Category Archives: Political Economy

Tiptoeing to Freer Markets – China and the Shanghai Pilot Free Trade Zone

Shanghai Waterfront

  I apologize to all those who regularly read these posts.  They have, unfortunately, failed to be regular recently. But I have been out there in the wide world – first in Russia at the St. Petersburg Summit and all … Continue reading

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“Creeping Urgency” Still

    The New York Times article today, “Leaders Say the They Expect Agreement on Aid for Spanish Banks This Year.” called leaders decision-making as “creeping urgency”.  So where are European Leaders?  Well kinda where they were months ago.   … Continue reading

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Local or Global

Notwithstanding the mandate (?) the G8 – or more likely the G7  leaders – expressed concern over the consequences of a continuing debt crisis in Europe especially in Greece.  Apparently President Obama raised concern over the decline of the euro … Continue reading

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Meanwhile – The Beat Goes On

My last blog post The Inflation Tiger Rising concerned the rising tide of inflation in the BRICS countries – and the government efforts in China and Brazil to rein inflation in. This post examines the other side of that coin … Continue reading

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The Inflation Tiger – Rising

The announced inflation rate for China signaled again the emergence of inflation as a serious global economic issue.  At the moment it lies principally with large emerging market countries notably in China, India and Brazil. The Chinese government has targeted … Continue reading

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Step by Step – Building Global Governance

So the G20 Finance Ministers and Central Bankers met this weekend in Paris to coordinate efforts on the question of global imbalances.  Overcoming the deep skepticism in the global financial press especially, it appears the meeting took the first step … Continue reading

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The ‘Drug’ of External Trade

Notwithstanding the assurances from China on exchange rate and valuation, the current account surplus that was just announced by the Chinese government has jumped dramatically.  In a WSJ article it is reported that China’s second quarter surplus was $USD72.9 billion … Continue reading

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The BRICs work on lending to nations in distress

Since January the IMF has been working on the issuing of a first bond issue.  The bonds would be denominated in SDRs, with a maturity of 1 year and offered to Central Banks. Speculation has been rife for some time … Continue reading

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The Bad News Continues

This week finance ministers are meeting at the International Monetary Fund (IMF) and the World Bank (WB).  In advance of the meeting the IMF release a Report yesterday that raised the total projected losses from the global financial crisis to … Continue reading

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A Crowded World

The first Leaders G20 is now history.  A communique of marked substance was released  This to the good.  Former Canadian Prime Minister Paul has taken some pride announcing that this was the first G20 Leaders meeting – what he’d called … Continue reading

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