Economics & Global Affairs

412 Items

Blog Post - Views on the Economy and the World

RMB Reaches 7.0; US Names China a Manipulator

| Aug. 12, 2019

The US-China trade war heated up in the first week of August.  On August 1, Donald Trump abruptly announced plans to impose a 10 % tariff on the remaining $300 billion of imports from China that he had not already hit with earlier tariffs.   The Chinese authorities then allowed their currency, the renminbi (RMB), to fall in value below the highly visible line of 7.0 RMB/$.  The US Administration promptly reacted on August 5 by naming China a “currency manipulator” — the first time any country had been given that designation in 25 years.   Pundits declared a currency war, while investors responded by immediately sending stock markets down.

Jeff Schwager, president of Sartori Cheese poses for in front of their plant

AP/Morry Gash

Analysis & Opinions - Project Syndicate

Power and Interdependence in the Trump Era

| July 03, 2019

President Donald Trump's manipulation of America's privileged international system will strengthen other countries' incentives to extricate themselves from US networks of interdependence in the long run. In the meantime, there will be costly damage to the international institutions that limit conflict and create global public goods.

The European Parliament in tomorrows sitting will discuss the state of the rule of law in Poland.

European Parliament/Flickr

Analysis & Opinions - Carnegie Endowment for International Peace

The Impact of the European Parliament Election on Migration, Trade, and Transatlantic relations

| May 28, 2019

The Carnegie Endowment for International Peace hosted a discussion on the impact of the European Parliament election on issues like migration, trade, and transatlantic relations.

Saudi Arabia’s Moment in the Sun

AP/Donna Fenn Heintzen

Analysis & Opinions - Carnegie Endowment for International Peace

Saudi Arabia’s Moment in the Sun

| May 07, 2019

As part of a high profile tour of China in February, Saudi Arabia’s Crown Prince Mohammed Bin Salman (MBS) has overseen a range of multi-billion dollar pledges and MOUs with Beijing. This partly reflects Riyadh’s desire to diversify sources for investments and technology following the mass withdrawal of major Western business leaders from the Future Investment Initiative in October 2018, after the murder of Saudi Journalist Jamal Khashoggi in the Saudi Embassy in Istanbul. Yet cooperation with China on renewable energy, if successful, would realize a significant first step towards Saudi Arabia’s lofty ambitions for solar and wind power.

Brexit protest opposite the Palace of Westminster, London.

ChiralJon

Analysis & Opinions - METRO U.N.

What Brexit Means for the World

| May 01, 2019

When contemplating Brexit, particularly a ”hard” Brexit without agreements with the EU, the outside world is deeply puzzled how Britain could produce such a calamitous act of self-harm, severely hurting its economy, undermining its international standing, and possibly threatening its national integrity. While Brexit will hurt the EU economically, it will not undermine the EU’s global role as the world’s second largest economy. Brexit has also had some unexpected effects that strengthen the EU.

Russian President Vladimir Putin gestures warmly to the local residents of Simferopol, Crimea, Monday, March 18, 2019.

Yuri Kadobnov (AP)

Analysis & Opinions - Russia Matters

Key to Putin’s Passport Offers to Ukrainians? Russia’s Shrinking Labor Force

| Apr. 30, 2019

While Putin’s hopes of integrating Ukraine into the Eurasian Economic Union were dashed by the 2014 revolution, the Russian leadership has refused to yield in its battle with the EU over Ukraine’s shrinking labor force, Simon Saradzhyan writes.