18 August 2018

Real Insight

  • Despite his escalating rhetoric, Turkish President Recep Tayyip Erdoğan may soon find that he has little choice but to abandon his isolationist and antagonistic policies of the last few years. Photo: Reuters

    The Turkish emerging market timebomb

    - Aug 15, 2018 10:23am
    Turkey’s falling currency and deteriorating financial conditions lend credence, at least for some people, to the notion that “a crisis is a terrible thing to waste.” I suspect that many Western policymakers, in particular, are not...
  • Most of the attacks on Google, in relation to alleged abuse of market dominant position, are driven by a mix of misconceptions and questionable claims, some observers argue. Photo: Reuters

    Europe’s Google fines cross the line

    - Aug 14, 2018 9:01am
    The European Union’s regulatory bodies seem to be particularly hostile to Google. In June 2017, the European Commission fined the company 2.42 billion euro (US$2.75 billion) for breaching EU antitrust rules, after concluding that, “Google has...
  • International economic institutions such as the World Trade Organization have long served as platforms for member states to adopt shared rules. Photo: Reuters

    Global politics for a globalized economy

    - Aug 8, 2018 8:30am
    From the end of World War II to the mid-2010s, economic globalization progressed relentlessly through expanded trade, proliferating capital flows, faster (and cheaper) communication, and, to a lesser extent, human migration. Yet, even as these linkages...
  • Finance ministers and central bank chiefs pose for a picture at a G20 gathering in Buenos Aires, Argentina, on July 21. The group can play a leading role in overcoming the deficiencies that plague the international investment regime. Credit: Reuters

    Putting FDI on the G20 agenda

    - Aug 6, 2018 9:39am
    While much of the world’s attention is focused on the economic damage being wrought by US President Donald Trump’s trade wars, global trade’s twin – foreign direct investment – has largely been neglected. And yet, with...
  • As Trump has roiled the transatlantic alliance, Europe and Canada may feel they have no choice but to seek out a more open – or at least more stable – partner. Photo: Reuters

    America’s Neville Chamberlain

    - Aug 2, 2018 10:26am
      When countries get nervous about their security, they often insist that they need to reduce their dependence on foreign products, shorten supply chains, and produce more goods domestically. But does protectionism really improve security? Now...
  • File picture shows Chinese leader Xi Jinping with US President Donald Trump in Beijing  on Nov. 8, 2017. China has offered face-saving ways for Trump to leave the battlefield and declare victory, but he refuses to take them up. Photo: AFP

    The US is at risk of losing a trade war with China

    - Jul 31, 2018 9:40am
    What was at first a trade skirmish – with US President Donald Trump imposing tariffs on steel and aluminum – appears to be quickly morphing into a full-scale trade war with China. If the truce agreed...
  • US President Donald Trump and European Commission President Jean-Claude Juncker agreed “to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods”. Photo: AFP

    Europe’s trade victory in Washington

    - Jul 31, 2018 9:15am
    On July 25, when US President Donald Trump appeared in front of the White House with Jean-Claude Juncker, the president of the European Commission, their joint statement and spoken remarks surprised many. The two sides agreed...
  • Undocumented immigrant families are released from detention at a bus depot in McAllen, Texas, on Thursday.  Photo: Reuters

    Trump’s immigration trap

    - Jul 27, 2018 5:47pm
    Donald Trump’s presidency reminds me of nothing so much as the wars in Yugoslavia in the 1990s. At the height of the violence, a Serb friend said to me: “I don’t like Milošević. I don’t...
  • China may need to accelerate its reforms to reduce internal imbalances, increase consumption, and contribute to global demand and stability. Photo: CNSA

    Stress testing China’s system reform

    - Jul 26, 2018 10:07am
    The historian Wang Gungwu recently observed that, whereas the West thinks in terms of ideologies, China has long thought in terms of systems. In today’s age of rapid and profound change – characterized, in particular, by...
  • In 1990, newspapers across the United States employed nearly 458,000 people; by March 2016, that number was less than 200,000. Photo: AFP

    America’s grassroots saviors

    - Jul 25, 2018 10:34am
    Joan Didion famously observed that, “We tell ourselves stories in order to live.” Unfortunately, if you get your news about the United States from Facebook, Twitter, or cable TV networks, the stories you are being told...
  • US President Donald Trump’s demolition of the rules-based, truth-based, pro-trade world order hurts everyone. Photo: Bloomberg

