Trade War or the Third Opium War?

With the outcome of the trade war drama still up in the air, the only certain result is that we are all trade experts by now. Thus, I will spare you one more studious article on the subject, and elaborate instead on Trump’s strategic motivations, and why he is playing a winning hand. The doctrine … Continued

Decoupling, or converging to the new normal?

During the past 10 years we have heard competing narratives about the existing degree of synchronization between emerging and developed economies: from talking back in 2008 about the “decoupling” of emerging economies from the US subprime crisis, to defending the “insularity” of the US economy against foreign shocks, particularly those arising from a slowdown in … Continued