In The News

Free Trade’s Underlying Condition: Reuters

John Foley April 7, 2020
Individuals tend to panic and hoard during a crisis. The same is true for nations that must distribute protective equipment during the COVID-19 pandemic with globalization, reliable supply chains fall by the wayside. With demand running high for protective masks, the US president ordered 3M to supply US markets before Canada and Latin America.“The $80 billion company protests, pointing out that...

Global Pandemic Strategy: Project Syndicate

Josep Borrell April 5, 2020
The world confronts a common enemy in COVID-19, and choices made today will shape individual communities and the world in the months and years ahead, explains Josep Borrell for Project Syndicate. A natural instinct is to fend for one’s self. “Going it alone all but guarantees that the fight will last longer, and that the human and economic costs will be far higher,” he writes. “Although the enemy...

Limits on Medical Gear Exports: PIIE

Chad P. Brown March 25, 2020
Nations scramble for protective medical gear to prevent infections and a breakdown of health systems. Masks, gloves, gowns and ventilators are in short supply. The European Union announced export restrictions on some supplies, limiting EU sales to countries outside the bloc. “Europe’s actions could be self-defeating,” reports the Peterson Institute for International Economics. “They may disrupt...

Everyone Suffers From Oil-Price War: Economist

March 20, 2020
After Russia refused to reduce oil production in Vienna in early March, Saudi Arabia as de facto leader of the Organization of the Petroleum Exporting Countries, decided to produce more crude oil as a counterattack. Saudi Arabia announced that daily production would unprecedently increase to 12.3 million barrels per day in April, 25 percent more than it produced in February. Following that,...

China Everywhere: Times of India

Nayan Chanda March 9, 2020
COVID-19 has fueled a slowdown in travel, trade, economic growth and globalization yet globalization is far from dead, suggests Nayan Chanda, founding editor of YaleGlobal Online. “[A]mid all the recent sound and fury against globalisation, the global economy itself has grown ever more enmeshed.” Chanda warns of challenges in delinking and adjusting globalization’s many ties. China’s share of...

Medicine Shortages? South China Morning Post

Simone McCarthy March 4, 2020
China has ordered closures of businesses and schools to prevent the spread of COVID-19. “As the world’s top producer of active pharmaceutical ingredients, … China’s disrupted factory output has the potential to upset global supply chains, and regulators have been watching with concern,” reports Simone McCarthy for South China Morning Post. The US Food and Drug Administration named 20 drugs with...

Brands Accused of Using Forced Chinese Labor: AFP

March 2, 2020
Human rights advocates have long criticized China for detaining about 1 million Uighurs for reeducation. The Australian Strategic Policy Institute reports that China has transferred about 80,000 Uighurs to factories around the country behind 80 global brands including Apple, BMW, Gap, Huawei, Nike, Mercedes-Benz, Samsung and Sony. “Companies using forced Uighur labour in their supply chains could...