    My apology tour

    - Jul 24, 2018 10:24am
    American presidents are supposed to take America’s side when dealing with other countries. When Barack Obama was (falsely) accused of starting his term with a Middle East “apology tour”, it was understood that apologizing to foreigners...
  • Trump’s fiscal and trade policies will crowd out private investment, reduce foreign direct investment in the US, and produce larger external deficits, experts warn. Photo: Bloomberg

    Trump may kill the global recovery

    - Jul 19, 2018 10:22am
    How does the current global economic outlook compare to that of a year ago? In 2017, the world economy was undergoing a synchronized expansion, with growth accelerating in both advanced economies and emerging markets. Moreover, despite...
  • The International Energy Agency (IEA) estimates that in 2016 fossil-fuel subsidies within the G20 countries amounted to US$72 billion. Photo: Bloomberg

    Fossil-fuel doublespeak

    - Jul 17, 2018 9:51am
    Since the Paris climate agreement was signed in 2015, too many policymakers have fallen for the oil and gas industry’s rhetoric about how it can help to reduce greenhouse-gas emissions. Tall tales about “clean coal,” “oil...
  • The European Commission’s European Political Strategy Center predicts that ever-more frequent droughts and floods will “dwarf all other drivers of migration”, with as many as one billion people displaced globally by 2050. Photo: AFP

    We need a food revolution

    - Jul 13, 2018 1:04pm
    In 1984, I gathered the most successful musicians of the time to form a “supergroup” called Band Aid to raise money for famine relief in Ethiopia. The next year, an even larger grouping was formed for...
  • The European Central Bank will try to end asset purchases by December, indicating it has confidence in its ability to achieve price stability. Photo: AFP/Reuters

    Time to untie the ECB’s hands

    - Jul 13, 2018 12:34pm
    The European Central Bank’s recent announcement that it will try to end asset purchases by this December means that it has confidence in its ability to achieve price stability. But those who decided that price stability...
  • If US and China continue trading blows with tit-for-tat tariffs, both will lose – and so will the world economy, experts warn. Photo: Bloomberg

    The global economy’s uncertain future

    - Jul 10, 2018 10:08am
    At the start of 2018, most of the world economy was experiencing a synchronized cyclical recovery that seemed to herald a longer period of sustainable growth and an end to the decade-long hangover from the 2008...
  • Crew members interact with migrant children aboard the Aquarius rescue ship before disembarking in the port of Valencia, Spain, on June 17. Photo: Reuters

    How to resolve Europe’s political crisis over migration

    - Jul 4, 2018 12:15pm
    Since the European Union’s migration crisis peaked in 2015, the number of illegal migrants arriving in the EU has fallen by 95 percent. Migration challenges remain, and reform of the EU’s methods for managing immigration is...
  • US President Donald Trump has exploited popular anger to advance his own interests. But he did not create that anger; America’s elites have spent decades doing that. Photo: Reuters

    Anger in America

    - Jun 26, 2018 1:07pm
    Many blame today’s populist rebellion in the West on the far right, which has won votes by claiming to be responding to working-class grievances, while stoking fear and promoting polarization. But, in blaming leaders who have...
  • It is hoped that next year’s European Parliament election will help advance the thorough restructuring of the European political scene. Photo: Reuters

    Toward a more democratic Europe?

    - Jun 22, 2018 10:20am
    A year ago, Emmanuel Macron’s decisive victory in the French presidential election, and his party’s subsequent success in legislative elections, caused many to breathe a sigh of relief. The rising tide of extremist populism in the...
  • No one died from radiation released by the 2011 accident at Japan’s Fukushima Daiichi plant. The negative impact resulted from inept regulation and evacuation procedures. Photo: Bloomberg

    Rediscovering the promise of nuclear power

    - Jun 22, 2018 10:05am
    At the 2015 United Nations Climate Change Conference in Paris, world leaders at last seemed to recognize the reality of climate change. But the response they are pursuing is fundamentally flawed, given its dependence on “renewable...

EJI Weekly Newsletter

Please click here to unsubscribe