Nigeria’s rapidly growing economy has increased its appeal to the world’s emerging market investors. But political tensions ahead of next year’s elections and failed reforms have exposed some glaring weaknesses.
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In Nigeria, ousted central bank governor Lamido Sanusi is under scrutiny. However, on an international level, it is the government that should be worrying about its reputation.
Lower growth in Latin America and a lack of reforms in areas such as education, infrastructure and taxation are not inviting propositions, but the region still shows some areas of great promise in 2014.
EU accession was meant to bolster Croatia’s economic prospects, but it is yet to have a positive effect on the country's flagging economy. Meanwhile, its banks are facing poor asset quality and a difficult operating environment.
The new 'grand coalition' of conservatives and socialists in Germany may have a huge majority in the Bundestag, but there are already disagreements over the extent of national powers in the functioning of the eurozone banking union.
Advanced economies such as the US and the eurozone enjoy enormous privilege as issuers of international currencies, says Taiwan’s central bank governor. This power needs to be tempered with a responsibility to promote economic stability on a global scale.
Even if the Ukrainian government rides out popular protests against its decision to turn away from the EU, the sovereign and state gas company debt repayments due in 2014 will challenge its financial position.
A new generation of sovereign wealth funds – from resource-rich economies in Africa and Latin America – has emerged over the past few years. While these new funds are still relatively small, their impact could be sizable if they enable their source countries to secure stable economic growth and mitigate future risks associated with the booms and busts of the commodity cycle.
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