Tag: Globalization

The US Massively Underestimates the Trade War Blowback

Yves here. Even though most readers know the general point very well, that US trade and financial sanctions haven’t brought targets to their knees, and had instead pushed them to find allies, but it’s useful to have detail to flesh out the story. There are some bits one can quibble with, like the “annexation of […]

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Richard Murphy: Brexit Yellowhammer Is Wrong, but That Doesn’t Mean We Should Ignore It

Yves here. Even I am suffering a bit of Brexit fatigue. So many momentous things are happing that it’s easy to become desensitized. But some things, like the Yellowhammer “Reasonable Worst Case” document, turn out to be damp squibs. If you’ve been following Brexit, this document’s take isn’t that surprising, although it does have a […]

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Who’s Responsible for the Ecocide in the Amazon

Yves here. This post makes what may seem to be a basic point about the hidden hand of ideology and corporate backers, but it is interestingly often lost. Plus the “ecocide” frame is important. By Juan Manuel Crespo, an Ecuadorian sociologist, political scientist and photographer. He is engaged in action-oriented social research at the Institute […]

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FabScrap Tackles Fashion Waste

Jerri-Lynn here. FabScrap’s effort to reduce fashion waste advances sustainability in this notoriously dirty, fossil fuel guzzling industry; refreshingly, it’s not a simple PR greenwashing exercise. See my recent Waste Watch: Big Fashion Embraces Sustainability? Ha!, for context and background, on the overall state of play, at least at the big fashion level, notwithstanding this […]

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R.I.P. Immanuel Wallerstein, Sociologist and “World Systems” Theorist

By Lambert Strether of Corrente Immanuel Wallerstein, author of The Modern World-System (Volume I, 1974[1]), Historical Capitalism (1983), The Decline of American Power (2003), and 33 other books, died on August 30 of this year. He was 89 years old. Oddly, or not, although he was a Senior Research Scholar at Yale, was head of […]

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Wolf Richter: World Trade Skids for First Time Since Financial Crisis

By Wolf Richter, a San Francisco based executive, entrepreneur, start up specialist, and author, with extensive international work experience. Originally published at Wolf Street. Exports by China, Japan, and Eurozone under pressure — in part because of globally weak demand for new vehicles, which transcends the trade war. World trade volume – a measure of […]

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Trump’s China Trade War Gaslighting: Will There Evah Be a Deal?

Trump has been up to what he seems to like to do best: whipsawing those who might be affected by his plans. On Friday, he put Mr. Market and huge swathes of Corporate America in a tizzy by retaliating against China’s tariff increases. China announced that it would impose new tariffs on $75 billion of […]

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Immigration, Fear, and Public Spending on Security: The Italian Example

Yves here. How a rise in immigration drives perceptions of risk. By Vincenzo Bove, Professor of Politics and International Studies, University of Warwick,Leandro Elia, Assistant Professor in Economics, Marche Polytechnic University andMassimiliano Ferraresi, Research Economist, European Commission. Originally published at VoxEU Between 2014 and 2017, more than 600,000 migrants crossed the Mediterranean and took up […]

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Removing Mini-Shampoos from Hotel Rooms Won’t Save the Environment

Yves here, It’s disheartening to see how many corporate pro-environment measures are greenwashing, and worse, how few environmentalists demand better. By Yossi Sheffi, Professor of Engineering; Director of the MIT Center for Transportation & Logistics, Massachusetts Institute of Technology. Originally published at The Conversation InterContinental Hotels Group will replace mini-shampoos and conditioners with possibly more […]

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Trump Never Had a Grand Strategy for China: They Were Just Tariff Tantrums

By Marshall Auerback, a market analyst and commentator. Produced by Economy for All, a project of the Independent Media Institute President Trump has delayed the new tariffs he threatened to impose on Chinese imports in the early fall, and exempted some other Chinese imports altogether. The de-escalation of the Sino-U.S. trade war is especially welcome, given the […]

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A New Assessment of the Role of Offshoring in the Decline in US Manufacturing Employment

Yves here. While this paper confirms what I suspect are most readers’ intuitions about offshoring, it’s nice to have it made official. By Christoph Boehm, Assistant Professor of Economics, University of Texas at Austin, Aaron Flaaen, Senior Economist, Research and Statistics Division, Federal Reserve Board, and Nitya Pandalai-Nayar, Assistant Professor of Economics, University of Texas […]

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Brexit: According to Script

Aside from Boris-Johnson-generated noise, like his People’s PQMs, Brexit is evolving, or devolving, on the trajectory predicted by our insightful readers. Specifically, vlade and others anticipated that the only viable route for Parliament to obstruct Johnson’s crash-out plan was to win a vote of no confidence, then use the 14 day period in which Parliament […]

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Inflation Data Shows Tariffs Are Not a Tax on Consumers but on Foreign & US Corporations

Yves here. It has been reported in venues like the Financial Times that importers who would face increased costs from tariffs on China were taking steps so as not to increase prices to customers, which includes making their suppliers give better prices and eating some costs too. With profit share at a record high level […]

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Bretton Woods Institutions: Enforcers, Not Saviours?

By Anis Chowdhury, Adjunct Professor at Western Sydney University & University of New South Wales (Australia), who has held senior United Nations positions in New York and Bangkok, and Jomo Kwame Sundaram, a former economics professor, who was Assistant Director-General for Economic and Social Development, Food and Agriculture Organization, and who received the Wassily Leontief […]

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Australia Debates: Communist Party China the New Nazi Germany?

Yves here. The headline is plenty provocative, but as the post indicates, this idea has become a hot topic in the Intelligence Committee in Australia’s Parliament, and Australia has reason to be attentive. Before you consider the point of view to be hyperbolic, consider this take from an ex-McKinsey colleague: I’ve been to China often, […]

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What Plunging Global Semiconductor Sales Says About Autos, IT & How the Economy Reacts to Uncertainties

By Wolf Richter, publisher of Wolf Street. Originally published at Wolf Street Global chip sales plunged 16.8% in June from June last year, to $32.7 billion, on a three-month moving average basis, and are down 22% from the peak in October 2018, according to the World Semiconductor Trade Statistics today. As deepest and most relentless […]

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Mr. Market Swoons as Trump Administration Escalates Trade War with China With “Currency Manipulator” Charge

It was hard to miss that Mr. Market had a bad day on Monday as a result of China setting the level of the renminbi about 1.5% lower, below 6.90, in response to the Trump Administration announcing plans to slap 10% tariffs on $300 billion of goods as of September 1, in addition to the […]

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Mark Blyth’s Incisive Post-Crisis Takedown: “A Brief History of How We Got Here and Why”

Mark Blyth, the Brown political scientist of “The Hamptons are not a defensible position” fame, has a must-watch video of a presentation, A Brief History of How We Got Here and Why, which we’ve embedded below. We’re featuring it despite the lack of a transcript. Even though Blyth presents a fair bit of detail that […]

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