An agreement on autos trade between South Korea and the US has ended over three years of wrangling to address an imbalance, which the US believes is heavily stacked in South Korea’s favour. While tariffs and a timeframe for their withdrawal have all been negotiated, it is the non-tariff barriers that have been central to… [Read more]
Let’s rewind two years, to a time before ‘credit crunch’, ‘quantitative easing’, ‘TARP’ or ‘staycation’ had entered the popular vocabulary. I’m talking about a time in which the term ‘currency manipulator’ was part of the zeitgeist of US-China economic relations. Today, G20 summits come and go without this phrase, which once seemed almost ubiquitous, being… [Read more]
With the onset of a severe global recession, there has been some talk that the world could experience a period of ‘deglobalisation’. First, a few quick words on globalisation. Although this has been in motion for at least a generation, the word itself only really came into widespread usage from about the mid-1990s. Globalisation differs… [Read more]