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  Human productivity has increased manyfold through technological advances, creating widespread prosperity. The resulting scientific and technical progress and innovation is mostly found in the developed world, yet even less affluent parts of the global population today can afford consumption and an ease of life which in the past was reserved only for the very […]

  Global trade relations have recently shifted, as protectionism threatens to dominate an increasingly interconnected world. United States President Donald Trump’s April announcement of import trade tariffs has rattled economies worldwide, casting a long shadow over trade and raising concerns about the future of cooperation. Regional trade blocs are adjusting their strategies amid this shifting […]

  The direction of the world economy is unclear. Geopolitical crises may disrupt supply chains (wars in various parts of the world), financial overhangs need resolute answers (public debts and interest-rate manipulation) and self-inflicted wounds (United States President Donald Trump’s preference for confrontational approaches, with occasional second thoughts) sometimes generate unpleasant surprises. Previously, governments responded […]

  The decision by the administration of United States President Donald Trump to formally withdraw the U.S. from the Organisation for Economic Co-operation and Development’s (OECD) global tax agreement marks a turning point in international tax coordination. The move, however, is not a surprise. Congressional Republicans and President Trump have never supported the OECD’s Inclusive Framework. […]

  Uncertainty over tariffs and federal spending have characterized the first few months of the second Donald Trump presidency. Since taking office, the Trump administration has instituted various tariffs targeting Canada, Mexico, China, the European Union and countries worldwide. This saga has led to speculation about the prospect of an “External Revenue Service,” “to collect tariffs, duties […]