More in Global Economy


20 days

The Outsized US Suspicions about Trade: International Comparisons

The US economy, because of its enormous internal domestic market, is actually much less exposed to the effects of international trade than smaller economies around the world. For the world economy as a whole, the ratio of imports/GDP is about 28%, using World Bank data. For the US economy, the ratio of imports/GDP is 15%, about the same as Japan. For China, the import/GDP ratio is 18%; for Korea, it's 38%; for Germany, with all of its within-the-European-Union trade, the import/GDP ratio is 40%.

21 days

Corporations and Social Values

There is a long-standing debate over the goals of corporations. Should they focus mostly or exclusively on earning profits? Should they be willing to take on broader social missions? Should they be required to do so? What follows are some notes and snippets on this controversy, from various angles.

24 days

UK Financial Services: Opportunities and Threats Post Brexit

A Brexit deal is still no closer, but trade will not cease even if the March deadline passes. In the short-term, UK and EU economic growth will suffer. Medium-term new arrangements will hold back capital investment. Long-term, there are a host of opportunities, in time they will eclipse the threats.

25 days

Brazil Faces Significant Challenges

Uncontrolled spending and ruinous results … Brazil has been a prime example of the policy of “more is less”. Under Lula and Rousseff the country felt invincible and believed that entering into massive trade and fiscal deficits while spending on ruinous government publicity projects and subsidies would work.

26 days

Is The Oil Burden A Rising Problem?

While markets are becoming increasingly bullish, oil prices are close to a “warning zone” where the barrel could be one -if not the only- catalyst of a major slowdown.

27 days

Rumination: Why Not a Military War on Trade?

As President Donald Trump's trade war continues to escalate, it's perhaps worth remembering his tweet from back in March:

28 days

Corporate Debt and Leveraged Loans: Financial Snags Ahead?

It was 10 years ago in September 2008 that the worst of the financial panic crashed through the US economy. Where might the next financial crash be lurking? In a speech last week, Federal Reserve Governor Lael Brainard pointed to some possible candidates. She said: