Emerging Market Index: An Interview with Life + Liberty’s Perth Tolle

Journal of Political Risk, Vol.9, No. 11, November 2021

Perth Tolle, the founder of Life + Liberty Indexes and the creator of the Freedom 100 EM Index.

Anders Corr, Ph.D.
Publisher of the Journal of Political Risk

This JPR interview with Perth Tolle, founder of Life + Liberty Indexes and creator of the Freedom 100 EM Index, was conducted via email between 14 September 2021 and the 25 November 2021. 

Corr: Can you please explain what your ETF is for those who have no financial experience?

Tolle: An ETF, or exchange traded fund, is a tradable basket of securities, similar to a mutual fund. But unlike mutual funds, ETFs trade on exchanges, and are known for their transparency, tax efficiency, and lower cost.

Most ETFs track an index. And most indexes are market capitalization weighted – where the biggest companies,  and countries, by their market capitalization, get the biggest allocations in the index.

There are three main categories of country classifications for global stocks – developed markets (DM), emerging markets (EM) and frontier markets (FM). Continue reading

US Trade Leverage Against China: An Interview with the Coalition for a Prosperous America

Journal of Political Risk, Vol. 9, No. 10, October 2021

China Shipping – Maersk-Sealand 40′ Containers, Quebec, Canada, 2018. Source: Wikimedia.

Anders Corr, Ph.D.
Publisher of the Journal of Political Risk

This interview with Michael Stumo, the CEO of the Coalition for a Prosperous America, was conducted between October 5-6 via email.

Corr: Why and when did the Coalition for a Prosperous America begin?

Stumo: CPA started in 2008. Domestic manufacturers, farmers, ranchers and workers agreed that the biggest threat to their well being, and that of the economy, was the large, persistent US trade deficit.

Corr: How is Biden’s ally focus going for him on the issue of trade with China? Is Biden’s outreach to allies helping him on this issue?

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Bangladesh’s Economic Rise and the Geo-political Implications

Journal of Political Risk, Vol. 9, No. 7, July 2021

Dhaka, Bangladesh, in November 2007. Md. Ziaul Hoque.

Tridivesh Singh Maini
Jindal School of International Affairs,OP Jindal Global University, Sonipat

In recent years, Bangladesh has exhibited healthy growth rates and emerged as an engine of South Asian growth. In 2019 for instance, the South Asian nation grew at an impressive 8.4%. The country witnessed a 9% rise in per capita income for the year 2020-2021 (its per capita income was estimated at 2,227 USD, and it surpassed India’s GDP per capita during 2020-2021 which was 1,947 USD).

The World Bank has revised Bangladesh’s GDP growth for 2020-2021, as a result of higher than expected remittance flows (while earlier it had predicted that the South Asian nation’s GDP would grow by 1.7% it has revised estimates to 3.6%). The International Monetary Fund’s forecasts for the South Asian nation’s economic growth are higher. “According to IMF, [the] global economy will grow by 6.0% in real term[s] in 2021 and 4.4% in 2022. Whereas, their forecast for Bangladesh is 5.0% in 2021 and 7.5% in 2022,” said the minister.

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Mineral Revenue-Sharing as Peace Dividend: Incentivizing Stakeholders to Support Peace and Stability in Afghanistan

Journal of Political Risk, Vol. 9, No. 6, June 2021

Mineral Map of Afghanistan. Source: USGS

Priscilla A. Tacujan, Ph.D.
Analyst for the U.S. Department of Defense

 

Various players have raised the prospect over the years of Afghanistan developing its mineral wealth as a means to stabilize the country, but nobody believes that it could achieve enough security to prevent attacks on infrastructure and mining operations.  However, it is possible that Afghanistan might be able to broker peace and reconciliation through a mineral revenue-sharing scheme[1] that directly distributes mining dividends and profits to the general population as well as extract concessions from the Taliban — an approach that has helped mitigate conflict in some other war-torn areas where revenue-sharing has been part of their peace accords.[2]  A trickle-down incentive structure could incentivize the Afghan people and militant groups to pursue peace and reconciliation if they become vested stakeholders and direct beneficiaries of their country’s natural resources.  While security conditions in Afghanistan’s extractive industries remain a challenge, a review of successful revenue-sharing practices in other countries suggests that a similar practice in Afghanistan may yield long-term gains.

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Schumer’s No-Good, Weak-Kneed, Sold-Out, Sorry Excuse For a China Bill

Journal of Political Risk, Vol. 9, No. 5, May 2021

U.S. Senate Photographic Studio/Jeff McEvoy, Public domain, via Wikimedia Commons.

Anders Corr, Ph.D.
Publisher of the Journal of Political Risk

There’s a dump truck of a China bill coming your direction from Congress, and it’s chock-full of cotton balls. Not a pretty sight. Conservatives and some tough-on-China Democrats are not happy. 

Senate Majority Leader Chuck Schumer (D-NY), the symphony conductor driving this cacophonous beast towards a vote in the next few days or weeks, is in bed with big money. Since 2015, he garnered over $14 million from large individual contributors and over $4 million from PACs (including other candidate committees) for his campaigns. Lawyers have given over $1 million, and lobbyists over $600,000. 

Universities spend big on lobbyists, and can have cash-cow satellite campuses in China that they seek to protect. U.S. Education lobbying sometimes reaches over $100 million per year in aggregate. As far back as 2020, companies effectively lobbied against new laws to limit forced Uyghur labor from China in the American supply chains of companies like Nike, Coca Cola, Adidas, Calvin Klein, Costco, H&M, Campbell Soup, Patagonia, and Tommy Hilfiger.

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