International Economics: IB Economics
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International Economics: IB Economics
A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by Graham Watson
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Scooped by Graham Watson
April 18, 2021 3:27 PM
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The world needs a patent waiver on Covid vaccines. Why is the UK blocking it? | Vaccines and immunisation | The Guardian

The world needs a patent waiver on Covid vaccines. Why is the UK blocking it? | Vaccines and immunisation | The Guardian | International Economics: IB Economics | Scoop.it
Letting countries create their own generic versions of the jabs is the best way to combat the spread of vaccine-resistant variants, says Gabriel Scally of Independent Sage
Graham Watson's insight:

Another article making the case for waiving intellectual property rights on Covid vaccines - it's a compelling case in terms of fairness - and if you listen to people like Alex Tabarrok - on economic grounds too. 

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Scooped by Graham Watson
January 10, 2019 3:21 PM
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Trade war: Three things the US and China will never agree on

Trade war: Three things the US and China will never agree on | International Economics: IB Economics | Scoop.it
Fixing the trade dispute between Beijing and Washington requires radical compromises from both sides.
Graham Watson's insight:

Karishma Vaswani focuses on the notion that the US and China re nearing agreement on how to end their trade dispute, arguing that any deal is unlikely because of three apparent irreconcilable issues: intellectual property rights, market access and the 'Made in China 2025' campaign that looks at developing Chinese competitors in high tech sectors, like aviation and superconductors. 

 

On this basis alone, she sees complete agreement as highly unlikely at the moment. Let's see if she's right. 

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Scooped by Graham Watson
November 2, 2018 6:31 AM
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US indictment accuses Chinese firm of stealing trade secrets

US indictment accuses Chinese firm of stealing trade secrets | International Economics: IB Economics | Scoop.it
Charges are filed as the US says Chinese economic espionage "has been increasing rapidly".
Graham Watson's insight:

One of the interesting aspects of the ongoing US-China trade war is the way that it shines a light on longstanding areas of disagreement. In this case it's intellectual property rights - and the issue is complicated by the fact that "Micron sued both Fujian Jinhua and the Taiwanese company United Microelectrics Corp for stealing trade secrets."

 

And it's even more complicated by the fact that Fujian Jinhua is state-owned.

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Scooped by Graham Watson
March 22, 2018 4:25 PM
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Trump reveals $60bn of fresh tariffs on China as EU wins reprieve | Business | The Guardian

Trump reveals $60bn of fresh tariffs on China as EU wins reprieve | Business | The Guardian | International Economics: IB Economics | Scoop.it
US president calls on Brussels to respond in kind to temporary amnesty, while move against Beijing hits stock markets
Graham Watson's insight:
More on the latest round of tariffs imposed by the US, this time against China. I love the fact that the President argues that the "US trade deficit with Beijing was out of control at about $504bn" without accepting any Us responsibility for this. 

I'm a simple fellow. However, I suspect that this particular trait is a long-standing one as far as the President is concerned. 
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Scooped by Graham Watson
February 6, 2019 2:43 AM
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State of the Union: Trump vows to end China's job 'theft'

State of the Union: Trump vows to end China's job 'theft' | International Economics: IB Economics | Scoop.it
The US president says any deal must end unfair trade practices and lower US trade deficits.
Graham Watson's insight:

The President used his State of the Union address to, once again, threaten China over unfair trade practices, the theft of intellectual property and the size of the US trade deficit.

 

He may have a point regarding the first two, and legal justification too. However, I'd like to here his explanation of the third - the US trade deficit has hardly budged, even with the ongoing trade war, so perhaps much of the solution lies closer to home.

 

And as for the claim that "the theft of American jobs and wealth has come to an end", the face of Nancy Pelosi, pictured behind the President might imply that she shares my view that this might best be achieved by the impeachment of the President. 

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Scooped by Graham Watson
December 11, 2018 2:38 AM
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Apple denies iPhone import ban in China

Apple denies iPhone import ban in China | International Economics: IB Economics | Scoop.it
Chip-maker Qualcomm says it has won an injunction against Apple in a continuing dispute over intellectual property.
Graham Watson's insight:

Part of the trade war?

 

This article looks at how the Chinese authorities might have tried blocking the import of iPhones by enforcing patent law on the software associated with the phones, and how Qualcomm the chip-maker has won an injunction overturning the original order.

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Scooped by Graham Watson
September 26, 2018 2:15 AM
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Weetabix wars: New Zealand to destroy 108 boxes of British cereal | World news | The Guardian

Weetabix wars: New Zealand to destroy 108 boxes of British cereal | World news | The Guardian | International Economics: IB Economics | Scoop.it
Judge rules speciality shop must cover up labels of import in case brought by cereal firm
Graham Watson's insight:

A bizarre international trade story that highlights intellectual property rights and the complexity of branding. The New Zealand authorities have impounded and destroyed 108 boxes of Weetabix because it feels that Antipodean brand Weetbix might lose out.

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