China Needs Active Labor Policies and Easy Credit Conditions
The guessing game behind Beijing’s economic growth forecasts looks like a way to show China naysayers incompetent and their agenda ideologically biased. And incompetent they are, because China’s this year growth estimate between 4.5 percent and 5 percent is fully consistent with the country’s ...
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America’s Foreign Trade Is Responding to Policy Changes
Washington’s long overdue realignment of terms of trade with the rest of the world has not interfered with expected behavioral relationships in an open and free market economy. The GDP statistics for 2025, released February 20, 2026, show that U.S. imports of goods and services last year increased...
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The Euro Area Has No Policy Instruments to Govern Its Economy
Mainstream media can be forgiven for misunderstanding the reasons of the European monetary union’s sluggish economic growth. But it is quite a different problem when European leaders call for grandiose policy programs while ignoring structural problems that are undermining their epochal project of...
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Southeast Asia Remains the Fastest Growing Segment of World Economy
With a rapidly increasing population of 700 million, the economic growth of the trading bloc of eleven Southeast Asian nations (ASEAN) continues to advance at an annual rate of 5 percent. The group’s flexible organizational structure helps to maintain economic, political and social cohesion – wi...
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World Trade Flows Along Security Faultlines
Geopolitics have always been the main factor influencing volumes and directions of world trade. Obama administration’s “pivot to Asia” in 2011 was such a geopolitical event that reinforced existing Asian security faultlines. Ostensibly, that move was meant to increase American political and mi...
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The Euro Area Economy Is Unsettled by Politics and Fiscal Constraints
The European project of economic and political unification started out with the Treaty of Rome in March 1957 establishing the European Economic Community (EEC) and the European Atomic Energy Community (EAEC or Euratom). There were six founding member countries (Belgium, France, Germany, Italy, Luxem...
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China Is Actively Diversifying Its Foreign Trade
External sector of the Chinese economy -- the sum of exports and imports of its goods and services -- amounts to about 40 percent of the country’s GDP. By that measure, China is an important part of the world trading system, and a country whose economic growth very much depends on its overseas bus...
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The U.S. Economy Is Growing at Its Noninflationary Potential
With an increase of 2.1 percent during the first nine months of this year, the U.S. economy is moving along at a pace largely consistent with its physical limits to growth in an environment of somewhat elevated inflation pressures. Over that period, the economy was driven by a 2.8 percent growth of ...
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Foreign Trade Is an Important National Security Issue
Put simply, a country running a trade deficit shows that it consumes more goods and services than is supplied by its productive capacities. Conversely, a country with a trade surplus produces more goods and services than is consumed in its domestic markets. The next step is to see what that does to ...
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The U.S. Is Long Overdue in Resetting Its Transatlantic Relations
America’s soaring public debt and widening trade deficits have finally forced Washington to review unsustainable economic and security policies with its European allies. Trade with Europe has been a contentious issue ever since the early post-WWII years, when the new international monetary system ...
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