Economics & Global Affairs

759 Items

Narvikk/Getty Images

Narvikk/Getty Images

Analysis & Opinions - Globe and Mail

The Currency Manipulation Game Is Afoot – but That’s Better Than a Trade War

| Aug. 13, 2019

The trade war between the United States and China is heating up again, with U.S. President Donald Trump abruptly announcing plans to impose a 10-per-cent tariff on the US$300-billion worth of imports from China that he had so far left untouched. The Chinese authorities then allowed their currency, the renminbi, to fall below the symbolic threshold of seven yuan for every U.S. dollar. The Trump administration promptly responded by naming China a “currency manipulator” – the first time the U.S. had done that to any country in 25 years. Pundits declared a currency war, and investors immediately sent global stock markets lower.

President Donald J. Trump and UK Prime Minister Boris Johnson at the United Nations General Assembly

Official White House Photo by D. Myles Cullen

Analysis & Opinions - The Hill

What Boris means for US-UK relations

| 07/31/22019

The combination of Donald Trump and Boris Johnson, both of whom came from privileged backgrounds and rode populist waves into office, has heightened expectations of renewed alignment between America and Britain. Their personal chemistry, shared antipathy toward the European Union and desire for a trade deal will improve bilateral ties in the near term. There will be a honeymoon period, including their first meeting next month at the G7 summit in France. Yet there will also be friction as Johnson seeks to balance domestic and foreign policy interests.

Boris Johnson at Global Britain: UK Foreign Policy in the Era of Brexit

Chatham House

Analysis & Opinions - Brookings Institution

Brexit endgame: Boris and the Brexiteers take control

| July 25, 2019

The man whose childhood dream was becoming “world king” and whose charismatic leadership energized the Brexit campaign has become Britain’s new prime minister. On July 24, Boris Johnson replaced Theresa May as leader of the Conservative Party and assumed the country’s top job. Following a campaign premised on delivering Brexit “do or die” by Halloween and with only 99 days until the departure deadline, Johnson wasted no time appointing a pro-Leave cabinet. Given EU resistance to renegotiating the withdrawal agreement and a divided British Parliament, odds are increasing for a no-deal Brexit or a general election.

Dollar bills

AP Photo/Mark Lennihan

Analysis & Opinions - Belfer Center for Science and International Affairs

The Consequences of Weaponizing the U.S. Dollar

| July 22, 2019

Should INSTEX itself be sanctioned, it would be a powerful signal to the rest of the world. In this scenario, critical dollar-denominated trade not currently facing sanctions, but at potential risk of being sanctioned in the future, could migrate to third party currencies, transferred through sanctions-resistant entities to an INSTEX-like body.

The European Central Bank building during sunset in Frankfurt, Germany

(AP Photo/Michael Probst, FILE)

Journal Article - Quarterly Journal: International Security

The End of War: How a Robust Marketplace and Liberal Hegemony Are Leading to Perpetual World Peace

| Summer 2019

Liberal market-oriented states are in a natural alliance to preserve and protect a global order that is systematically buttressing states’ embrace of market-oriented norms and values.

The oil tanker Stena Impero in an Iranian port

(Tasnim News Agency/via AP)

Analysis & Opinions - The Washington Post

Oil Probably Won’t Cause a War with Iran, but It Certainly Adds Fuel to the Blaze

    Author:
  • Jeff D. Colgan
| July 20, 2019

The relationship between oil and war is complicated—and much of the time, oil disputes are resolved peacefully. The more dangerous disputes are those where tensions over oil exacerbate other factors on the road to war.