international trade
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A U.S.-China deal won’t end economic uncertainty
The U.S.-China trade dispute is not just about unfair practices or a large trade deficit. It has deeper roots, with origins in Beijing’s aspiration to become a globally dominant leader in several technology sectors. That ambition – and Washington’s wariness of it – will not abate anytime soon. So while a trade deal may be likely before the 2020 election, U.S.-China tensions over technology leadership are only beginning.
Dim prospects for developing countries
Developing countries are facing some favorable global conditions, with cheap financing, rising commodity prices, and foreign investors looking for opportunity. But three roadblocks will prevent improved growth in Africa and other developing economies: government involvement in the market, an outsize bureaucracy, and an undereducated labor force. The solutions now being ...
Prospects for Latin American economies in 2019
Latin America’s diverse economies are facing a series of common problems in 2019. After a years-long commodities boom, countries that failed to prepare for the current downturn in prices now deal with a loss of revenues and foreign investment. Corruption and quality of life issues have presented other challenges, and ...
The disruptive power of American tight oil
The shale revolution in the United States has transformed the domestic oil industry and global oil markets. Tight oil has both increased supplies and shortened the reaction time of production to prices, with the U.S. industry proving more resilient than many expected. New competition has reduced the leverage of other ...
EU-China relations at a crossroads
For decades, relations between the EU and China have been based on growing economic cooperation and trade. But this interdependence has become asymmetric, which China exploits to maximize its own benefits and weaken European unity. While Beijing moves toward a knowledge-based economy, it also sees the future in nationalist, “back-to-the-future” ...
