Month: May 2024

Trade Diversion Fixes Nothing

US trade policy is now creating more problems than it is solving. I continue to pound the table on the self-inflicted aspects of the US trade deficit and stress the unintended consequences of wrong-footed US trade policies. This runs against the grain of the...

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New Engines of Global Growth

While China remains the major growth engine in a $105 trillion (USD) world economy, I argued last week that this engine is now operating at a slower speed than we have been accustomed to. China’s peak impetus to the world economy was concentrated in 2010 to 2019 when...

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China as a Global Growth Engine?

A proud Chinese leadership has long boasted of the important role that China has played as the major engine of global growth. The numbers certainly bear that out.  Over the ten-year period, from 2010 to 2019, China accounted for fully 32% of the cumulative increase in...

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