by Joseph Joyce The Costs of the Defragmentation of the Global Economy The integration of markets across borders has slowed down, and in some cases, reversed. These changes come in the wake of the global financial crisis, Donald Trump’s embrace of trade restrictions, Great Britain’s withdrawal from the European Union, the disruptions in global supply […]
by Joseph Joyce The IMF’s Position in a Fragmented Global Economy Ten years ago Cambridge University Press published my book, The IMF and Global Financial crises: Phoenix Rising? I had written a series of journal papers on the IMF and used the format of a book to summarize what I had learned about the Fund. I also […]
by Joseph Joyce Making Friends in the New Global Order U.S. Treasury Secretary Janet Yellen gave a talk at the Atlantic Council last April on the future role of cooperation in the global economy. In October Chrystia Freeland, Deputy Prime Minister of Canada and its Minister of Finance, gave an address at the Brookings Institution that presented a similar […]
by David Zetland from Aguanomics The Land Grabbers — the review Fred Pearce sent me a review copy of his new book, The Land Grabbers: The New Fight over Who Owns the Earth, which I enjoyed very much for its detailed description of the pros and cons resulting from foreigners investing in land in developing countries. […]
Of all the things being deconstructed regarding the debate last night, this is the one that stood out for me: QUESTION: The outsourcing of American jobs overseas has taken a toll on our economy. What plans do you have to put back and keep jobs here in the United States? Romney:…which will allow me as […]
by Rebecca Wilder World Trade Turning Down Something different for today: world trade. Recently, South Korea and Taiwan released July 2012 trade statistics, where annual export growth was seen contracting at a 8.8% and 11.6% rate, respectively. The annual pace of export growth in Taiwan contracted for the fifth consecutive month, where that in South […]
From the Economist comes this interactive chart comparing US states to countries by GDP and population:
Update: This post from 6/28 has been re-posted today 7/04 as I believe it was lost in last Thursday’s reaction to the Supreme Court’s ruling on the health care ACA. Robert Waldmann has also subsequently expressed an opinion on how Germany should proceed. Re-posted:The NYT carries a data filled op-ed by Gunnar Beck, and takes […]
by Kenneth Thomas Guest post: Why the World Should Care About America’s Middle Class Tim Worstall, in his Forbes blog, attacks my series (here and here) on whether globalization is good for America’s middle class. Not on the basis that he disagrees with my conclusion (though he does), but because, he argues, there are much […]
by Kenneth Thomas Is Globalization Good for America’s Middle Class? Part 1 In this blog, I have frequently documented economic trends that have been bad for the middle class: Declining real wages, steadily falling bang for the healthcare buck, stagnant educational attainment, the gigantic cost of tax havens, etc. With this post, I want to […]