Tags » Washington Consensus

How the U.S. economy will fare under protectionism

By Raz Koroh

Embed from Getty Images

Globalization faces considerable opposition and criticism.  As tariff barriers are removed, inefficient producers of commodities such as food grains in poor countries can no longer compete with the often highly subsidized and sophisticated agribusiness, which now have new markets for their corn, rice, and wheat.  453 more words

Economics

Perspectives of the Pacific Alliance regarding other regionalization processes in Latin America

With the arrival of the Pacific Alliance on the board of Latin American integration in 2011, the balance of power in the region were altered. Since then, it is increasingly feasible the hypothesis that the Pacific Alliance is a valuable tool instrumented by its members to exercise… 808 more words

Regional Powers

What are the key elements of the US (sometimes called the ‘Anglo-Saxon’) model of capitalism? And the Alternatives?

The domination of Anglo Saxon liberal-capitalism has remained unopposed since the end of the Cold War. Being that this system was in place at the time of the fall of the Soviet Union, it was perceived that there was no other viable alternative that a society could prosper under. 860 more words

Should China let its currency float freely on the exchange rate markets?

Athena Zabidi 

In order to analyse the effects of China’s policy choices, we must consider the effectiveness of expansionary monetary and fiscal policy. Currently, China operates on a fixed exchange rate system, with strict capital controls. 452 more words

China

China's Great Stall

By Martin Wolf

The American Interest

The Republic of Korea and Taiwan are the only economies of appreciable size to have transformed themselves from low-income to high-income status inside two generations. 329 more words

INTERNATIONAL AFFAIRS

International Monetary Fund

The International Monetary Fund is one of the institutions that was born out of the Bretton Woods conference in 1944. The 44 countries at that conference sought to build a framework for economic cooperation to avoid a repetition of the competitive devaluations that had contributed to the Great Depression of the 1930s. 498 more words

Development

TPP: Refining the World Order through Trade

By David Jankowski

The centerpiece of President Obama’s trade policy, the Trans-Pacific Partnership (TPP) focuses on strengthening economic and diplomatic relationships among twelve nations along the Pacific Rim. 2,674 more words

Diplomacy