Tag Archives | global trade war

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World trade falls in line with Great Depression trend

Last June, the blog noted research by Profs Eichengreen and O’Rourke that compared the current Crisis to the Great Depression. They have now updated their work to February 2010, 22 months after the Crisis began. The positive news is that the stimulus measures taken by governments have caused world industrial production to recover. As they […]

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US chemical imports face ‘green’ border tax

The US Congress is currently close to finalising a Bill that would aim to tackle climate change. This follows the EU model by establishing a carbon price via a cap-and-trade system, and is very welcome news. However, there is a sting in the tail, as currently drafted. For it also calls for a border tax […]

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