In effect, the EU has embraced a hyper-mercantilist, export-driven growth model, prioritising trade surpluses over internal economic development. This approach has come at the expense of both its own citizens, who face stagnating wages and underfunded public services, and its trading partners — most notably the United States — who have absorbed the EU’s export surpluses as part of an increasingly unbalanced global economic relationship.
Economics
Paolo Gerbaudo: The Electric Vehicle Developmental State
BYD exemplifies transformations in Chinese industrial policy Read Article HERE Photo: Wikimedia Commons
EU politics
Politico – Switzerland ends talks on EU partnership treaty
The EU has learnt nothing from Brexit. There are some Europeans who value democracy. Read here
Economics
Richard Murphy – Mythbuster: What is quantitative easing and how does it work?
I have been asked to explain how quantitative easing works, given how important it is within our economy and managing the coronavirus crisis right now. What follows is part of a larger piece of work […]
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