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In Europe, World economy 15th November 2018

What to expect from US-China Trade War? Some ideas from a European perspective

Alicia García Herrero | 2018 will be recalled as the year in which the US wake up to China’s economic power through a trade war. The question to ask ourselves now is how this may affect Europe. The first issue to realize is that European and US exports into China are very similar, which points to a potential substitution of American products in the Chinese market but also the other way around, namely substituting Chinese exports into the US by European ones.

Cities are leading refugee integration efforts

World economy 11th November 2018

Cities Are Leading Refugee Integration Efforts

A report from IRC and Citi examines efforts of more than 20 cities spanning four continents to build inclusive communities. For example, it highlights that many cities are already allocating resources to support displaced populations and bolster integration.

How much value have technological advances created?

World economy 10th November 2018

Is the Internet Increasing Or Decreasing Productivity?

Atul Singh | How much value have technological advances created? On one side are internet bears who point out that productivity has been falling and the internet is not a big a deal. On the other side are internet bulls who argue that the internet has unleashed a new wave of productivity that is not captured by current measures accurately.

Two economic policies likely to change with Democrats in control of House

World politics 7th November 2018

Two Economic Policies Likely To Change With Democrats In Control Of House

Steven Pressman via The Conversation | Perhaps the biggest surprise in the midterm elections was that, unlike 2016, there wasn’t one. Polls and pundits expected Democrats would take control of the House and Republicans would keep the Senate, and that’s exactly what we’re getting. The likely result: two years of congressional gridlock on economic policy, which requires both houses of Congress to agree on the same legislation. So, we can expect that the status quo on economic policy will mostly prevail.

President Trump is right: The Federal Reserve is a big problem

World economy 2nd November 2018

President Trump Is Right: The Federal Reserve Is A Big Problem

The Federal Reserve is more or less protected from the demands of political parties. But what about the influence from ‘special interest groups’ such as the banking industry on Fed policymaking? “There is hardly be any doubt that the Fed caters, first and foremost, to the needs of commercial and investment banks, ” says a report from Degussa.