Author Archive

Free exchange: Fluid dynamics

  AT FIRST glance, the labour markets in America and Europe could not be more different: in the former unemployment has fallen steadily since 2010, while in the euro zone, it is still close to an all-time

Whose century is it?: The Trans-Pacific Partnership, Food and the “21st-Century Trade Agreement”

Used under creative commons license from m-louis.Remove featured image The future of trade deals? In the final year of the George W. Bush presidency, the U.S. entered into negotiations to establish a gargantuan new trade deal. The

Japan’s bond market: Quantitative freezing

  AS PART of its quest to end Japan’s 15-year-old deflationary torpor, the Bank of Japan is buying around 70% of all newly issued Japanese government bonds (JGBs). Whether this will boost inflation to the central bank’s

Polish banks: Lucky lenders

  JUST as Poland’s economy and foreign-policy clout have grown quietly but significantly, so its banking system has become one of Europe’s little-known star performers. Poland’s young, technophile and internationalised elite have worked out how to make

Tar sands, trade rules and the gutting of human rights for corporate profit

Tar sands processing facility in Fort McMurray, Alberta, Canada. Photo by Patrick Tsai. A new report released today from IATP takes an in-depth look at how tar sands have developed from an unconventional, inefficient energy source to

Free exchange: Revisiting Ricardo

  DEFENDERS of globalisation often say that, whatever distress it may cause for rich-world workers, it has been good for poor countries. Between 1988 and 2008, global inequality, as measured by the distribution of income between rich

Could BC Become a 100% Renewable Energy Region?: Trucking, Ships and Planes

Read Part 1 and Part 2 of this series. Back in July, in my quest to see whether British Columbia could become a 100% renewable energy region, I looked at personal transportation. This week I take on

Free exchange: Aid to the rescue

  FIFTY years ago the first United Nations Conference on Trade and Development launched a debate about how much money rich countries should give to poor ones to reduce poverty and bolster growth. In the end, the

Peak mileage and the diminishing returns of technology

This graph, from “economonitor,” is very interesting because it contains so much relevant information. (However, note one detail: the title of the graph, “Miles Driven” is somewhat misleading; it should be “mileage”, as the text of the

South African banks: Payday mayday

PERHAPS because they had no access to banking during apartheid, poor South Africans have been gorging themselves on credit ever since. A glut of consumers impatient to enjoy a middle-class lifestyle has made the fortunes of payday