According to an old African proverb, “When elephants fight, it is the grass that suffers.” The same is true for full-blown trade wars: when major economies clash, developing countries will be among the hardest hit.
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Results for Op-Ed Global Economics
Monday 7 May 2018
From 1949, when Mao Zedong’s communists triumphed in China’s civil war, until the collapse of the Berlin Wall 40 years later, Karl Marx’s historical significance was unsurpassed. Nearly four of every ten people on earth lived under governments that claimed to be Marxist.... On the 200th anniversary of Marx’s birth on May 5, 1818, it isn’t far-fetched to suggest that his predictions have been falsified, his theories discredited, and his ideas rendered obsolete. So why should we care about his legacy in the twenty-first century? By Peter Singer
Monday 11 December 2017
New York, USA
Globalization, which was supposed to benefit developed and developing countries alike, is now reviled almost everywhere, as the political backlash in Europe and the US in recent years has shown. The challenge is to minimize the risk that the backlash will intensify, and that starts by understanding – and avoiding – past mistakes.
Monday 7 August 2017
National and international institutional frameworks must continue to guard against destructive actions by political leaders. In the final analysis, confidence in these institutions’ resilience – and in an eventual end to the current political dysfunction – is what markets seem to be banking on. by Michael Spence.
Saturday 10 June 2017
New York, USA
After 16 years of negotiations, 11 Pacific island nations will sign the Pacific Agreement on Closer Economic Relations (PACER Plus) in Tonga on 14 June. By Daniel Gay. Inter-Regional Adviser on least developed countries, UN Committee for Development Policy Secretariat, New York.