Jetplane 10
10.4K posts
I'm excited to share this paper we've just published on the new age of economic nationalism. In the paper, we analyse the convergence of industrial policy and national security in three global superpowers: the US, China, and the EU. The US has adopted a hawkish stance with extensive trade policies and subsidies. China has pursued ambitious growth across a range of sectors through long-term planning and strong government control. The EU has balanced autonomy with trade openness and somewhat less state intervention. The convergence of industrial policy and national security in these three regions has triggered a fundamental shift in the world economy towards greater economic nationalism. This new economic nationalism reshapes the world economy in ways that may disadvantage less powerful nations. However, “connector” countries in the Global South are benefiting by forging strategic ties with several superpowers. Additionally, the rise of China gives hope for South-South development cooperation that upends existing imperial arrangements often characterised by North-South relations.
It's pretty wild that the Nobel Prize in Economics has never been awarded to an economist based in China.
I never thought I'd call a bison cute, but this little guy is melting my heart! 😊
Tom Jones screamed with emotion, David Gilmour made the Stratocaster weep with every note of Purple Rain… A cover that not only sounded great but also painted the sky purple. 32 years later, it still gives you goosebumps. What do you think?
