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The Mexican economy has improved so much in recent years that Latin American fund managers say they have made most of the easy gains from macroeconomic improvements.
But they may still be a drain on corporate profits in traditional firms.It would be easy to exaggerate the macroeconomic significance of soaring top-level non-labour costs.
But, as the report says, "development assistance is easier to obtain for macroeconomic policy, health or education…than for job creation".Third, outsiders should stop treating new conflicts as if they were traditional interstate or civil wars, with clearly defined roles for diplomats, soldiers and human-rights or aid workers.
The United States' ability to finance macroeconomic imbalances through easy foreign borrowing allowed it to postpone tough policy choices (something that was of course true in many other deficit countries as well).
"So America's environment is easier right now because its macroeconomic policies are less contractionary than in Europe".
Good macroeconomic analysis is relatively easy to obtain.
The need for better bank regulation is nowadays widely understood but, judging by experience to date, that does not make the underlying dilemma of systemic stability and moral hazard any easier to resolve.EssentialsThe importance of macroeconomic stability, and especially of fiscal conservatism, continues to be underestimated.
But I'll give them this: in terms of macroeconomic events, this has not been an easy year to predict, starting with the earthquake in Japan and the revolutions in the Middle East.
Therefore, founders should not expect venture capital to be as easy to raise or in plentiful supply if the macroeconomic volatility continues or escalates.
It would not be easy to reverse the value of Japan's currency; worldwide macroeconomic trends currently favor a strong yen.
The IMF sought to discourage sovereign self-insurance in 2009 by offering "flexible credit lines", loans on easy terms and with few conditions attached to countries with responsible macroeconomic policies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com