World Perspectives

Dollar Strength; Serious Africa Development; Warsaw-Brussels Fight

Dollar Strength U.S. Treasury Secretary Steve Mnuchin stirred the currency market last week by initially saying at Davos that a weaker U.S. dollar would be good for U.S. exports (which is true), but he then subsequently asserted that a strong U.S. dollar is in the country’s long-term interest. A survey of 42 leading economists by the University of Chicago’s Initiative on Global Markets concurred on Mr. Mnuchin’s latter point, although several respondents cautioned that the benefits are not “substantial.” One even said the benefit is probably small with seigniorage probably contributing just 0.1 percent to gross domestic product (GDP). Another economist mentioned the adverse impact of a strong U.S. dollar on e...

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Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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