If the U.S.-China trade war develops into a broader cold war, as some observers fear, it will be nothing like the actual Cold War. Between civil war in Russia after World War I, the Great Depression in the United States and then the cataclysm of World War II, America and the Soviet Union never had […]
The decoupling of investment is already clear. Last year, Chinese acquisitions of American companies plunged 95 per cent from its peak in 2017 after the US Congress gave the Committee on Foreign Investment in the US authority to broaden the scope of its reviews of Chinese acquisitions on national security grounds. Read Here – South […]
Policymakers need to ask what Wall Street’s mighty money machine exists for in the first place. Should the financial business exist primarily as an end in itself, or should it be, as in the original meaning of “finance,” a means to an end? …When finance becomes an end in itself, the public is liable to […]
Trump is wrong about a lot of things when it comes to trade, including that the trade arrangements to which the United States is a party reflect poor negotiating skills. To the contrary, they overwhelmingly reflect U.S. negotiating preferences. But Trump does have a point that some of the negotiators’ priorities don’t reflect those of […]
Beyond the US, the fragility of growth in debt-ridden China and some other emerging markets remains a concern, as do economic, policy, financial and political risks in Europe. Worse, across the advanced economies, the policy toolbox for responding to a crisis remains limited. The monetary and fiscal interventions and private-sector backstops used after the 2008 […]
In the restaurants and coffee shops at the heart of southern China’s hi-tech powerhouse the main topics of conversation have shifted from industry gossip such as IPOs, mergers and innovations to the trade war with the US and Washington’s campaign against Huawei. Read Here – South China Morning Post Also Read – China Mobilises Diplomats […]
Mainstream economics has largely failed to keep up with the rapid pace of digital transformation, and it is struggling to find practical ways to address the growing power of dominant tech companies. If economists want to remain relevant, they must rethink some of their discipline’s basic assumptions. Read Here – Project Syndicate
There is a dirty little secret in economics today: the United States has benefited – and continues to benefit – from the global slump. The US economy is humming along, even while protesters in the United Kingdom hurl milkshakes at Brexiteers, French President Emmanuel Macron confronts nihilist yellow-vested marchers, and Chinese tech firms such as Huawei fear being frozen out […]
Oil is in the crosshairs as the prospect of confrontation brews between the U.S. and Iran. At least, that’s how Iranian officials would have it. A top military aide to Iran’s supreme leader Ayatollah Ali Khamenei, Yahya Rahim Safavi, warned over the weekend that “The first bullet fired in the Persian Gulf will push oil […]
In November 1999, the United States and China signed a trade pact that paved the way to China’s entry into the World Trade Organization. To secure U.S. support for its WTO accession, China agreed to open its markets and cut tariffs an average of 23 percent. Some twenty years later today, the United States and […]
looking beyond borders 