Everyday the blogosphere offers an enormous amount of in-depth analysis on any imaginable topic. The world of macroeconomics and economic forecasting is no exception. To keep themselves updated on the latest information, our in-house team of economists scan the world wide web and gather what they consider the most interesting, appealing, informative or just curious blog posts from experts in the field of global economics. Here’s the list of the Top 4 posts from this week. Check it out!

  1. Curious Cat –  John Hunter : ‘Iskandar Malaysia Economic Development Zone

    Iskandar Malaysia, which was established in 2006, is the main southern development zone in the country. Because of its strategic location in the Malaysia-Singapore border, Iskandar Malaysia expects to attract a great deal of investment and become a regional economic hub. Despite Iskandar Malaysia’s bright economic perspectives, John Hunter warns that there are potential risks—such as the vast oversupply of luxury housing—which may dampen its success. In addition, John Hunter lists what he considers the top priorities for the region: reducing speculation on luxury housing, reducing government and consumer debt levels, increasing high paying jobs and jobs overall, rising the tax base, improving transport conditions (particularly to Singapore). – Ricard Torné

  2. New Eastern Europe – Adam Klus: ‘Kiev’s multi-dimensional challenge’

     This post provides an interesting description of the situation that the interim authorities in Kiev are facing. Adam Klus presents the situation in Ukraine as politically stuck, given the huge differences between the Ukrainian army’s capacity. Particularly, Klus argues that Ukraine can’t face the internal clashes between its army and the pro-Russian groups at the same time that it ensures its presence in the eastern border. The post is helpful to picture future posible scenarios, and includes valuable insights on the economic costs of the political crisis to Ukraine. Enrique Jorge

  3. Worthwhile Canadian Initiative – Aloysius Siow : ‘Gary Becker: The Father of Economics Imperialism’

    Aloysius Siow, economics professor at the University of Toronto, looks back on the life of his former professor and Nobel laureate Gary Becker, who died at the age of 83 on May 3. Siouw explains that Becker’s doctoral dissertaion was the, “first systematic study of a non-traditional economic topic using economics.” Becker would proceed to apply the tools of economic analysis to a variety of different social issues during his career, including discrimination, marriage, and human capital. Becker’s analysis of topics outside the typical economics sphere was initially ingored by others, and although widely adopted in the profession today, the approach still stirs controversy among social scientists. Most of all, there are mixed feelings about Becker’s assumption that people always make rational choices and concerns about the imposition of this idea on social research.  – Carl Kelly

  4. Mainly Macro – Simon Wren-Lewis: ‘Central Bank advice on austerity

    Simon Wren-Lewis comments on the different Central Banks’ positions regarding austerity and quantitative easing (QE) as alternative approach to avoid a funding crisis when interest rates are already close to zero. Particularly, he provides details on the Bank of England. He argues that QE represents a sound approach as a potential depreciation and eventual inflationary pressures are associated with a far lower risk than the self-renforcing dynamic of feears of a default and rising borrowing costs. Furthermore, he argues that Central Banks should discuss more transparently the possibility of applying QE and its implications instead of imposing austerity measures. – Teresa Kersting

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