The Yuan also rises
Reflecting global reach, credibility of national governance and economic dominance, currency convertibility can be facilitated in practice but cannot be summoned by diktat; trust will be earned in the long haul
Global Trade
Tariff Folly - a Sense of Purpose...
Tariffs are supposed to set the U.S. economy on a virtuous growth path - Now comes the hard part of convincing America's business to make long-term commitments, to re-industrialize and to allocate the considerable financial resources to do so
Globalization, China and Trade Imbalance
The Chinese trade surplus in manufacturing goods is, at $2 trillion, unfathomably large....and growing fast....a death knell of globalization as we knew it, which might finally stir the international order into action ...
Tariffs - the U.S. and the World
Global trade has been upended by the Trump tariff policies and there is no turning back. Each country's political standing will weigh on its economic outcome but all will have to reinvent their trade strategies
Germany - Global Trade Storm
EU trade policies are credible when competing in unison on global markets, but ambivalent efforts by Germany (and others) to keep China on-side pin Europe down. Atrophy beckons...
Germany - Misplaced Trust
Germany is one of the strongest exporters worldwide and readily accessible energy sources are indispensable to the country's industrial success. A close partnership with Russian energy providers has turned into unwarranted dependence - Trust betrayed
A Golden Age - Make the Dutch Provinces Great !
With victory in the Revolt against Spain in 1648, the challenge had evaporated and the Dutch Republic needed to find a fresh purpose in itself, above and beyond its outstanding economic success
A Golden Age - Holland's Power by the Numbers
The Seventeenth Century - or at least its first 75 years - was called 'Golden' in the Northern Netherlands not just as symbol of material abundance but by virtue of the social cohesion the small Republic achieved
