Fierro - 0 Comments

What happened?   The federal government entered into a shutdown today (October 1, 2013).  This affects non-essential services.  Approximately 800,000 federal employees have been furloughed (leave without pay).  Other essential employees will continue to work, although only military personnel have their pay guaranteed (other essential personnel will likely receive retro-active pay).   Will this affect postal service?   No.  Only federal government services that are financed through what is deemed "discretionary spending" ares affected.  The postal service ...

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Ecuador was the country with lowest foreign direct investment in Latin America (as a % of the GDP)

September 30, 2013 By Luis Fierro - 2 Comments

Ecuador was the country with the lowest Foreign Direct Investment (FDI) in Latin America Summary of the article by Luis Fierro Carrión published in Revista Gestión, No. 229 (July / Aug 2013). Ecuador was the country in Latin America and the Caribbean that received the least amount of Foreign Direct Investment (FDI) as a proportion of GDP in 2012, according to a recent study by ECLAC.  According to this study (http://goo.gl/4QKKV), Ecuador received ...

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Millionaires of the world, unite!

September 30, 2013 By Luis Fierro - 0 Comments

Millionaires of the world, unite!

Millionaires of the world, unite!    Millionaires of the world, unite! Summary of an article by Luis Fierro Carrión published in Revista Gestión of Ecuador, August 2013 An interesting article on the distribution of wealth in the world, and the concentration of wealth in the hands of millionaires and billionaires:  there are 12 million millionaires in the world, who jointly hold a fortune valued at $46.2 trillion. North America influenced in the increase of the ...

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