The economic theory of comparative cost advantage is more akin to natural law – it can’t be wished away. And during the ongoing trade war ignited by Donald Trump, it has never been more relevant.
Since China stopped importing ‘foreign garbage’ in March 2018, scrap – especially plastic – has built up in the US. Will this shock trigger long-overdue investments in plastic recycling here?
Crazy Rich Asians is an entertaining film, but also has been a long time coming. The struggle for Asian representation in Hollywood and Broadway started more than 55 years ago.
The president says he’s fighting his trade war because a generation of free trade has failed working-class Americans. An economist explains why tariffs will only make things worse.
Vladimir Putin may well have something on Donald Trump. But their close ties could also be about oil prices and Trump’s efforts to get Russia to ends it alliance with China.
The Trump administration’s promise of $12 billion in aid to offset losses from retaliatory tariffs will not make up for the long-term consequences of a prolonged trade war.
Almost 30 years ago the world responded to the realisation that our ozone layer was in trouble. The resulting Montreal Protocol was a rare example of global cooperation, but there’s no room for complacency.