Category Archives: Globalization

The North Korean Connections of US Billionaire Naguib Sawiris and US Defence Company Contrack Watts

US Billionaire Naguib Sawiris and his Contrack Watts, a major US defence contractor, turn out to have ties to North Korea, via an amazingly profitable mobile phone company

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Lost in Assumptions: Assessing the Economic Impact of Migrants

Yves here. This post is more important than it seems for several reasons. First, it reveals one of the dirty secrets of modeling: if you tweak assumptions within plausible ranges, you can come up with wildly different outcomes. Second, it identifies what some of these assumptions are in the now-hot-topic of whether letting more migrants […]

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The TPP as a Set of International Economic Rules

An agreement on the Trans-Pacific Partnership has finally been reached, but the full text of the agreement has not been released yet. This column looks at the new set of rules comprising the TPP and whether it deserves to be called a ‘21st century free trade agreement’. It argues that the success or failure of the 12-country pact rests ultimately on the dispute settlement procedures.

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China’s Contradictory Aims, Greater International Role Versus Domestic Economic Control, HIt Breaking Point

China appears to be in denial that it can’t have more open financial markets and maintain the same degree of control over the economy that it once enjoyed.

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