What is a trade deal?
Since Donald Trump’s arrival in the White House, there has been talk of “trade deals.” Trade deals are needed, although the term is not clearly defined.According to conventional wisdom, a…
A dynamic and cyclical approach to the global economy
Since Donald Trump’s arrival in the White House, there has been talk of “trade deals.” Trade deals are needed, although the term is not clearly defined.According to conventional wisdom, a…
The Financial Times noted that the dollar’s first half was the worst since the first six months of 1973. At that time, the greenback’s value, measured against the six largest…
Since the beginning of 2025, the economic landscape has changed. This change of direction primarily reflects the economic policy pursued by the White House in two dimensions: 1- the accentuation…
For Kindleberger, financial dynamics are not inherently stable. It requires a leader, a hegemon, who, through their actions, guarantees it, giving it the characteristics of a global public good. All…
The current architecture of the global economy owes much to the actions of central banks. Since the early 1980s, with the progressive financialization of the global economy, they have taken…
Thucydide and Fernand Braudel allow us to understand the movements, Kindleberger is more in the analysis of the dynamics which are stalling. For Thucydide, Sparta must enter into conflict with…
World history is generally shaped by a leading country. This has been the case since World War II with the United States and earlier with Great Britain. This hegemon provides…
Increased trade is a major source of improved economic activity and income. This point was demonstrated by classical economists, then extended to international trade. While the theories have been refined,…
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