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Artwork for Beating Sisyphus: How Emerging Markets Overcome the Impossible

Beating Sisyphus: How Emerging Markets Overcome the Impossible

Cañizares Center for Emerging Markets
Emerging Markets
China
Argentina
Artificial Intelligence
India
Central Bank Digital Currencies
Fiscal Theory Of the Price Level
Cryptocurrencies
Inflation In Fragile Economies
United States Dollar
Currency Float Vs. Peg
Corruption
Institutions
De-Dollarization
Poverty
Populism
Global Equities and Bonds
China Real Estate
DEG (deutsche Investitions- Und Entwicklungsgesellschaft)
BRICS

Emerging markets and developing economies are rewriting the rules of global growth. Beating Sisyphus goes deep with economists, entrepreneurs, investors, policymakers, and reformers across Africa, Latin America, South Asia, and the Global South. We hold long-form conversations uncovering the strategies, mindsets, and systems behind lasting change in frontier markets. For investors, students, and p... more

PublishesTwice monthlyEpisodes24Founded10 months ago
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Artwork for Beating Sisyphus: How Emerging Markets Overcome the Impossible

Latest Episodes

How can development banks expand access to credit without creating excessive risk? And what role can development finance play in tackling some of Nigeria’s biggest economic challenges?In this episode of Beating Sisyphus, we speak with Prof. Joseph Nn... more

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Why do orthodox monetary policies often fall short in developing economies? In this episode of Beating Sisyphus, co-hosts Thomas Riveros and Lourdes Casanova (Director of the Cañizares Center for Emerging Markets) sit down with Dr. Chukwuka Onyekwena... more

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In this episode of Beating Sisyphus, hosts Thomas Riveros, Lourdes Casanova, and Daniel Kim unpack the Cañizares Center’s latest report: Southeast Asia’s AI Moment.Joining the conversation are Johnson Chen (Partner) and Ryan Perky (Co-founder & CMO) ... more

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What separates average managers from resilient global leaders when operating in unpredictable, volatile economic landscapes? In this episode of Beating Sisyphus, we explore how innovation under pressure is more than just a corporate buzzword—it’s an ... more

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In this episode of Beating Sisyphus, hosts Anastasiia Ryshytiuk, Lourdes Casanova, and Konrad Hartung sit down with Roland Siller, CEO of DEG (Deutsche Investitions- und Entwicklungsgesellschaft), one of Europe’s leading development finance instituti... more

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Former President of Costa Rica, Laura Chinchilla, sits down with Konrad Hartung, Thomas Riveros, and Professor Lourdes Casanova from the EMC2 to discuss the defining choices that shaped Costa Rica’s unique development model. From her early days backp... more

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In 2001, he coined the term "BRIC" to predict the massive economic shift toward Brazil, Russia, India, and China. 25 years later, Lord Jim O'Neill sits down with Thomas Riveros and Lourdes Casanova to grade his predictions and explore what's next for... more

Has the global economy entered a destructive feedback loop? In this episode of Beating Sisyphus, we sit down with Eswar Prasad, Tolani Senior Professor of International Trade Policy at @Cornell and Senior Fellow at the @BrookingsInstitution .We di... more

