In The News

Shin Ji-hye January 30, 2019
South Korea will offer financial incentives and streamline regulations to attract foreign firms that can upgrade the nation’s traditional manufacturing sectors including petrochemicals, high-end manufacturing, automobiles and health care, announced the chief of investment policy at the Ministry of Trade, Industry and Energy. The range of targets is broad: “The ministry will also focus on luring...
Ann Pettifor January 26, 2019
Citizen majorities who support action on climate change or a tax system that reduces inequality must find political courage to battle moneyed interests. Citizens in nations with sound taxation systems hold more power than they realize. Taxpayers can demand that public debt target the public interest – as former US President Franklin D. Roosevelt accomplished during the Great Depression and some...
David Mahon December 31, 2018
As the US-China trade war continues, small nations expected to take sides will suffer economic losses. Countries, struggling to avoid coercion, must assess their relationships and values. Some like New Zealand will turn to other excuses, suggests David Mahon in an opinion essay for Caixin, but the trade war is the impetus. He points out that for New Zealand and more than 40 other nations, China...
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...