Protectionism

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…

Despite having more than 70 years of diplomatic relations, Indonesia and the United Kingdom’s trade relationship is quite minuscule. The UK receives less than 1% of Indonesia’s goods exports and Indonesia receives only 0.3% of UK exports. But if Indonesia can take advantage of the UK’s decision to leave the…

“Will this class transfer?” That’s a tricky question. It depends on so many variables. To which school? Different schools have different requirements. That’s especially true in states without strong state systems and/or with many private colleges. In which major? A math class that might suffice as a gen ed fulfillment…

The International Trade Secretary has today called for a new crack-down on unfair trade practices and protectionism at the World Trade Organization. Liz Truss hit out at “industrial subsidies, state-owned enterprises and forced technology transfer” as she made the first speech by a British minister at the WTO since the…

(Bloomberg) -- Markets have so far focused on what action central banks like the Federal Reserve, the Bank of England and the Bank of Japan might take to soothe fears about the spreading of the coronavirus and its impact on the global economy. But central ba… Read More