Economics & Global Affairs

15 Items

Dutch lawmaker Geert Wilders talks to reporters as he arrives at at Quicken Loans Arena before the start of the second day session of the Republican National Convention in Cleveland, Tuesday, July 19, 2016.

(AP Photo/Carolyn Kaster)

Analysis & Opinions - Project Syndicate

Putting the Populist Revolt in Its Place

| October 6, 2016

In many Western democracies, this is a year of revolt against elites. The success of the Brexit campaign in Britain, Donald Trump’s unexpected capture of the Republican Party in the United States, and populist parties’ success in Germany and elsewhere strike many as heralding the end of an era. As Financial Times columnist Philip Stephens put it, “the present global order – the liberal rules-based system established in 1945 and expanded after the end of the Cold War – is under unprecedented strain. Globalization is in retreat.”

In fact, it may be premature to draw such broad conclusions.

Some economists attribute the current surge of populism to the “hyper-globalization” of the 1990s, with liberalization of international financial flows and the creation of the World Trade Organization – and particularly China’s WTO accession in 2001 – receiving the most attention. According to one study, Chinese imports eliminated nearly one million US manufacturing jobs from 1999 to 2011; including suppliers and related industries brings the losses to 2.4 million.

Jens Stoltenberg speaks to students at the Harvard Kennedy School.

Bennett Craig

Speech

The Three Ages of NATO: An Evolving Alliance

| Sep. 23, 2016

Jens Stoltenberg,NATO Secretary General, discussed the future of the NATO alliance during this speech, given at the Harvard Kennedy School on September 23, 2016. He described the alliance as a responsive organization, capable of adapting to changes in the international security landscape but committed to the continuity of its founding values. In particular, he emphasized the necessity of maintaining a policy of absolute solidarity among member states, especially  in light of the exacerbating civil war in Syria and Russia’s aggressive stance toward countries to the East of NATO member state borders.

Blog Post - Views on the Economy and the World

Fiscal Education for the G-7

| May 26, 2016
As the G-7 Leaders gather in Ise-Shima, Japan, on May 26-27, the still fragile global economy is on their minds.  They would like a road map to address stagnant growth. Their approach should be to talk less about currency wars and more about fiscal policy.Fiscal policy vs. monetary policyUnder the conditions that have prevailed in most major countries over the last ten years, we have reason to think that fiscal policy is a more powerful tool for affecting the level of economic activity, as compared to monetary policy.

Analysis & Opinions - Africa Times

Will China's Naval Base Cause Friction with the US?

| January 3, 2016

"Beijing's intentions are thoroughly aquatic: it is interested in power projection across water, not land. The facility in Djibouti is likely to be the first such instalment around the Indian Ocean from which Beijing can in the future protect the maritime trade routes which are so crucial to its economy. The fact that Djibouti is located at the crucial choke point through which vessels traversing the Suez Canal must pass only enhances its attractiveness as a base location."

Blog Post - Views on the Economy and the World

A Pre-Lima Scorecard for Evaluating Who is Doing their Fair Share in Pledged Carbon Cuts

| Nov. 19, 2014
Those worried about the future of the earth’s climate are hoping that this year’s climate change convention in Lima, Peru, December 2014, will yield progress toward specific national commitments, looking ahead to an international agreement at the make-or-break Paris meeting to take place in December 2015.The precedent of the Kyoto Protocol negotiated in 1997 is more discouraging than encouraging. It was an encouraging precedent in that countries were politically able to agree on legally binding quantitative limits to their emissions of Greenhouse Gases, to be achieved with the aid of international trading and other market mechanisms.

Medical personnel from the U.S. Centers for Disease Control and Prevention work at their laboratory in Entebbe, outside of Kampala, Aug. 2, 2012. The CDC team leader in Uganda says the Ebola virus outbreak is now under control.

AP Photo

Analysis & Opinions - The Boston Globe

Ebola Outbreak is Quelled — This Time

| August 9, 2012

"Global public health efforts tend to be be focused on reproductive and family issues. But health programs are very much a part of our security — hard security — apparatus. Even if the Ebola virus never makes it to American shores, a large outbreak in one or two countries in Africa would eventually have ripple effects leading to destabilization of governments, concerns about the global economy, refugee crises, and the end of immigration access to the United States for those in the impacted countries."