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looking beyond borders

foreign policy and global economy

Archive for the category “Global Economy”

The Geopolitics Of London: Or, How England Joined The World

Photo by Luca Micheli on Unsplash

Were London a city-state, it would have the 20th-largest national economy in the world – larger than the national economies of Saudi Arabia, Argentina and South Africa. Were London a city-state, its national per capita gross domestic product would be greater than that of the United States. Were London a city-state, it would be the 15th most populous country in Europe, with an overall population bigger than that of Austria or Denmark and bigger than the combined populations of Scotland and Northern Ireland.

Read Here – Geopolitical Futures

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How Artificial Intelligence Will Reshape The Global Order

By allowing governments to monitor, understand, and control their citizens far more closely than ever before, AI will offer authoritarian countries a plausible alternative to liberal democracy, the first since the end of the Cold War. That will spark renewed international competition between social systems.

Read Here – Foreign Affairs

Also Read: Liberal World

Trade, Technology, And Xi Jinping’s Question

The modern economy depends on bilateral trade deficits; it would collapse without them. In an age of advanced technologies and accelerating specialisation, attempting to manufacture everything domestically or bilaterally would be prohibitively costly.

Read Here – Project Syndicate

China Hits Retaliation Button, Launching Tariffs As Trade War With US Starts

Photo by chuttersnap on Unsplash

After three rounds of failed talks, a trade war between the world’s two largest economies is on. On Friday, China’s Foreign Ministry spokesman said China had imposed countermeasures after America’s tariffs came into force. Lu Kang, said China’s tit-for-tat measures “had taken effect immediately after the implementation of the US tariffs”. Lu was speaking after Washington’s 25 per cent duties on US$34 billion worth of Chinese goods came into force earlier in the day.

Read Here – South China Morning Post

Risks To Global Growth Rise As Trade Tensions Escalate

Increased trade tensions have raised the risk that new measures may be taken that would have a much greater impact on global economic growth than those enacted so far. The US investigation into auto tariffs, possible additional US tariffs on Chinese imports, and the likely reactions of other countries and blocs, point to a potential serious escalation, albeit with an impact that falls short of across-the-board tariffs imposed on all major trade flows.

Read Here – Fitch Ratings

U.S. Deficits Are Hurting Emerging Markets

Thanks to the dollar’s outsize global role, the first casualties of a somewhat irresponsible U.S. fiscal policy are likely to be emerging economies that have used the dollar to denominate their debts, not the United States itself. A stronger dollar and rising U.S. interest rates are increasing the burden of paying all dollar-denominated debts around the world.

Read Here – Foreign Affairs

Trump’s Trade War With China Is Finally Here — And It Won’t Be Pretty

Some said the day would never come, that it was all a bluff. But as the Independence Day fireworks cool in Washington, the eve of the trade war has arrived in China’s capital, where government leaders keep reminding people: We did not start this, but we will fight back.

Read Here – The Washington Post

Trump’s China Tariffs Met With Retaliation Vow From Beijing

The Trump administration moved the U.S. to the edge of a trade war with China by announcing tariffs on $50 billion in Chinese imports and pledging additional investment restrictions, which Beijing immediately vowed to retaliate against. The response from China signaled a rapid escalation of the dispute. China will impose tariffs with “equal scale, equal intensity” on imports from the U.S. and all of the country’s earlier trade commitments are now off the table, the Commerce Ministry said.

Read Here – Bloomberg

Also Read: Trump’s Statement On Trade With China

America’s Allies Should Stand Up To Its Reckless Trade Policy

Mr Trump’s goals go far beyond tariffs on a few metals. He seeks trade terms that will force supply chains to move to America, damn the economic consequences. For example, the administration wants the North American Free-Trade Agreement (NAFTA) to expire automatically after five years, robbing firms of the certainty they need to invest in Mexico. To roll over on tariffs today would invite further, more damaging assaults tomorrow.

Read Here – The Economist

After Trump’s G-7 Summit Fiasco, Be Afraid

The president, unmoved by history, ignorant of facts and guided by sycophants, has not been forced to grapple with the real world nor to hear views that don’t coincide with his twisted worldview, in which allies are ripping us off and aggressive strongmen are to be admired and accommodated.

Read Here – Washington Post

Also Read: An open letter on trade: The facts speak for themselves

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