World economy

Free trade versus single market

PRAGUE | The EU-US trade deal will bring benefits to both sides, but will pose challenges to the internal trade for both sides, plus harm the economies of other countries, writes Martin Tlapa following the publication of a report by the Bertelsmann Foundation.

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Central banks and monetary belligerence

MADRID | All the “Great Depression” stories show how both the governments’ blindness and central banks made the crisis last longer. So it does makes sense that in the current crisis both governments and central banks have been active to take measures, although not necessarily successful and effective. However, the ECB has been less belligerent than other bankers and its members don’t hold homogeneous positions.

The US Shale Gas Rush

MADRID | By David Fernández, financial analyst | According to a JP Morgan report, natural gas prices in the US are at least 50% cheaper than in the UK and just a third of what Germans pay.

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Monetary policy for depression

SAO PAULO | By Marcus Nunes | Friedman was right to claim how easy it would have been to avoid the depression, given how easy it was to turn the economy around. Today, on the other hand, we are content with remaining ‘depressed’.

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The Implications of Diverging Monetary Policies

By Andy Xie via Caixin Magazine |  The monetary policies of major economies are diverging for the first time since 2008. The euro zone, Britain and Japan are sustaining quantitative easing, while the United States, China and other major emerging economies are on a tightening path. The divergence is creating trends in some markets, volatility and confusion in others.

U.S. losing mojo; China in a groove

By Ray Kwong | Pew Research asked nearly 38,000 individuals in 39 countries a simple question: Which comes closest to your view: China will eventually replace the U.S. as the world’s leading superpower; China has already replaced the U.S. as the world’s leading superpower; or China will never replace the U.S. as the world’s leading superpower? Depending on where you sit, their answers are surprising.

Should the Private Sector Invest in Schools?

LONDON | By Commonwealth Correspondent Osmi Anannya | Profit making companies are permitted to operate publicly funded schools in both Sweden and the USA. Private sector investment could really help here by both building and operating schools.