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foreign policy and global economy

Archive for the category “Global Economy”

Addressing the Dark Side Of The Crypto World

Whether Bitcoin’s value goes up or Bitcoin’s value goes down, people around the world are asking the same question: What exactly is the potential of crypto-assets? The technology behind these assets—including blockchain—is an exciting advancement that could help revolutionize fields beyond finance. It could, for example, power financial inclusion by providing new, low-cost payment methods to those who lack bank accounts and in the process empower millions in low-income countries. The possible benefits have even led some central banks to consider the idea of issuing central bank digital currencies. Before we get there, however, we should take a step back and understand the peril that comes along with the promise.

Read Here – International Monetary Fund


The Politics Of Trade Wars

One inconvenient feature of the global trading system is that efforts to protect the jobs of voting workers in one country risk affecting jobs, and perhaps votes, in another. Thus President Donald Trump’s proposed tariffs on imported aluminium and steel, offered with the rationale that American metalworkers had been losing jobs to foreign competition, alarmed Europe—the continent has its own metalworkers to worry about, whose jobs to some extent depend on access to markets like America’s.

Read Here – The Atlantic

A Trade War On The Poor

Last week, President Donald Trump’s announcement that he would be slapping steep tariffs on imported steel and aluminium set off fears of a global trade war. But in reality, the international trading system has been unraveling for some time. After taking a quick glance at the World Trade Organization today, one might be excused for believing that it is a dead man walking.

Read Here – Foreign Affairs

Is America Getting Ready To Rejoin The TPP?

The United States has thrown a spanner into the works of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the successor multilateral trade agreement to the once US-backed TPP. The liberalising pact is expected to be formally signed this week without America.

Read Here – The National Interest

Emerging Asia Risks Never Growing Rich

This should be a moment of grand optimism for Asia. The world economy is enjoying its fastest expansion in a decade. Forecasts show growth in developing nations accelerating especially quickly. Yet even putting this week’s global stock market wobble to one side, such bullish projections do not tell the whole story.

Read Here – Nikkei Asian Review

Here Is The International Economic Policy Trump Wants

As so often with the Trump administration, it’s easy to get bogged down in the contradictory, unusual or flat-out salacious headlines. Solar panels! Washington machines! Den of the globalizers! No female CEOs! But Trump’s first trade week of 2018, which began with the imposition of retaliatory tariffs and ended with him giving a speech in Davos, did yield the outline of an international economic policy. It has two elements which have appeared consistently across Administration policy actions, even as they may seem to be in tension with each other. One is don’t spook the [Wall Street] horses; the other, pivot away from multilateral economic governance.

Read Here – The National Interest

What A US-China Trade War Would Look Like

What’s clear is that almost overnight the US has transformed from a pre-eminent advocate of free trade into a protectionist villain in the eyes of both friends and foes. The bigger threat, however, is trade war turning into hot war, as the nationalist fervour extinguishes the fruits of globalisation.

Read Here – Al Jazeera

Here’s How To Beat Fake Data About The Chinese Economy

Falsifying or padding out data has been refined to an art form among China’s local bureaucrats, since good economic growth figures not only look and feel good but are benchmarks for their career advancement.This has given rise to a popular saying that “data makes an official and an official makes data”.

Read Here – South China Morning Post

A Year After Trump, Davos Elite Fear Cyberattacks And War

The threat of large-scale cyberattacks and a “deteriorating geopolitical landscape” since the election of U.S. President Donald Trump have jumped to the top of the global elite’s list of concerns, the World Economic Forum said ahead of its annual meeting in Davos, Switzerland.

Read Here – Bloomberg

Nations Are Wielding Their Sovereign Wealth Funds As Tools of Power

According to the Sovereign Wealth Fund Institute, the funds of Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait have a combined $2.8 trillion in assets under management. These governments are using their national wealth as a strategic tool of power projection as never before and blurring the line between economic and political decision-making.

Read Here – Foreign Policy

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