The changing globalization
Globalization is the framework that has long agreed to understand the world and its evolution.Since the fall of the Berlin Wall, there is the idea of a world that would gain in…
Philippe Waechter's blog
Uncertainty on trade dynamics takes over from risk
The United States’ unilateral economic policy is generating major uncertainties on world growth and casting severe doubt over institutions and trade. Hefty risk perception was a key feature of 2019, as the White House’s trade war and systematic reprisals from China fueled the prospect of a watershed…
Baldwin on Globalization: “A Lot of the Narrative Is Based on the US as If It Were the Whole World” –
Today, tariffs on USD 34bn of Chinese imports in the US will increase and China will do the same on US imports in China. That’s a nonsense policy as it…
David Ricardo and the Comparative Advantage – Happy anniversary
On April the 19th, 1817 David Ricardo published his famous book “On the Principles of Political Economy and Taxation” in which he developed his theory of the comparative advantage. This…