International economics

Europe is not behind China and the US in 5G technology

The past months, dominated by news about the current trade and tech war between the US and China, have generated a strong public perception in Europe that the Old Continent has dropped behind China and the US in 5G, the key technology for the Internet of things (including self-driving [...]

Is Sri Lanka caught in China’s ‘debt trap’? A view from the ground

Last week I had the opportunity to visit Sri Lanka thanks to an invitation from the Bandarainaike Centre for International Studies, based in Colombo, and the Chinese Embassy in Sri Lanka. It was obviously an exercise in public diplomacy by the Chinese Government. The official aim of the exercise [...]

Global Spectator, by Andrés Ortega Trump against the future of China

It is not only a question of trade deficits or repatriating companies and jobs to the US. The main and most strategic reason for the war being waged by the Trump Administration on Beijing is not trade but halting, or at least containing, China in its race for technological [...]

In the antechamber of a multi-front trade war

The US president, Donald J. Trump, has extended the deadline given to the European Union (EU) by one month, until the beginning of June, before applying the announced tariffs on steel and aluminium imports, which he claims represent a threat to national security. This has allowed for the intense [...]

Global Spectator, by Andrés Ortega New protectionism, less investment?

Although the world has not emerged unchanged, given the oddly lethargic ‘recovery’ –we may indeed have entered what Larry Summers has dubbed ‘secular stagnation’–, the Great Recession that began in 2008 has passed and gone without having seen a major wave of protectionist measures, in contrast to the events [...]

Global Spectator, by Andrés Ortega The western middle classes: decline, stagnation or rise?

The decline of a section of the middle classes in the west could be behind the electoral upheaval and the growth of populism in a large number of societies, but what is the truth of the matter? And if it is the case, what accounts for it? Globalisation? Technology [...]

Italy’s best solution: private interest with a side of public bailout

If the United Kingdom’s vote to leave the European Union was the entree, let Italy’s spoiled banking system be the bitter dessert. Shares of Italian banks plummeted after the June 23 Brexit vote and have fallen 57% since this time last year. At the center of Italy’s bank problem [...]

Brexit talk is pushing the City of London closer to Frankfurt

My five years as a PhD student, first in Oxford (Brookes) and then as a post-doc at LSE, have told me that the smart people from the UK, especially those working in the City, see the Euro project thus: European Economic and Monetary Union (EMU) is like a ship [...]

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