Most reports about globalization in recent years have focused on its problems, such as declining levels of trade and the abandonment of “mega-regional” trade agreements. Indeed, US President Donald Trump has now terminated the Trans-Pacific Partnership (TPP) – a trade deal among a dozen Pacific-rim countries, including the United States and Japan; and negotiations on the Transatlantic Trade and Investment Partnership (TTIP) between the US and the European Union have come to a halt
As with any human interaction, international relations, whether economic or political, is a combination of cooperation and competition. The “cooperation” part benefits all involved, whether by sustaining world peace or boosting growth and prosperity through free trade. The “competition” part creates serious risks, from economic impediments to war and environmental destruction. So why don’t countries cooperate more?
As the world’s financial leaders gather for the International Monetary Fund and World Bank spring meetings, many working people around the world are demanding radical change, because they sense that their voices are not being heard. Those who are supposed to represent them should not ignore this anger and frustration any longer
It's no secret that a number of the members of the annual Forbes Billionaires list are aiming for the stars. Just Google "billionaire space race" and you will find a wealth of articles touching on the billionaires dreaming big
After a long and slow recovery from the recession that began a decade ago, the United States economy is now booming. The labor market is at full employment, the inflation rate is rising, and households are optimistic. Manufacturing firms and homebuilders are benefiting from increasing activity. The economy is poised for stronger growth in the year ahead. We no longer hear worries about secular stagnation