In The News

Melina Kolb December 26, 2018
Perhaps it is human nature as so many people take credit for their every success but blame others – trade, migration, technological advances and other facets of globalization – for their woes. The Peterson Institute for International Economics undertakes the task of reminding about the age-old processes of globalization, urging an understanding of the relative costs and benefits to avoid the...
Henrik Enderlein December 24, 2018
Emmanuel Macron won the French presidential election without support of a traditional political party on a platform of strengthening the European Union in revolutionary ways. But the yellow-vest protests that began over a fuel tax are eroding his authority. He has led numerous reforms for the French job market, wage negotiations, taxation and the budget deficit. “Macron has already reformed his...
Damian Carrington December 11, 2018
Some of the world’s largest pension funds, insurers, rating agencies and asset managers are heeding warnings from climate researchers to demand phase-out on all coal burning, reduced carbon emissions and introduction of carbon taxes. As ministers arrive for a UN climate summit in Poland, more than 400 investors signed a Global Investor Statement describing refusal to acknowledge climate change as...
William Pesek November 30, 2018
The world’s 20 largest economies gather in Buenos Aires for the G20 summit. Participants include the European Union and 19 nations, seven of which are in Asia. Asian nations worry about the ongoing trade fight between China and the United States, along with the threat of more tariffs, could trigger inflation and global recession. “The China-US trade brawl is the economic equivalent of giant...
Nouriel Roubini October 25, 2018
The bubble has burst for Bitcoin and other cryptocurrencies, and economist Nouriel Roubini argues that such techno-currencies and the related blockchain distributed ledger software are over-hyped and not useful. He insists that investors find more security holding real money widely recognized by governments. “In practice, blockchain is nothing more than a glorified spreadsheet,” Roubini writes...
Vasilis Trigkas and Qian Feng August 30, 2018
US leaders may misunderstand Chinese economic fundamentals by assuming that a trade war will trigger a debt crisis that threatens China’s government. Vasilis Trigkas and Qian Feng of Tsinghua University point to three China-specific economic characteristics that could prevent an economic crash. The Chinese Communist Party controls the nation’s information infrastructure which gives regulators...
Dambisa Moyo May 24, 2018
Critics of globalization insist its policies benefit only a few. Yet “full globalization” may not have been given a fair chance as governments embrace weak models. International economist and author Dambisa Moyo points to three consequences of isolationist trends: First, businesses pursue local models, and relevance of global financial centers will decline, with reduced access to global capital...