The troubles of the Turkish lira have deep roots. Turkey’s president has driven the economy into a narrow, dead-end alley.
A recent article by Joseph Stiglitz suggests that the United States runs a current account deficit because its people save too little to fund domestic investment. In fact, he may have it backwards: Americans may save too little precisely because the United States runs a current account deficit.
Some analysts say a major and direct cause of the imbalance in bilateral trade is the high level of expenditure by American consumers.
The threat of trade conflict with Americans could be good for the Chinese economy if it encourages the government to accelerate the domestic rebalancing that has been occurring since 2012.
The overlapping jurisdictions of Saudi Arabia’s governing bodies and the state’s hyper-centralized nature doom such initiatives as Vision 2030.
If it fully implements policies aimed at Russia and Iran, the Trump administration risks damaging relations with India and losing support on other issues of importance.
India is no stranger to the dilemma of money in politics, but this nexus has not been the subject of sustained scholarly attention.
Cairo is no longer a prize to be won. It is a challenge to managed through careful and, where necessary coercive diplomacy.
Don’t place bets that a divided EU can successfully navigate a delicate balancing act between a disruptive Trump and an assertive China.
Europe has concerns about China’s trade policies. But the two countries may want to unite for a more rules based global trade system.