In The News

Economic Doghouse: Complaints About German Exports Unfounded

Alexander Jung, Christian Reiermann, Gregor Peter Schmitz November 6, 2013
One country’s success with exports should generate appreciation for competition and not envy, suggests a German publication. The US Department of Treasury released a report that notes “Germany’s anemic pace of domestic demand growth and dependence on exports have hampered rebalancing at a time when many other euro area countries have been under severe pressure to curb demand and compress imports...

India and China Seek Economic Integration

Neeta Lal November 5, 2013
Chinese Premier Li Keqiang and Indian Prime Minister Manmohan Singh are supporting a multibillion dollar construction corridor encompassing Bangladesh, China, India and Myanmar that could “redraw the economic and geopolitical map of Asia,” reports Neeta Lal for the Asia Sentinel. The BCIM corridor was a topic during Li’s trip to India. “’Connectivity’ is China’s new mantra and the focus of...

NHS “Can Save £500m” on Foreign Care

Nick Triggle November 1, 2013
A survey by BritishFuture.org suggests that more than 70 percent of respondents consider the National Health Service a symbol of “what is great” about Great Britain. But health care is costly, and British officials contemplate being more proactive in recouping treatment costs from foreigners. “Health Secretary Jeremy Hunt said he did not want to ‘turn GPs into border guards’ and no-one would be...

Trade: Into Uncharted Waters

Shawn Donnan October 31, 2013
The pace of global trade has slowed. “For the past three decades, trade has regularly grown at twice the rate of world gross domestic product,” writes Shawn Donnan for the Financial Times. “This year, trade is expected to grow just 2.5 per cent, compared with GDP growth of 2.9 per cent.” Economists debate whether the dip is temporary or signals structural change in global trade and supply chains...

Run Your Business From Overseas

Karen E. Klein October 28, 2013
Just as employees work remote, business owners can also operate a business from anywhere in the globe. Businessweek describes a man who ran a business that connects patients with affordable dentists in 27 nations, first from Mexico and then from Thailand. High-speed internet and free online tools like Dropbox or Skype aid remote management, explains Karen Klein. For some entrepreneurs, the move...

Exports No Longer Sole Path to Economic Rescue

Will Hickey October 24, 2013
The global economy is in flux. Emerging economies await signals of an improving US economy and for Federal Reserve plans to pull back from bond purchases on the order of $85 billion per month. Anticipating an end to those capital flows, investors began withdrawing capital from emerging markets, prompting currencies to fall in nations like India and Indonesia, explains trade analyst Will Hickey....

UK Gives Unprecedented Support to £16 Billion Nuclear Deal

Geert De Clercq, Karolin Schaps October 23, 2013
Britain signed a deal with French firm EDF and Chinese partners to build a nuclear plant, with government guarantees – going against the grain for energy privatization in Europe. It’s the first nuclear plant for Europe since the 2011 Fukushima disaster in Japan, where leakages and cleanup continue. If approved, the plant could go online in 2023. Reuters reports: “The government will guarantee it...