As a presidential candidate, Donald Trump campaigned on promises that would reverse years of trade liberalization. Whether or not he triggers a global trade war, his policies are undermining America’s standing as the preeminent world leader.
Is the free trade party over? Competition certainly has its losers. But the widespread discontent with globalization misses a crucial point: only more trade, not less, will reverse the slowdown in world productivity.
Who’s afraid of globalization? Everybody from Donald Trump to Bernie Sanders, it seems, and environmentalists and factory workers in between. An unlikely coalition of skeptics from across the political spectrum is driving the anti-trade movement.
China has unveiled a “win-win” policy paper to guide its approach to the Middle East. Its $1 trillion One Belt One Road infrastructure initiative will extend all the way to North Africa. But can trade buy Beijing political clout in the region?
Expansion of Israeli settlements, restriction on access to water, and land confiscation are displacing Palestinians from agricultural livelihoods they have known for centuries. But olive tree growers and backyard gardeners are refusing to surrender their heritage. This is a story of farmers under occupation.
The “Egypt The Future” economic development conference reaffirmed the primacy of the strongman in Egyptian politics. That may win the hearts and minds of some global capitalists, but will Tahrir Square revolutionaries buy it?
Europe’s response to the Greek debt crisis in 2015 exposed European cooperation and solidarity as a hollow claim. The euro has become a Greek tragedy, resulting in falling incomes, rising unemployment, and fraying social fabric. Saving the European Union may require killing the single currency.
An eye-opening report on climate change effects in Lebanon reveals the need for government to commit to save tens of thousands of lives and hundreds of billions of dollars over the coming decades, and prevent a further fracturing of society along wealth/poverty lines.
Greece’s European Union creditors showed little sympathy for the country’s financial crisis, blaming a poor national work ethic and insisting on shock therapy. But Germany had its own reasons for pressuring Athens: economic windfalls and political hegemony.
The unexpected resignation of the entire interim cabinet of Egypt on February 24 should serve as a reminder of just how acute and intricate the economic crisis is that faces the country since Mubarak's ouster three years ago.