Global Trade
115 Threads
Most in the west don't understand how "decoupling" is likely to work in practice — and the perverse unintended consequences of moving production around the world, what I call the "...
1/9 "'Every night I ask myself why all countries have to base their trade on the dollar,' Lula said in an impassioned speech at the New Development Bank in Shanghai. 'Why can’t we...
In 2007, China’s GDP was $3.55T, or 6% of global GDP. India’s $3.5T GDP today is 3.3%. India can form a meaningful pole only if it industrializes and services global needs. This ca...
1/7 "In a simulation exercise, the IMF said the long-term efficiency costs of the world shifting towards economic blocs with greater investment barriers at borders would be large....
1/8 Martin Wolf is worried that if the US and others turn against the current trade regime, the world will lose the benefits free trade brings, but I think it has been a long time...
There's far too much talk around these parts about how the dollar will be vanishing from global trade imminently, but the reality is this is a process that takes decades. First, t...
BRICs is building a new digital global trading system What will this be? How will currency be issued? Fiat is by debt oblidation Crypto is pyramid Global Commodity Backed Digit...
#MintPlainFacts | As global growth began slowing last year, #India's exports growth — a silver lining during the pandemic-hit years — began decelerating sharply. (@_pragyaa report...
🚩 It's 421 years since the founding of the Dutch East India Company (VOC) - the world's first multinational mega-corporation, founded in 1602! It played a crucial role in global tr...
1/4 Russia is increasingly using the RMB to denominate trade, mostly because it has no choice, but it is a mistake to refer to this as "dedollarization. Russia's actions have no ne...
Despite European, North American and Japanese companies exiting Russia over its actions in Ukraine, the impact on Russian consumers is minimal, although delivery times can be longe...
“The end of modern globalization may owe more to the fortunes of the U.S. dollar than Kremlinologists, Sinologists or military analysts acknowledge.” https://t.co/YppZbCGvNa https:...
1/7 @yanisvaroufakis makes some very important points here. China's success in manufacturing has been heavily dependent on the willingness of the US to absorb the consequences (thr...
"In a serious economic battle, the U.S. wins. There is no question about it..."👇🏼 https://t.co/QftCN7Y6TY This was Washington Post's prediction in 2018. But now... CNN: "US-China t...
@Molson_Hart @ChrisGuthrie And that means Tesla basically MUST source from Chinese companies for parts - which was exactly what Tesla did. Now China produced Teslas are almost 100%...
🇬🇧 Gibson's Weekly S&P Report 3 February 2023. “Vibrant Vintage” 🧵 From what we see on page 1, the Russian shadow fleet continues to expand with vintage ladies... cc: $DHT $EURN...
It is a bit hard to believe that any story involving China has been underreported, given China's large role in the global public debate. But China's transformation into a major au...
Autos --and transportation equipment more generally -- has been one industrial sector were China wasn't a hub for global supply. Cars made in China used to stay in China ... No...
1/6 Janan Ganesh says that what he sees as a resurgence of protectionism initiated by deficit countries is an ideological concession from the west that international relations are...
I've often described it as a successor state of Mughals- extreme wealth concentration, no middle class, rent seeking military that consumes most of the resources. But in modern ti...
🧵In the last month, the WTO ruled that 🇺🇲 had violated trade rules in two separate cases. This little reported event has significant implications for the global trade and economic...
After China+1, global corporations now mull over ‘Minus China’ Global companies aren’t talking about Minus China as openly as China Plus One because most fear that making such sta...
#Davos2023 | General feeling is that the worst is over for the global #economy. Need continued #expansion in #infra funding, says Sanjiv Bajaj, President, Confederation of Indian I...
1/6 Good article by @greg_ip on the gradual sidelining of the WTO as the arbiter of trade. The heart of the problem seems to be the WTO’s inability to discipline a very wide range...