In The News

Go Back to RCEP: Times of India

Nayan Chanda November 18, 2019
As strong emerging economies, India and China understand smaller Asian markets. For example, India manufactures more than 90 percent of the three-wheel auto rickshaws sold in 10 Association of Southeast Asian Nations Despite such success and high expectations for the Modi government, India resists opening its economy to the Regional Comprehensive Economic Partnership, or RCEP. “After seven years...

The Age of Globalization: Dhaka Tribune

Arafat-Al-Yeasin November 13, 2019
The recent embrace of populists and protectionism reflects an overall decline in trust and worries about trade and differences in general. “Unemployment, relocation, poverty, and inequality -- for many people, these are the consequences of a process of global integration, which more and more think has gone too far,” writes Arafat-Al-Yeasin for the Dhaka Tribune. Globalization is the scapegoat,...

India Steps Back From RCEP Trade Pact: Reuters

Matthew Tostevin November 7, 2019
China has joined with ASEAN, Japan, South Korea, Australia and New Zealand to develop the Regional Comprehensive Economic Partnership, or RCEP. If successful, RCEP, could become the world’s largest trade agreement. The agreement gradually reduces tariffs and streamlines export requirements, reports Matthew Tostevin for Reuters, and “offers an incentive for companies to build supply chains within...

Russia Charms First Africa Summit: Financial Times

Henry Foy October 29, 2019
About $12.5 billion worth of deals were struck during the first ever Russia-Africa Summit, though many are memorandums of understanding that may not result in actual investments, writes Henry Foy for the Financial Times. Russia will export nuclear power plants, fighter jets and missile defense systems to African countries, an attempt to regain influence on the continent. Many of agreements focus...

Brexit Is a Cultural Revolution: Atlantic

Yascha Mounk October 27, 2019
Boris Johnson’s Brexit withdrawal agreement, similar to one proposed by former Prime Minister Theresa May, won approval in the House of Commons. Members of parliament who feared Britain would lose influence with May’s plan have higher expectations for a similar plan proposed by Boris Johnson. “The next weeks still hold a lot of uncertainty; from new elections to a no-deal Brexit, all options...

Prepare for Globalization’s End: Barron’s

Neil Shearing October 24, 2019
Globalization and increased connections through trade, travel, education and more has shaped the world in recent decades, reducing interest rates, costs and inflation. “The integration of several billion workers into the global economy has pushed down labor’s share of income and pushed up the share flowing to company profits,” explains Neil Shearing for Barron’s. “The latter has provided an...

Economic Battle of Our Time: RealClearMarkets

Allan Golombek October 3, 2019
President Donald Trump emphasized national interests, sovereignty and pride in his remarks before the UN General Assembly. Nations that avoid trade, though, could be at a disadvantage, explains Allan Golombek for RealClearMarkets. “Trade is the glue that largely holds together and fortifies the global economy,” he writes. “Unravel it, and the impact makes itself known – quickly.” With rising...