Finance
Kate Mackenzie, Tim Sahay – Marshall Plans
Both the US and China are trying to integrate the global south into their economic plans, but neither offer a truly compelling vision. In ‘Phenomenal World’. Read the article HERE.
Globalisation
EU politics
Binoy Kampmark – Welcome to Tariff Land: The Retreat of ‘Free Trade’
The return of protectionist policies in the United States and Europe shows that free trade ‘values’ were only strong while the West was winning. Binoy Kampmark was a Commonwealth Scholar at Selwyn College, Cambridge. He lectures […]
Finance
Bill Mitchell – Shipping disruptions unlikely to precipitate another inflation surge
Both the Suez Canal and the Panama Canal – two of the world’s most important shipping routes – are “now under stress from various sources”. Published in Bill Mitchell’s blog. Read the article HERE.
Globalisation
Politico – The EU’s chips plan implodes as Intel pauses investments
Intel, American semiconductor manufacturer, will no longer go ahead with plans for big chip factories in Germany and Poland, leaving the EU with little hope of meeting its objective of having a significant amount of […]
Economics
Ian Proud – Turkey joining BRICS represents another step to a multipolar world
BRICS is set to get bigger, and this can only be a good sign for the collective strength of developing nations in a multipolar world. It’s also a bad sign, longer term, for US political […]
Finance
Branko Milanović – The third framing
The Washington Consensus is dead, and with nothing on the way to replace it the law of the jungle may return. Branko Milanović is an economist specialised in development and inequality. His newest book is […]
Finance
Jason Choi, Duong Dang, Rishabh Kirpalani, Diego Perez – Exorbitant privilege and the sustainability of US public debt
The US’s status in global financial markets is crucial for debt sustainability, and efforts by other countries to establish competing safe assets could pose challenges to the US’s dominant position. Jason Choi is Assistant Professor […]
Economics
The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era by Gary Gerstle
Book Review by Branko Milanović The very well-written and easy to read book by Gary Gerstle (The Rise and Fall of the Neoliberal Order) makes two key points. First, and continuing from Gerstle’s previous book […]
Economics
Michael Roberts – Bangladesh: the ‘Global South’ debt crisis intensifies
Behind the overthrow of Bangladesh’s government lies a familiar story in the global south of rising debt interest and IMF-imposed austerity. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from […]
Finance
Radhika Desai, Michael Hudson – Debt is political: Why wealth flows from poor to rich
An examination of the relationship between war and debt across history. Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at […]