Economics and politics - comment and analysis

Who’s afraid of China?

Cross-posted from Brussels Morning (https://brusselsmorning.com)
 
Sinophobia is a widespread political disease. Beyond China, industrialised countries are also pursuing an unjustifiably confrontational course towards other developing countries.
Reading the press in industrialised countries attentively and listening to their politicians, the impression of an aggressively adversarial West-North global divide is unavoidable. …

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Creeping Protectionism and the WTO

Cross-posted from Brussels Morning (https://brusselsmorning.com)
 
The US administration is poised for a smarter balancing of its trade deficit, probably through monetary policy rather than tariffs.
Many free trade apologists are convinced that creeping protectionism is one of the biggest problems facing the global economy. …

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Turkey and the mirage of monetary sovereignty

Cross-posted from Brussels Morning (https://brusselsmorning.com)
Turkey has fallen into a traditional carry-trade trap that is destabilising its currency; the structural solution to the challenge at hand would be to join a currency bloc.
The Turkish lira’s exchange rate has been in the international financial markets’ focus for months. …

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Public Investment: why America’s “more” is better than Europe’s “too little”

Cross-posted from Brussels Morning (https://brusselsmorning.com)
The US is deploying approximately 25% of its GDP to bolster the economy in comparison to a more timid approach from Europe, the former will likely prove better for labour market recovery.
There is now hope that the global economic situation will rebound as the pace of vaccination picks up. …

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