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Mercantilism


Six decades ago, Western Europe was at its lowest. The Berlin Wall and the Cuban Missile Crisis had raised fears of war at exactly a time when the United States was occupied by a military mishap in Southeast Asia. A French boycott of the European community institutions and the decision of President Charles de Gaulle …

At the start of the pandemic, I wrote about my experience with China’s wet markets when I lived in Shanghai in the mid-2000s. Conventional wisdom at that time – and for much of the past 14 months – was that ‘they were zero point for COVID-19. It made sense: those markets had probably given rise …

06/02/2021 – The second feature film by the Bulgarian director seeks to explore the animal side in humans and the human side in animals Director Nadejda Koseva on the set Two years after its debut, Irina [+see also: film reviewtrailerinterview: Martina Apostolovafilm profile], has triumphed in various festivals around the world and was among the nominees for …

~~ ~ Small island states face unique development challenges due to their small populations and economic bases, making them particularly vulnerable to exogenous shocks. This has been the case for the small island nations of the Pacific. It should come as no surprise, then, that China’s growing political and economic presence, primarily through “development” aid, …

No one in their right mind wants another cold war, and certainly not a war with what will soon be the world’s largest economy. In poker terms, however, you could say that China is trying to play its chip stack and the world needs to react. After integrating into the global economy, President Xi Jinping …

Modern Monetary Theory (MMT) tells us that governments should finance public spending by creating money. To avoid inflation, MMT supporters say, the government should use taxes to siphon off excess purchasing power, which would allow the public sector to significantly expand its operations, thereby eliminating the scourge of underemployment. In an era of skyrocketing national …

I now reside in my country of ancestry and nationality, but not by birth, having lived decades in 10 other countries, worked in 15, on four continents. So I share some of your views (“The mythmaking of nations”, Life & Arts, FT Weekend, May 8) Since the repeal of the corn laws and the end …

The White House’s decision to waive sanctions against the owner of the controversial Nord Stream 2 pipeline and the senior executives of this company have raised strong bipartisan disapproval in Congress and the concerns of Central and Eastern European allies about the United States’ commitment to energy security in the region. President BidenJoe BidenPutin backs …

This week, the Wall Street Journal reported that three researchers from the Chinese Institute of Virology in Wuhan were hospitalized in November 2019 with “Symptoms compatible with both Covid-19 and a common seasonal illness.” This report followed a series of investigative articles by journalists such as Nicholas Wade and Donald McNeil, formerly of the New …

Author: Ka Zeng, University of Arkansas Over the past two decades, multinational corporations have invested heavily in China to reduce production costs and capitalize on the rapidly growing domestic market. In the process, they have turned the country into the world’s factory and a global supply chain hub. But the ongoing US-China trade war and …