International Economics: IB Economics
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International Economics: IB Economics
Economy
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
March 14, 2018 2:57 PM
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Trump pressure scuppers $140bn chipmaker takeover

Trump pressure scuppers $140bn chipmaker takeover | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - March 14, 2018 2:53 PM
Broadcom abandons pursuit of US rival Qualcomm two days after it was blocked by President Trump.
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Graham Watson's insight:
It seems that the President's intervention - on the basis of "credible evidence" of a threat to national security, mind you - has caused the proposed Broadcom-Qualcomm merger to collapse. 

It will be interesting to see the ramifications of this for future US merger activity involving foreign firms. This, of course, comes on the back of suggestions last week that entrepreneurs are already becoming reluctant about moving to the US. However, given the fact that the President already has all the best words, it's probably safe to assume he's got all the best people too. It's just that the never work for him for very long before they get fired.. 
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Scooped by Graham Watson
March 13, 2018 5:32 PM
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Trade war could derail global economic recovery, warns OECD | Business | The Guardian

Trade war could derail global economic recovery, warns OECD | Business | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - March 13, 2018 4:05 PM
Thinktank upgrades its growth forecast but says tit-for-tat tariffs would make international trade vulnerable
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Graham Watson's insight:
Neoclassical economists rejoice: the OECD believe that a trade war is likely to have an adverse effect upon global economic growth and possibly even derail a putative recovery.

Who would have thought that a trade war would have this effect. Everyone bar the President of the United States, it would seem. 
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Scooped by Graham Watson
March 13, 2018 3:51 AM
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Trump blocks Broadcom's bid for Qualcomm on security grounds

Trump blocks Broadcom's bid for Qualcomm on security grounds | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - March 13, 2018 3:47 AM
Chipmaker Broadcom's attempt to buy US rival Qualcomm "threatens national security", the president says.
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Graham Watson's insight:
Although this is undoubtedly a microeconomic story, about a merger, it belongs here because the broader implications about what this means for US trade polcy are, arguably, more important.

It seems that the President has a new toy: it's the defence that certain activities "threaten to impair the national security of the US"., and he has "credible evidence" that this is the case in the Broadcom - Qualcomm merger, between two of the world's largest chipmakers.

Of course, what constitutes credible evidence is open to debate, but I suspect it's largely what the President wants it to be, as most things are these days.
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Scooped by Graham Watson
March 11, 2018 1:14 PM
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US steelworkers say Trump tariff plan has appeal – 'but about 40 years too late' | US news | The Guardian

US steelworkers say Trump tariff plan has appeal – 'but about 40 years too late' | US news | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - March 11, 2018 7:34 AM
Workers in Pennsylvania, once a steel hub, are conflicted about the tariffs proposal and fear Trump could just be playing politics
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Graham Watson's insight:
So, if tariffs don't represent 'good economics', why do countries adopt them?

Here is your answer: because it benefits a narrowly defined, concentrated group and the costs are widely dispersed among many different economic agents. In this instance, US steelworkers and US consumers.  
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Scooped by Graham Watson
March 11, 2018 1:10 PM
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The war over steel: Trump tips global trade into new turmoil | Business | The Guardian

The war over steel: Trump tips global trade into new turmoil | Business | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - March 10, 2018 11:00 AM
The EU does not want the president’s tariffs to create a spiral of retaliation. But Europe is a target – and a battle looks inevitable
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Graham Watson's insight:
The Guardian considers the likely effects of a global trade war - they aren't good, although it seems that retaliation is inevitable. 
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Scooped by Graham Watson
March 14, 2018 3:39 AM
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Family help that's bigger than aid budgets

Family help that's bigger than aid budgets | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - March 14, 2018 3:37 AM
The money sent home by migrant workers is relied up on by schools in El Salvador
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Graham Watson's insight:
The BBC looks at the importance of remittances to development, highlighting the fact that, for many countries, this is now a more important source of funds that formal aid programmes. This article illustrates how El Salvador has benefit from the Salvadorean diaspora based in the United States.
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Scooped by Graham Watson
March 13, 2018 3:55 AM
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N Korea: UN draft report claims Singapore firms illegally sent luxury goods

N Korea: UN draft report claims Singapore firms illegally sent luxury goods | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - March 12, 2018 3:53 AM
The alleged violations, if proven, raise questions about how common such breaches might be in Asia.
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Graham Watson's insight:
An interesting example of the impact of a trade embargo, with the UN looking at whether two Singaporean firms have broken the embargo with North Korea, after evidence emerged of luxury imported alcohol being sold in Pyongyang.

The article looks at how easy it might be to overcome such restrictions on trade.
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Scooped by Graham Watson
March 12, 2018 8:24 AM
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EU 'will stand up to trade bullies'

EU 'will stand up to trade bullies' | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - March 12, 2018 8:22 AM
Tensions continue over US tariffs on imported steel and aluminium imposed by President Trump.
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Graham Watson's insight:
And so it goes...

A bit of Kurt Vonnegut to accompany the latest response to US tariffs on steel.
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Scooped by Graham Watson
March 11, 2018 1:12 PM
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From Edward III to Alexander Hamilton: history’s biggest protectionists | Larry Elliott | Business | The Guardian

From Edward III to Alexander Hamilton: history’s biggest protectionists | Larry Elliott | Business | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - March 10, 2018 11:00 AM
Both Britain and America have championed free trade from a position of global strength. But their views in the past were very different
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Graham Watson's insight:
Larry Elliott with a historical overview of protectionism. The US and the UK haven't always been in favour of free trade, you know. 
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