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looking beyond borders

foreign policy and global economy

Archive for the category “Global Economy”

The Trade War Is Not Only About Trade

While it is tempting to frame this trade conflict in the context of America becoming tiresome of the treatment of its businesses, this does not capture the true nature of the dispute or its entrenchment and longevity. This is a “restarting of history”—a return of economic and governance ideologies battling for supremacy.

Read Here – The National Interest

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How Inflation Could Return

After years of low inflation, investors and policymakers have settled into a cyclical mindset that assumes advanced economies are simply suffering from insufficient aggregate demand. But they are ignoring structural factors at their peril.

Read Here – Project Syndicate

The Global Consequences Of A Sino-American Cold War

What started as a trade war between the United States and China is quickly escalating into a death match for global economic, technological, and military dominance. If the two countries’ leaders cannot manage the defining relationship of the twenty-first century responsibly, the entire world will bear the costs of their failure.

Read Here – Project Syndicate

Huawei Ban Means the End Of Global Tech

The news this week that the U.S. government blacklisted China’s telecommunications giant Huawei from its suppliers was received rather viscerally. It’s “the most insane decision,” the CEO of Huawei’s chipmaking subsidiary HiSilicon said in a memo that went viral on Chinese social media. In its own response, Huawei couldn’t help but scornfully add the words “so-called,” a familiar tic of Chinese state media, before mentioning the dreaded Entity List, the U.S. government blacklist where it now finds itself lumped in with international arms traffickers and Russian oligarchs.

Read Here – Foreign Policy

The Spoils Of Trade War: Asia’s Winners And Losers In US-China Clash

Asia’s low-cost manufacturing hubs will continue benefiting as firms seek to move their production or supply chains out of China amid rising business costs, despite the likely continuation of a region-wide decline in exports. But for Singapore, Hong Kong, Taiwan and South Korea – once known as the “Asian Tigers” for their high-growth economies – the outlook is gloomy as shipping volumes are expected to fall and uncertainty leaves companies’ plans for growth in limbo.

Read Here – South China Morning Post

Also Read: US-China Trade War: Here Are Beijing’s Options – And Not One Looks Any Good

What Killed US-China Trade Talks: A Tale Of Two Texts

The trade talks between China and the United States collapsed because Beijing removed details outlining the obligations it was required to meet as part of reaching a deal to end the trade war, according to a former senior US official.

Read Here – South China Morning Post

Also Read: Trump orders national emergency on information security; Commerce Department follows with Huawei restrictions

 

Beyond The China-US Trade War: What Next For The World’s Two Giants?

The wide differences and deep distrust between the two powers has been highlighted again with the latest abrupt turn in the bilateral trade negotiations. With or without a trade deal, the turbulence in economic ties, widely viewed as the ballast of China-US relations, heralds more choppy waters ahead.

Read Here – South China Morning Post

This Is The Wrong Way To Deal With China

U.S. President Donald Trump has good reason to be skeptical about China’s willingness to live up to its commitments in any trade deal. Seasoned foreign business executives on the mainland know that any agreement there represents the start of a bargaining process, not the end. Nor is it uncommon for Chinese officials to unpick terms at the last moment, just as they seem to have done ahead of talks this week in Washington, D.C.

Read Here – Bloomberg

Stories That Can’t End Well

After almost a century in which economic policymaking was the preserve of technocrats and social scientists, scholars from narrative-based disciplines have begun to feature prominently in policy debates. But by using partial knowledge to advance specific policy prescriptions, they have become even more dangerous than economists.

Read Here – Project Syndicate

The U.S.-China Trade Talks Have Already Changed The World

Failure of the China talks would prove no one can do it, because China is fundamentally at odds with the U.S. That shift would set up a new dynamic with China: a relationship in which the hawks feel unbound to do what they deem necessary to protect the United States.

Read Here – The Atlantic

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