Adam Posen, “How Trump Is Repelling Foreign Investment”
(Foreign Affairs (metered paywall), 23 July 2018)
The president of the Peterson Institute for International Economics exposes the long-term costs of economic nationalism. In a nutshell: investments in the US are becoming less attractive relative to those in the rest of the world. This year, net inward investment into the US by multinational corporations – both foreign and American – has fallen almost to zero. This shift of corporate investment away from the US will decrease the country’s long-term income growth, reduce the number of well-paid jobs and reinforce the ongoing shift of global commerce away from the US (reads in 6-8 min).
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(Foreign Affairs (metered paywall), 23 July 2018)
The president of the Peterson Institute for International Economics exposes the long-term costs of economic nationalism. In a nutshell: investments in the US are becoming less attractive relative to those in the rest of the world. This year, net inward investment into the US by multinational corporations – both foreign and American – has fallen almost to zero. This shift of corporate investment away from the US will decrease the country’s long-term income growth, reduce the number of well-paid jobs and reinforce the ongoing shift of global commerce away from the US (reads in 6-8 min).
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Jack Ewing, “Wages Are Rising in Europe. But Economists Are Puzzled”
(The New York Times – metered paywall, 25 July 2018)
Continental Europe is one of the very few places in the rich world where workers are finally getting a bigger piece of the economic pie. In a world of discontent, this is important news, but nobody quite understands the reason why real wages are increasing. This article presents some possible explanations at a time when the relationship between growth, wages, and inflation has become much harder to understand (reads in 5-6 min).
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(The New York Times – metered paywall, 25 July 2018)
Continental Europe is one of the very few places in the rich world where workers are finally getting a bigger piece of the economic pie. In a world of discontent, this is important news, but nobody quite understands the reason why real wages are increasing. This article presents some possible explanations at a time when the relationship between growth, wages, and inflation has become much harder to understand (reads in 5-6 min).
Please click here to read the article
Chandran Nair, “Trump’s disruption of the world order”
(China Watch, 25 July 2018)
Westerners beware the end of the “old world order” is nigh! The founder and CEO of the Hong-Kong based Global Institute for Tomorrow reflects on how rising Asia could leverage its relationship with old Europe. One idea is for Europe to create its own version of the “Trans-Pacific Partnership”, “albeit one that includes China as a key partner, rather than seeking to exclude it as part of a geopolitical chess game” (reads in 4-5 min).
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(China Watch, 25 July 2018)
Westerners beware the end of the “old world order” is nigh! The founder and CEO of the Hong-Kong based Global Institute for Tomorrow reflects on how rising Asia could leverage its relationship with old Europe. One idea is for Europe to create its own version of the “Trans-Pacific Partnership”, “albeit one that includes China as a key partner, rather than seeking to exclude it as part of a geopolitical chess game” (reads in 4-5 min).
Please click here to read the article
Sam Knight, “Theresa May’s Impossible Choice”
(The New Yorker (metered paywall), 30 July 2018)
This is a long (15-20 min) but important read at a time when the UK government is envisaging the stockpiling of food and medicines in case it fails to reach a deal with the EU before it leaves on March 29. The article exposes the British PM’s current predicament: with Brexit looming, Theresa May is battling Trump, Europe, and her own party. Ever since she became PM, she’s been trying to square two conflicting demands: to respect the democratic impulse of Brexit while limiting the economic consequences – an impossible task when Brexit in any form is destined to make Britain worse off.
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(The New Yorker (metered paywall), 30 July 2018)
This is a long (15-20 min) but important read at a time when the UK government is envisaging the stockpiling of food and medicines in case it fails to reach a deal with the EU before it leaves on March 29. The article exposes the British PM’s current predicament: with Brexit looming, Theresa May is battling Trump, Europe, and her own party. Ever since she became PM, she’s been trying to square two conflicting demands: to respect the democratic impulse of Brexit while limiting the economic consequences – an impossible task when Brexit in any form is destined to make Britain worse off.
Please click here to read the article
Taffy Brodesser-Akner, “How Goop’s Haters Made Gwyneth Paltrow’s Company Worth $250 Million”
(The New York Times Magazine – metered paywall, 25 July 2018)
This is the incredible story of GOOP – a company worth USD250m that sells dubious wellness products and services. The article is long (more than 10 min) but worth reading because it reveals the extent to which the celebrity-effect can deliver value out of thin air. Gwyneth Paltrow, the movie star, has become a major player in an industry that is big business on the strength of unusual formula: the more criticized and derided she is, the more successful the business becomes…
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(The New York Times Magazine – metered paywall, 25 July 2018)
This is the incredible story of GOOP – a company worth USD250m that sells dubious wellness products and services. The article is long (more than 10 min) but worth reading because it reveals the extent to which the celebrity-effect can deliver value out of thin air. Gwyneth Paltrow, the movie star, has become a major player in an industry that is big business on the strength of unusual formula: the more criticized and derided she is, the more successful the business becomes…
Please click here to read the article
