Economics & Global Affairs

49 Items

French President Emmanuel Macron, left, and Chinese President Xi Jinping shake hands after a joint press briefing at the Great Hall of the People in Beijing on Jan. 9, 2018 (AP Photo/Mark Schiefelbein, Pool).

AP Photo/Mark Schiefelbein, Pool

Analysis & Opinions - Institut Montaigne

Macron’s Travel Diaries - First Step: China

| Jan. 08, 2018

Macron’s decision to start off the year with a trip to China carries a symbolic weight, which adds a special aura to his arrival in Beijing. Elected in May by 66% of the French electorate and supported by a strong parliamentary majority, the President was able to assert his power and authority. A quality much appreciated by Chinese leaders, who are astounded by Angela Merkel and Theresa May’s fragility, despite their respective successes in their countries’ parliamentary elections. 

Pigeons fly in front of the Euro sculpture at the old European Central Bank building in Frankfurt, Germany, on Thursday, Nov. 10, 2016. (AP Photo/Michael Probst)

AP Photo/Michael Probst

Analysis & Opinions - Project Syndicate

Monetary-Policy Normalization in Europe in 2018

| Dec. 22, 2017

When the European Central Bank’s Governing Council met on December 14, there was little to surprise financial markets, because no policy changes could be gleaned from public remarks. The previous meeting, in late October, had already set the stage for the normalization of monetary policy, with the announcement that the ECB would halve its monthly asset purchases, from €60 billion ($71 billion) to €30 billion, beginning in January 2018.

Natalie Jaresko at the Harvard Kennedy School.

Benn Craig


Natalie Jaresko dicusses her time as Finance Minister of Ukraine with Harvard's Future of Diplomacy Project

| Dec. 21, 2016

Natalie Jaresko (MPP ’89), former Finance Minister of Ukraine, returned to Harvard on October 31st, 2016 to take part in the Future of Diplomacy Project’s international speaker series. In a public seminar moderated by Faculty Director Nicholas Burns, Jaresko, who currently serves as chairwoman of the Aspen Institute Kyiv, reflected on her time in office from 2014 to 2016. In her two years in office, the Ukrainian government  had to contend with the Russian annexation of Crimea, a national debt crisis, widespread governmental corruption, and political instability.

Panel: What does Brexit mean for Europe's security architecture?

Thomas Lobenwein


Brave new world? What Trump and Brexit mean for European foreign policy

| Dec. 08, 2016

On 24 and 25 November 2016 experts from politics and academia, including FDP Executive director Cathryn Clüver, discussed the impact of Brexit on several policy areas in a series of workshops at the Hertie School of Governance in Berlin. All events took place under Chatham House rules.

British Prime Minister Theresa May and Dutch Prime Minister Mark Rutte pose for the media ahead of their meeting in The Hague, Netherlands, Monday, Oct. 10, 2016.

(AP Photo/Peter Dejong)

Analysis & Opinions - The Boston Globe

Theresa May’s Abbanomics and Brexit’s new class war

| October 10, 2016

“If you believe you’re a citizen of the world, you’re a citizen of nowhere. You don’t understand what the very word ‘citizenship’ means.”

Those were the key words of a speech by Prime Minister Theresa May of Britain, at the Conservative Party conference in Birmingham last week. My response — as a fully paid-up member of the rootless cosmopolitan class — was: Ooh la la!

Welcome to the new class war, Brexit edition.

On one side, the citizens of the world — the Weltbürger — who are only citizens in the sense that Orson Welles’s Citizen Kane was a citizen. We have at least two passports. We speak at least three languages. And we have at least four homes, not one of them in the town where we were born.

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.