Protectionism

Business Fearful of causing further harm to an economy laid low by the coronavirus epidemic, authorities in China have become a lot more lenient dealing with entrepreneurs breaking the law. A pedestrian wearing a face mask walks near an overpass with an electronic board showing stock information, following an outbreak…

Yves here. We’ve covered most of the Brexit issues presented here, but this is a very useful high-level take that could be helpful as a recap of the state of play for curious friends and colleagues. By Nick Dearden, director of Global Justice Now. Originally published at openDemocracy The fallout…

David Frost and Michel Barier at the first day of the UK-EU trade talks. | Monasse Thierry/PA. All rights reserved. The fallout of coronavirus only adds to Britain’s problems as the country tries to extricate itself from 40 years of EU membership. We already know that Boris Johnson, rather than…

Due to the coronavirus pandemic, most airlines in the world will be bankrupt by the end of May and only a coordinated government and industry action right now can avoid the catastrophe, said global aviation consultancy firm CAPA in a note on Monday. "As the impact of the coronavirus and multiple government…

Italy, the country hardest hit by the pandemic after China, has been placed under lockdown. Photo: DPAInternational Chamber of Commerce chief says moves to curb the contagion are having same impact on world economy as protectionism John Denton also calls on China to keep its market reform process going once…

View photosUS President Donald Trump set off a storm of confusion, concern and condemnation on both sides of the Atlantic on Thursday as he ordered an unprecedented ban on most travel from Europe, in his first major move to protect Americans from the coronavirus pandemic.His unilateral decision to shut out…

Until recently, most policymakers and investors remained complacent about the potential economic impact of the coronavirus crisis. As late as the end of February, most wrongly assumed that it would have only a brief, limited, China-specific impact. Now they realize that it is generating a global shock, which may be…

The failures of socialism have been chronicled many places, from Socialism by Ludwig von Mises in 1922 to Socialism: The Failed Idea That Never Dies by Kristian Niemietz just last year. Perhaps the most contemporary failure, outside the continuing tragedies of North Korea and Cuba, is the sad example of…

Louisiana and the Netherlands are engaged in a battle against rising seas. To combat the encroaching ocean, both are dredging up vast amounts of sand to construct barriers along their respective coastlines. As a recent article in the Times‐​Picayune/​New Orleans Advocate shows, however, the Dutch are doing so at a fraction of the…

“You cannot swim for new horizons until you have courage to lose sight of the shore.” – William FaulknerA System of FearFollowing the 2008-2009 financial crisis, the pendulum of decision making swung firmly to conservatism and the avoidance of risk became the key focus for many industries and organizations. Many…