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Post #1 (Sept. 25,2018)-Argentina's Sinking Economy

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Post #1 (Sept. 25,2018)-Argentina's Sinking Economy

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https://www.economist.com/the-americas/2018/09/22/argentinas-president-struggles-with-a-sinking-economy

Argentina's economic failure caused by plunging currency, influenced banks to increase interest rates by 60%, causing the government to receive a huge loan from the IMF. With new policies in play Mr. Macri hopes to reset their economy and get the government back to a balanced budget.
I find this article relevant due to our previous reading of the Globalization project and the IMF. Argentina's debt is coming at the cost of its civilians and the poor. In order to pay off these huge debts they must pay high interest rates, resulting in tax on exports and reduced subsidies.

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Post #2 (Sept. 30, 2018)-U.S. Trade Policy for All

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Post #2 (Sept. 30, 2018)-U.S. Trade Policy for All

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https://www.foreignaffairs.com/articles/2018-06-26/trade-policy-all
With the current U.S. Trade policy, the elites are only getting richer and the institutions in play are set up to benefit them even more. This article describes a "Trade Policy for All" one that redistributes within trade and insists our policy making institutions need reform.
The relevance of this article is due to our reading by McMicheal- "Instituting the Globalization Project". The liberalization of markets has increased productivity but cost economic and social disparities, like environmental stress and displacement on the American people. The unequal distribution to the wealthy causes communities to depend on exports.

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Post #4 (Oct. 12, 2018)- What would it take for North Korea to join the IMF?

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Post #4 (Oct. 12, 2018)- What would it take for North Korea to join the IMF?

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https://www.bbc.com/news/business-45662339
North Korea's non-transparent economy faces many challenges before they can become part of the global economy. With old data collection, no infrastructure (as big as the regime itself), and corrupt politics they must open themselves up to the IMF before they join. This article relates because North Korea wants to merge into the global economy, but in order to do so they must share economic info., deregulate foreign exchange and push policies for trade.Due to previous nuclear programmes and human rights abuse North Korea has been economically cut off. As we all know IMF and World bank are no strangers to human rights violations.

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Post #7 (Oct. 29, 2018)-  10 Years After the Crash

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Post #7 (Oct. 29, 2018)-  10 Years After the Crash

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https://www.economist.com/books-and-arts/2018/08/02/ten-years-after-the-financial-crisis
Ten years after the global economic crises our government has still failed to deal with the real core issue and the failure of political leadership has since continued. Interests rates continue to be low for government and corporate borrowing. In relation to the video "Inside Job", the Financial sector remains unchanged with banks now holding more power and high bonuses. Although our financial institutions and politics refuse to change; one thing has, and that is the public's mood. We now question whether the markets can be self regulating and efficient; most importantly whether the central banks will be able to save our economy this time.

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Post #8 (November 13, 2018)-Global Economy Under Threat

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Post #8 (November 13, 2018)-Global Economy Under Threat

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https://www.bbc.com/news/business-44711257
With the trade wars increasing between the U.S., EU and China, they continue to pass more and more trade restrictions. The WTO warns that they are putting the current system of agreed trade rules at jeopardy which can lead to high prices and loss of jobs. Oxford economists predict that if this continues it will cut global growth by 0.4%. In relation to our article by Porter, Trump insinuates that the current trade rules discriminate the U.S. and more trade barriers will support growth and jobs, in which the WTO strongly disagrees. It is now time for the G20's to reduce the situation and increase trade recovery.

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Post #3 (Oct. 3, 2018)- Globalization is Not in Retreat

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Post #3 (Oct. 3, 2018)- Globalization is Not in Retreat

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https://www.foreignaffairs.com/articles/world/2018-04-16/globalization-not-retreat
Technology has now set the stage for a new phase of globalization. It has given small companies the opportunity to compete with multi-national corporations. With cross border financial flows decreasing by 2/3 the focus of trade has switched from economic benefits to job loss, dislocation, deindustrialization and inequality. Relating to Friedmans- "Flat World" statement ; "The playing field is being leveled", this new stage is turning our world into a size tiny. The bubble era has allowed technology to changed the way countries globalize. The everyday person now has access to resources with out having to go thru multi-national institutions.

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Post #6 (Oct. 23, 2018)- Russia and China Hit Back at Trump Tariffs

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Post #6 (Oct. 23, 2018)- Russia and China Hit Back at Trump Tariffs

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https://www.bbc.com/news/business-44742714
Trump recently imposed a tariff on $34 bn worth of Chinese goods and  U.S. steel and aluminum in an attempt to protect U.S. jobs and unfair trade of American technology and intellectual property. In response China and Russia have also implemented tariffs of its own. As stated by Bejing, Trump has started "the largest trade war in economic history." In relation to our reading by Eduardo Porter, Trump can impose these tariffs but he must be ready for the consequences. Russia, has now announced extra duties on U.S. imports and began making some of its own equivalent products. Li Keaiang declares that China would never begin a trade war by establishing tariffs unless their development is at risk.

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Post #9 (November 13, 2018)-Backlash to Globalization

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Post #9 (November 13, 2018)-Backlash to Globalization

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https://www.foreignaffairs.com/articles/united-states/2018-11-09/bogus-backlash-globalization?cid=int-flb&pgtype=hpg
Many people are starting to doubt the benefits of globalization. With the election of Trump, who is particularly against trade and immigration; the withdrawal from from globalization can most certainly hurt us more then help. Although we cannot deny the significant benefits that the elites receive from globalization, we must look at the impacts withdrawal can have on our average American. Supported by our previous class readings, Basso and Peri (2015) concluded that increased immigration labor either increased native wages or had no impact on them. Before we criticize globalization we must weigh our pros and cons

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Post #10 (Nov. 16,2018)- The Next Capitalist Revolution

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Post #10 (Nov. 16,2018)- The Next Capitalist Revolution

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https://www.economist.com/leaders/2018/11/15/the-next-capitalist-revolution
The public opinion of capitalism has shifted over years. Once promising everyone growth and jobs has now decreased competition, prevented new innovations and rigged the system to benefit the people in power. New entrants into the field have been declining and productivity growth has shown to be weak. People are stating it is now time for a competition revolution in the markets. With markets now owned by few major companies it prevents competition which keeps prices high.This article offers three approaches, data and property regimes, decrease barriers to entry, and updated antitrust laws. These approaches can encourage rise in productivity and gives consumers more variety.

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Post #5 (Oct.15, 2018)- How to Market a Country

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Post #5 (Oct.15, 2018)- How to Market a Country

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https://www.bbc.com/news/business-45263511
Nation branding offers underdeveloped countries an opportunity to expose yourself to the world. The best example of this would be Chile; promoting stability, geographic diversity and character of the people. They must rebuild their image to promote investors. In relation to FDI Chile has increased $4.3 bn to $30 bn in just nine years, and expanded over sea investment. Although Chile has improved, we must also acknowledge that they ended an era of dictatorship and become an open democracy with an open economy to the world. To grow an economy Anholt states that a country should, "contribute to the well-being of the world beyond its' borders".