It is not surprising that Argentina’s situation, with its libertarian president, is being hyped by many media outlets. The libertarian-leaning business editors are eagerly waiting to report on the breakthrough of radical ‘liberal’ ideology. However, when a major international organisation such as the OECD allows itself to be drawn into this political game, …
Signs and wonders are happening! The German Handelsblatt has recognised that foreign trade surpluses are not necessarily a good thing. Although they have long been regarded in this country as hard proof of German competitiveness, the paper writes that a country’s surpluses inevitably create deficits in other countries, …
One of Donald Trump’s most important trade advisors, Peter Navarro, defended the American president’s trade policies some time ago in an article in the Financial Times, making at least one very strong point that went unnoticed in continental Europe. …
Jeffrey Sachs says: ‘A country’s trade deficit (more precisely, its current account deficit) is not an indication of unfair trade practices by the surplus countries. It points to something quite different. A current account deficit means that the deficit country is spending more than it produces. …
