Trade & Investment
KUALA LUMPUR, Malaysia, Jan 12 2021 (IPS) - The incoming Biden administration is under tremendous pressure to demonstrate better US economic management. Trade negotiations normally take years to conclude, if at all. Unsurprisingly, lobbyists are already urging the next US administration to quickly embrace and deliver a new version of the Trans-Pacific Partnership (TPP).
MEXICO, Oct 29 2020 (IPS) - Greatly affected by the coronavirus pandemic, international trade can play a key role in the economic recovery, but it must overcome obstacles, such as protectionism and commercial disputes, especially between the United States and China.
KUALA LUMPUR, Malaysia, Oct 13 2020 (IPS) - Milton Friedman was arguably the most influential economist of the second half of the 20th century, associated with promoting ‘neo-liberal’, free-market, shareholder capitalism.
Friedman’s monetarist economics is now widely considered irrelevant, if not wrong, especially with the low inflation associated with ‘unconventional’ monetary policies following the 2008-2009 global financial crisis.
KUALA LUMPUR, Malaysia, Sep 8 2020 (IPS) - With many in the world experiencing declining living standards, there has been growing frustration. Many hope that progressive taxation will improve things. While some economies once had progressive tax systems, recent decades have seen regression.
KUALA LUMPUR and SYDNEY, Sep 1 2020 (IPS) - After accusing the World Health Organization (WHO) of pro-China bias, President Donald Trump announced US withdrawal from the UN agency. Although the US created the UN system for the post-Second World War new international order, Washington has often had to struggle in recent decades to ensure that it continues to serve changing US interests.
KUALA LUMPUR, Malaysia, Mar 11 2020 (IPS) - The US is currently still in a stock market bubble which, if history is any guide, is likely to end, as argued by Thomas Palley. While President Trump would, of course, like to sustain it to strengthen his November re-election prospects, the Covid19 black swan is already showing signs of pricking the bubble
SYDNEY and KUALA LUMPUR, Feb 25 2020 (IPS) - Meeting the President of the Republic of Korea in September 2019, President Donald J Trump bragged that the “US economy is the envy of the world”. Trump reiterated such claims in his State of the Union address in early February, hailing his own policies with typical humility.
STOCKHOLM / ROME, Jun 17 2019 (IPS) - A friend of mine who became wealthy as an art dealer but eventually lost his fortune told me: “Money isn´t everything, but it helps.” This made me think of Donald Trump, who likes to describe himself as an entrepreneur, i.e. ”owner of a business enterprise who, by risk and initiative, attempts to make profits.”1 The keyword is profits. According to Trump, success is measured through wealth. Like chess and poker, entrepreneurship is about winning and losing. Trump characterizes people he dislikes as losers, while he considers himself to be a winner.
IPS Daily Report
