Protectionism

In a wide-ranging interview published on the New Statesman today, former prime minister Gordon Brown says that the coronavirus pandemic is "undoubtedly a crisis of globalisation" – but that the solution is more global cooperation, not less. Speaking to New Statesman political editor Stephen Bush, Brown says the crisis will "force us to rethink what…

View photos(Bloomberg) -- When it comes to bread, the conversation can become politically charged very quickly.From the French Revolution to the Arab Spring, price rises and food shortages have fueled conflict, toppled leaders and overthrown regimes.In the throes of a once-in-a-century pandemic, the headlines in many wealthier nations scream of empty supermarket shelves,…

Arvind Panagariya was the vice-chairman of NITI Aayog from January 2015 to August 2017, the crucial initial years in which the Narendra Modi government’s economic policy agenda took shape. He was hand-picked by the Prime Minister for building a new institution to replace the Nehruvian vestige, the Planning Commission.When an…

by Don Boudreaux on April 16, 2020 in Complexity & Emergence, Country Problems, Current Affairs, Growth, History, Myths and Fallacies, Seen and Unseen, The Economy, The Future, Trade Here’s a letter to my friend T. Alan Russell: Alan: Thanks for your e-mail. It’s always good to hear from you. You’re…

WEST JAVA, INDONESIA - APRIL 15, 2020: A number of workers have completed making masks in one of the ... factories in Bogor City. This factory produces 250 thousand pieces of masks every day for the needs of Coronavirus disease (Covid-19). - PHOTOGRAPH BY Agus Nugraha / Opn Images/ Barcroft…

16 April 2020Author: Adam P MacDonald, Dalhousie UniversityThe lack of a coordinated global response to the COVID-19 pandemic is partly because many of the most capable states have been hit hardest and so focussed internally. But the entrenchment of great power competition as a major feature of global politics is…

Peter Navarro had an uneven portfolio in Donald Trump’s White House—until Coronavirus. White House National Trade Council Director Peter Navarro is interviewed by Fox Business Network outside the White House October 08, 2019 in Washington, DC. (Photo by Chip Somodevilla/Getty Images)WASHINGTON– “Peter Navarro goes to the White House to be…

Somya Mathur, Badri Narayanan Gopalakrishnan and Upmanyu Bhardwaj A pathogen has the power to reboot the massive economies from an era of globalisation to that of regionalism, protectionism, scepticism and localisation. The COVID-19 outbreak has also given a peek into the vulnerabilities of global economic order.As nearly half of the…

12 April 2020Authors: Jeffrey J Schott, Gary Clyde Hufbauer and Euijin Jung, PIIEThe G20 record on trade is spotty and ineffectual — commitments to resist protectionism and strengthen world trading rules are regularly issued but almost never implemented. Since 2017, even the facade of cooperation has faded as US officials…

Quizzical reactions met Peter Navarro’s statement at a White House press briefing last week, related to the U.S. government’s response to the coronavirus pandemic. “The first order President Trump signed was vigorous, swift,” Navarro said. “It was the GM order which directed GM to make ventilators in Kokomo, Indiana in…