Tag: Globalization

Empires, Past and Present

By Joseph Joyce. Originally published at Angry Bear Economists rarely write about “empires,” unless they are referring to historical examples such as the Roman empire. But Thomas Hauner of the Federal Reserve Bank of Minneapolis,  Branko Milanovic of the Graduate Center of City University of New York and Suresh Naidu of Columbia University have presented a study […]

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Misperceptions About Immigration and Support for Redistribution

By Alberto Alesina, Professor of Political Economy, Harvard University, Armando Miano, PhD student in Economics, Harvard University, and Stefanie Stantcheva, Professor of Economics, Harvard University. Originally published at VoxEU The debate on immigration is often based on misperceptions about the number and character of immigrants. The column uses data from surveys in six countries to […]

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More Brexit Grim Tidings: WTO Warns Ireland to Prepare for Crash-Out; Deutsche Moves Half of Euro Clearing Ops to Germany; Food Freakout

I had hope to write a bigger picture Brexit piece today, but administrative duties got in the way. However, the latest Brexit stories will hopefully provide readers with more grist for conversation in the meantime. I got 2/3 of the way through this post and found I was outdone by this tweet, which is both […]

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Can the Migration Plan of Spain’s PSOE Reverse the Fortunes of Europe’s Social Democrats?

By Giacomo Riccio, an international relations and diplomacy graduate. Originally published at openDemocracy/strong> European social democratic parties of the most populated EU countries have been trudging through stagnant water for the last ten years and will certainly keep struggling in the next decades too, unless a game change occurs. That game changer could go by […]

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Peter Thiel: Free Trade Theory ‘Totally at Odds’ with Reality of ‘Massive’ China Trade Deficits

Billionaire venture capitalist and PayPal co-founder Peter Thiel described the consequences of contemporary globalization as being at odds with its proponents’ promises during a Wednesday speech at Turning Point USA’s High School Leadership Summit in Washington, DC. Thiel credited President Donald Trump with challenging the orthodoxy of support for globalization: [Donald Trump] has called into […]

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Financial Times: Chinese Officials “Awed” by Trump’s “Skill as a Strategist and Tactician”

A Financial Times article, The Chinese are wary of Donald Trump’s creative destruction, by Mark Leonard, director of the European Council on Foreign Relations, is so provocative, in terms of the contrast with Western perceptions of Trump, that I am quoting from it at some length. According to Leonard, quite a few key players in […]

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Brexit Crash Out Virtually Certain

On the one hand, a great deal appears to have happened with respect to Brexit in the last two weeks, with David Davis and Boris Johnson resigning from Government and Theresa May stating that she will lead the Brexit negotiations. Despite the threat of an ouster, she’s still the last woman standing. However, in reality […]

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(Mis)Adventures in Portland and a Visit to Occupy ICE

I’ll have more to say about some of the other meetups just completed (Chicago, Green Bay, San Francisco, and Seattle), since I learned a lot at each of them. However, quite a lot happened at the Portland one, plus reader Andrew Watts showed up my tardiness by providing his own write up of the event. […]

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The Missing Profits of Nations

Lambert here: “Close to 40% of multinational profits were artificially shifted to tax havens in 2015.” Holy moly! By Thomas Tørsløv, PhD student, University of Copenhagen and Ministry of Taxation, Denmark, Ludvig Wier, PhD candidate, University of Copenhagen, and Gabriel Zucman, Gabriel Zucman. Originally published at VoxEU Between 1985 and 2018, the global average statutory […]

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John Feffer: Trump Doctrine as Kamikaze Antiglobalism

Yves here. I imagine readers will take issue with some of the lower-level arguments in this piece, such as claiming that Obama was trying to address climate change, when he joined the Paris Accord late in his time in office and as Gaius Publius has written at length, was a strong supporter of fracking. Nevertheless, […]

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Trump Tariffs Hit Largest US Aluminum Company, ALCOA

Yves here. As we’ve said, tariffs are a blunt instrument. By Barkley Rosser, Professor of Economics at James Madison University in Harrisonburg, Virginia. Originally published at Angry Bear In the history of antitrust law, one of the most important rulings by the US Supreme Court came in 1945, when the Aluminum Company of America (ALCOA), […]

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Migrants, Pro-Globalization “Leftists,” and the Suffocating Middle Class

By Enrico Verga, a writer, consultant, and entrepreneur based in Milan. As a consultant, he concentrates on firms interested in opportunities in international and digital markets. His articles have appeared in Il Sole 24 Ore, Capo Horn, Longitude, Il Fatto Quotidiano, and many other publications. You can follow him on Twitter @enricoverga. International commerce, jobs, […]

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Marshall Auerback: Trump’s Trade War with China Will Cause an Economic Catastrophe — Here’s a Better Solution

By Marshall Auerback, a market analyst and Research Associate at the Levy Institute. Originally published at the Independent Media Institute With the announcement by President Trump that the U.S. would start the process of imposing 10 percent tariffs on an additional $200 billion of Chinese imports in the next few months, it is safe to […]

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Don Quijones: Multiyear, Job-Creating, Mass-Tourist Boom in Spain Runs Out of Steam

By Don Quijones of Spain, the UK,and Mexico, and editor at Wolf Street. Originally published at Wolf Street One of the main motors behind Spain’s recent economic recovery, foreign tourism, is beginning to splutter. After years of two-figure year-on-year growth, the number of foreign visitors to Spain in the first five months of 2018 grew by […]

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Michael Hudson: Argentina Gets Biggest IMF Loan in History

In this this Left Out podcast of The Hudson Report, a weekly series produced by Left Out with the economist Michael Hudson, Paul Sliker speaks with Hudson about the economic and political implications of the International Monetary Fund’s $50 billion loan to Argentina, which is the largest IMF credit line in history. Hudson is research professor […]

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EU Elite on the (Far) Right Side of History

Yves here. As much as John Weeks covers important ground in explaining how the Eurozone’s fiscal orthodoxy produces right wing policies, he overstates the commitment of the ruling Italian coalition’s interest in leaving the Eurozone. The first candidate for finance minster, Paolo Savona, walked back a great deal of his firebrand talk even after he […]

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Trump’s Visit Marks the Start of Shock Doctrine Brexit

Yves here. The setup for this post has been trumped by events, with Hair Furore doing his best imitation of Emily Litella. From the Financial Times: Donald Trump has sought to repair the diplomatic wounds he inflicted on Theresa May by insisting whatever course the British prime minister took on the UK’s future relationship with […]

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The Political Representation of the European People

By Etienne Balibar, Emeritus Professor at Paris X Nanterre and Anniversary Chair of Modern European Philosophy at Kingston University, London. He has addressed such questions as European racism, the notion of the border, whether a European citizenship is possible or desirable, violence, identity and emancipation. His books include Reading Capital (with Louis Althusser, New Left […]

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Who, Exactly, Are the “Illegals,” Anyhow?

By Lambert Strether of Corrente. As readers know, I deprecate the (informal: disparaging and dffensive) noun “illegals,” not only because it’s a slippery slope to “frugals,” “orals,” “regals,” and so forth, but because I can’t think of a good reason to insult people who are, often courageously, trying to improve their own lives and those […]

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