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Recent Guests

Joseph Nnanna
Professor and Chief Economist at the Development Bank of Nigeria
Development Bank of Nigeria (DBN)
Episode: How Development Finance Can Unlock Nigeria’s Growth | Prof. Joseph Nnanna
Chukwuka Onyekwena
Executive director at the Center for the Study of Economies of Africa
Center for the Study of Economies of Africa
Episode: Africa's Growth Paradox, Inflation Shocks, and Currency Floating | Dr. Chukwuka Onyekwena
Johnson Chen
Partner at Voyager AI
Voyager AI
Episode: Applying Artificial Intelligence in Southeast Asia
Ryan Perky
Co-founder and CMO of Voyager AI
Voyager AI
Episode: Applying Artificial Intelligence in Southeast Asia
Roberto Cañizares
Colombian-born executive, former senior vice president at Trane and president of MSA Safety; founder/mentor at the Cañizares Center and EMC Squared
Cañizares Center / EMC Squared
Episode: "Managerial MacGyverism" and Riding the Bronco of Emerging Markets
Roland Siller
CEO of DEG, Deutsche Investitions- und Entwicklungsgesellschaft
DEG, BEHAB
Episode: From Aid to Investment: Roland Siller on the Future of Development Finance
Laura Chinchilla
Former President of Costa Rica (2010-2014)
Club de Madrid; Inter-American Dialogue; IOC; Cornell Nixon Distinguished Policy Fellow
Episode: Why Venezuela Collapsed & Costa Rica Thrived | Laura Chinchilla (Former President of Costa Rica)
Jim O'Neill
Lord, former Chief Economist at Goldman Sachs; coined BRIC
Goldman Sachs (former); BRICS advocate
Episode: Will the US Dollar Survive? Lord Jim O'Neill on BRICS and the Global Economy
Eswar Prasad
Tolani Senior Professor of International Trade Policy at Cornell; Senior Fellow at Brookings
Cornell University; Brookings Institution
Episode: The Global Economy's "Doom Loop": Eswar Prasad on Dollar Dominance & Globalization

Talking Points

Recent interactions between the hosts and their guests.

How Development Finance Can Unlock Nigeria’s Growth | Prof. Joseph Nnanna
Q: How does DBN address moral hazard in its guarantees and ensure prudent lending?
DBN uses a combination of wholly owned guarantee mechanisms and project-specific guarantees, with joint due diligence by the PFIs and the subsidiary company to ensure borrower viability and proper collateral structures, thereby reducing moral hazard and default risk.
How Development Finance Can Unlock Nigeria’s Growth | Prof. Joseph Nnanna
Q: How does the Development Bank of Nigeria operate to address these constraints?
DBN acts as a catalyst by providing wholesale funding to eligible financial institutions, which then on-lend to MSMEs; it uses risk-sharing instruments, capacity building, and evidence-based monitoring to ensure funds reach underserved segments and actually drive growth.
How Development Finance Can Unlock Nigeria’s Growth | Prof. Joseph Nnanna
Q: What do credit constraints imply and why do they matter for developing nations?
Credit constraints prevent viable firms from obtaining financing on terms appropriate to their realities, due to information asymmetry, weak collateral, limited credit histories, high transaction costs, and macro volatility, which suppresses investment, employment, and growth in economies like Nigeria.
Applying Artificial Intelligence in Southeast Asia
Q: What is the key idea countries should pursue when approaching AI in Southeast Asia?
The main emphasis is implementation over development—leveraging existing frontier models where appropriate, translating them into tangible workflow improvements, and integrating them into enterprise systems with proper privacy, governance, and data handling in place.
"Managerial MacGyverism" and Riding the Bronco of Emerging Markets
Q: How do resourcefulness and integrity shape management practices in resource-constrained environments?
Resourcefulness emerges from constraints, while integrity ensures trust and sustainability; together they enable leaders to innovate responsibly and sustain growth even when resources are scarce.

Audience Metrics

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Frequently Asked Questions About This Podcast

What is This Podcast about and what kind of topics does it cover?

Beating Sisyphus focuses on the strategies, mindsets, and systems behind growth in frontier economies. Across episodes, conversations center on emerging markets' development finance, governance, policy reform, technology adoption, and the unique challenges of scaling in Africa, Latin America, and South Asia. Long-form interviews with economists, policymakers, investors, and corporate leaders reveal pragmatic insights on capital, institutions, and impact—ranging from development finance and currency dynamics to AI-enabled healthcare and housing policy. A standout trait is the mix of rigorous analysis with real-world case studies and personal narratives, offering listeners practical takeaways for investors, entrepreneurs, and policymakers see... more

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Recent guests on this podcast include:

1. Joseph Nnanna
2. Chukwuka Onyekwena
3. Johnson Chen
4. Ryan Perky
5. Roberto Cañizares
6. Roland Siller
7. Laura Chinchilla
8. Jim O'Neill

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