Emerging & Frontier Markets Intelligence 2013.01.28

An Introduction to the Frontier Markets of “The New Silk Way” Part 1 — Paul Henderson at Emerging Market Insider

Jon Springer interviews the IFC’s Ralph Keitel on Emerging and Frontier Markets investing — Seeking Alpha

The urban populations of emerging economies are expected to double between 2000 and 2030, from 2 billion to 4 billion people. Megacities, such as Tokyo, Mexico City and Sao Paulo are already home to 30 million people or more. — World Bank

Daily volume of black market trading in US dollars estimated at $25-40 million — WSJ. To put that in perspective, the amount of US dollar trading officially authorized by the Argentine government is US$5 million — FT

Bank probes find manipulation in Singapore’s offshore FX market — Reuters

Ecopetrol market cap overtakes Petrobras…again — FT

IFC to Issue $50 Million Local-Currency Bond in Nigeria — IFC Press Release

A primer on the past 100 years of Argentina’s economic history — Foreign Policy

17% of attendees at Davos last week were female, and this is apparently an improvement — ASCOA

“The skills you build on Wall Street don’t correlate to a start-up.” — NYT Dealbook

10 innovative African health care startups — Venture Capital for Africa

UBS likes the US dollar for 2013 — FT

The UAE as a potential MENA hub for offshore renminbi trade — Khaleej Times

“Obviously I am not the first person to complain about the opacity of Chinese economic data and the difficulties we often have in reconciling one set of numbers with another, but I think it is important to note that while opacity may not be a terrible problem during the optimistic up-cycle (in fact hazy data give us more leeway to daydream pleasant things), it can suddenly become a huge problem during the pessimistic down-cycle, when they don’t even constrain our nightmares. What is worse, an increase in opacity, which we are clearly seeing in the financial system, is usually a herald of bad tidings. When the economy starts to get bad, often the first impulse for many is to massage or hide the data.” — Michael Pettis

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