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looking beyond borders

foreign policy and global economy

Archive for the tag “jobs”

Why The U.S. Economy Is Having A Boom

Why is this boom happening? That’s an almost impossible question to answer. Fundamentally, economists don’t know why booms happen. It’s possible that there’s not even such a thing as a “boom” at all — that this is just how the economy works under normal circumstances, when there isn’t a recession or crisis to throw it off its game.

Read Here – Bloomberg

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Is Japan Becoming A Country Of Immigration?

As the only advanced industrial democracy that has closed its borders to unskilled migrant labor since the end of World War II, Japan has long been viewed as hostile to immigration. Although the number of foreign nationals in Japan has grown at a rapid pace in recent years—from 850,000 in 1985 to almost 2.6 million in 2017—foreign residents still make up less than two percent of the total population, compared with between eight and 25 percent in western European countries.

Read Here – Foreign Affairs

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

President Trump’s First Year, In 14 Metrics

Like any president, Trump is taking credit for good economic news. He’s highlighted rising stocks and falling unemployment. But Trump also, famously, regards trade deficits as a sign of economic weakness. And for people who worry about the fact that the U.S. buys more stuff from other countries than it sells them, the news has not been so good.

Read Here – Bloomberg

What The Iran Protests Were Not

Recent protests in numerous Iranian cities and towns caught the world by surprise, and embarrassed Iran’s government and ruling political establishment. But the expectation that the protests would escalate into a popular uprising and unravel the Islamic Republic did not come to pass. Iran’s rulers could take heart from that, but they cannot avoid the broader debates about the future of the Iranian economy and politics that the protests have set in motion.

Read Here – The Atlantic

A Spending Spree As A Means Of Fulfilling The Saudi Vision

Saudi Arabia laid out the biggest spending plan in the kingdom’s history in absolute terms when the government published its 2018 budget in late December. After two years of austerity measures and budget deficits following the oil price dive in 2014, the sizeable amount of slated expenditures for this year could seem counterintuitive.

Read Here – Stratfor

As Good As It Gets

For the first time since 2010, the world economy is outperforming most predictions, and we expect this strength to continue. Our global GDP forecast for 2018 is 4.0%, up from 3.7% in 2017 and meaningfully above consensus. The strength in global growth is broad-based across most advanced and emerging economies, says a Goldman Sachs report on the global economy.

Read Here – Global Economic Analyst/Goldman Sachs

Broad Support For Representative And Direct Democracy Globally, But Many Also Endorse Non-Democratic Alternatives

A 38-nation Pew Research Center survey finds there are reasons for calm as well as concern when it comes to democracy’s future. More than half in each of the nations polled consider representative democracy a very or somewhat good way to govern their country. Yet, in all countries, pro-democracy attitudes coexist, to varying degrees, with openness to nondemocratic forms of governance, including rule by experts, a strong leader or the military.

Read Here – Pew Research

America’s Government Is Getting Old

The U.S. just elected the oldest new president in history, and Congress, too, has been getting consistently older, with its average age now up around 60. But the vast majority of the government consists of the 2 million-strong federal civilian workforce. And thanks to slow-moving hiring practices and a huge cohort of baby boomers who haven’t retired at the predicted rates, it has grown significantly older than the American workforce overall. Today, just 17 percent of federal workers are under 35 years old. (In the private sector, almost 40 percent are.) And more than a quarter of federal employees are now older than 55.

Read Here – Politico

Could It All Be Made In China By 2025?

Take more than 500 types of industrial product and China ranks first for 220 of them, globally. Yet Beijing isn’t satisfied with just being the world’s factory for cheap goods. More than a third of the country’s 800-million workforce produce biblical amounts of stuff, generating $3 trillion annually, but China’s position is slipping. It’s political and economic leaders know the country can’t rest on its laurels for long. There are more than a few rivals nipping at its heels, but it has a plan.

Read Here – Raconteur

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