Friday, 15 July 2016
In the wake of Brexit the world is once again looking to central banks to jump-start the economy with more stimulus. But are low rates doing more harm than good?
Thursday, 14 July 2016
One thing is now certain about the upcoming presidential election in the United States: the next president will not be a committed free trader. The presumptive Democratic nominee, Hillary Clinton, is at best a lukewarm supporter of freer trade, and of the Trans-Pacific Partnership in particular. Her Republican counterpart, Donald Trump, is downright hostile to trade deals that would throw open US markets. Breaking with modern Republican tradition, Trump envisages a 35% tariff on imported cars and parts produced by Ford plants in Mexico and a 45% tariff on imports from China.
Wednesday, 6 July 2016
After a lull since the publication of the final text of the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union (EU) at the end of February, CETA is now back in the news.
Tuesday, 5 July 2016
The surprise outcome of the UK’s EU membership referendum is in some ways analogous to the ‘Taper Tantrum’ (the correction in financial markets following Ben Bernanke’s May 2013 suggestion that the US central bank was contemplating reducing its rate of security purchases). This column looks at whether the Brexit Surprise has had analogous effects on emerging markets. Emerging economies felt a strong negative impact that was larger and more widespread than in the case of the Taper Tantrum. Where the Taper Tantrum was mainly a financial shock, the Brexit Surprise is evidently perceived as having real as well as financial consequences.
Thursday, 30 June 2016
Britain's exit from the European Union(EU), is being termed one of the most catastrophic shots to the global economy. However, the more pressing question of how Brexit impacts ordinary citizens of the UK and the EU, as well as, what the dynamics in the UK post-Brexit look like, are equally as pressing. To gain new insight into these questions and more, we sit down with global economy expert and Claude & Lore Kelly Professor of European Studies at Princeton University Harold James.
Wednesday, 29 June 2016
Mario Draghi took an unusual tack among the world’s major policy makers — giving a speech that had no explicit reference to the UK’s decision to quit the European Union.
Sunday, 26 June 2016
North American leaders meeting in Ottawa this week are being confronted with the seismic economic ripples caused by Britain's decision to leave the European Union.
Friday, 24 June 2016
How many times have you read that globalization cannot be stopped? That only ever was true in the most abstract sense. Curiosity will continue to drive humans with means to see the world, and greed always will motivate companies to push into new markets. But the “official” globalization of free-trade agreements and other multinational arrangements always could be stopped by politics.
Thursday, 23 June 2016
As the Brexit debate rages on, the two sides agree on one thing: the enormous economic, political and social implications of the vote that will weigh on the future of the UK. Former Prime Minister Tony Blair has called the vote “the most important decision for Britain since 1945” and warned about a “long, agonizing process of disengagement” that would result from an Out vote, with “seismic” economic implications.
Monday, 20 June 2016
Like any collision on a busy highway resulting from a fast-moving car veering without warning into the exit lane, Britain’s departure from the European Union will trigger a multi-car pile-up that will be costly to all parties. It will generate uncertainty in Britain for investors, producers and politicians until new linkages are established, and it will add fuel to rising populism and nationalism that could lead to Europe’s unravelling.