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Protectionism

Protectionism

On tech, India was naive. It has finally woken up

The Chinese government banned Facebook in 2009. And even Mark Zuckerberg — despite having a wife of Chinese origin; learning Mandarin; and doing public relations stunts such as jogging in the smog-filled streets of Beijing to say how much he loved China — was not able to have it change…
bubmag
July 1, 2020
Protectionism

Bonus Quotation of the Day…

… is from page 70 of the May 9th, 2020, draft of the superb forthcoming monograph from Deirdre McCloskey and Alberto Mingardi, The Illiberal and Anti-Entrepreneurial State of Mariana Mazzucato: Top-down is an old error in social thinking – and a persistent one. It is what connects witch-doctors in Neolithic…
bubmag
June 14, 2020
Protectionism

Vietnam’s May Rice Exports Surge to Record After Ending Limits

(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.Vietnam’s rice shipments in May jumped 42% year-on-year to 953,950 tons, the highest level for the month since 2009, when the General Department of Vietnam Customs began releasing data, according to Bloomberg News calculations.January-May exports…
bubmag
June 11, 2020
Protectionism

Factbox: Who’s bidding to be next World Trade Organization chief?

View photosWorld Trade Organization (WTO) in GenevaGENEVA/BRUSSELS (Reuters) - The World Trade Organization (WTO) began the process on Monday of selecting a new director-general to replace Brazil's Roberto Azevedo, who is stepping down a year early at the end of August.Azevedo's successor will need to steer reforms and negotiations in…
bubmag
June 8, 2020
Protectionism

Mexico to propose NAFTA renegotiator to lead WTO: sources

MEXICO CITY (Reuters) - Mexico is set to propose senior trade official Jesus Seade, who helped rework the North American Free Trade Agreement, as a candidate to be the next director-general of the World Trade Organization (WTO), sources said on Sunday.The WTO post will become vacant at the end of…
bubmag
June 8, 2020
Protectionism

Public investment key to escaping crisis: Summers

Image copyright Getty Images A former US treasury secretary says public investment will be key as the world recovers from the economic impact of the coronavirus crisis.Larry Summers told the BBC that central banks are going to become "less relevant", as interest rates are going to be near zero for…
bubmag
June 8, 2020
Protectionism

Is China’s loss India’s gain? Maybe not

Shikha Sharma India is amid an economy-crippling lockdown, but that hasn’t stopped our leadership from dreaming big. With China facing a global backlash, on account of COVID-19, India is hoping to cash in on the anti-China sentiment to replace it as the world’s global factory.That was one of the takeaways…
bubmag
June 2, 2020