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looking beyond borders

foreign policy and global economy

Archive for the category “Global Economy”

How The Next Downturn Will Surprise Us

Over the past decade, the world’s largest central banks — in the United States, Europe, China and Japan — have expanded their balance sheets from less than $5 trillion to more than $17 trillion in an effort to promote the recovery. Much of that newly printed money has found its way into the financial markets, where it often follows the path of least regulation.

Read Here – The New York Times

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Trump To Slap Tariffs On $200B More Chinese Goods

President Donald Trump announced that the United States will impose a 10 percent duty on an additional $200 billion of Chinese imports as of next week, quickly escalating a trade war that has hit broad swaths of the global economy.

Read Here – Politico

Also ReadU.S. China Trade War: Analysis of Latest Developments

Is The U.S. Using Sanctions Too Aggressively?

The United States’ use of sanctions has exploded over the past decade. An analysis by the law firm Gibson Dunn found that President Donald Trump’s administration added nearly 1,000 people, companies, and entities to U.S. sanctions lists during 2017, nearly 30 percent more than the number added during former President Barack Obama’s last year in office.

Read Here – Foreign Affairs

How the Tariff War Could Turn Into The Next Lehman

Ten years ago this week, Lehman Brothers filed for bankruptcy, and the world suddenly changed. That date, Sept. 15, 2008, was hardly the starting point of the Depression-sized financial crisis that would soon threaten to sink the entire world economy; it had begun more than a year earlier. But most scholars agree Lehman’s failure marked the moment when everyone realized at once that the so-called experts had no idea how deep the interconnections ran.

Read Here – Foreign Policy

Forget Yuan Devaluation, What If Donald Trump Weaponises The US Dollar?

Economic fundamentals have been kind to dollar bulls since early spring, but there is no guarantee of the rally’s life expectancy, especially if “crazy town” politics gain ground in Washington. Beijing had better be prepared to ride the coming storm as it might provide a valuable opportunity.

Read Here – South China Morning Post

‘Made in China 2025’: Is Beijing’s Plan For Hi-Tech Dominance As Big A Threat As The West Thinks It Is?

For China, the original idea behind MIC2025 was simply to catch up with other countries, a tall order even by its own admission. Look no further than the new-generation information technology sector, one of the plan’s 10 target industries. After more than two decades and billions of dollars spent, China has yet to commercialise a home-grown operating system for computers, or a microchip, not to mention breaking into the global computing market that Microsoft and Intel dominate.

Read Here – South China Morning Post

The Global Economy Ten Years After

Photo by Marc-Olivier Jodoin on Unsplash

In the decade since the collapse of Lehman Brothers and the start of the global financial crisis, the world economy has registered stronger growth than many realize, owing in large part to China. But in the years ahead, global economic imbalances and troubling trends in the business world will continue to pose economic as well as political risks.

Read Here – Project Syndicate

China Trade Outlook Darkens As Donald Trump Threatens Total Tariffs

China’s chances of escaping the trade conflict with the US with only minor damage to its economy just got slimmer. On Friday, US President Donald Trump doubled down on his threats to impose higher tariffs on the nation’s goods, saying he’s ready to tax all imports “at short notice”.

Read Here – South China Morning Post

What Lehman Brothers’ Failure Means Today

Photo by José Martín Ramírez C on Unsplash

The standard story about the September 2008 collapse of Lehman Brothers is that it led to a deeper understanding of the risks of financial complexity and free-wheeling capitalism. In fact, the ensuing crises in the US, Europe, and elsewhere were more a product of broader changes in twenty-first-century politics and society.

Read Here – Project Syndicate

Also Read: The Forgotten History of the Financial Crisis

Trump To Back $200 Billion China Tariffs As Early As Next Week

President Donald Trump wants to move ahead with a plan to impose tariffs on $200 billion in Chinese imports as soon as a public-comment period concludes next week, according to six people familiar with the matter.

Read Here – Bloomberg

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