The mainstream media rather ignored a key event last week, namely that the Democrat leader of the US Senate signalled he would not try to pass Fast Track Authority to allow the President to conclude new trade deals with the EU and Pacific countries. Nobody seems to want to face the unpalatable truth, that this […]
Tag Archives | protectionism
The mention of deflation in the above front page headline of Friday’s Financial Times will not have surprised blog readers. But it appears that not enough people in the European Central Bank read the blog, as the FT went on to report the ECB’s sense of ”shock” at the thought that deflation could now be just around the corner. This highlights the enormous […]
Some trends play out tactically in days or weeks. Others move more slowly over months and years. These tend to get ignored in the modern world of twitter and 24-hour news cycles. But then, as with the sub-prime collapse in 2008, the future suddenly meets the present. We can see the same pattern underway with […]
In January, the blog suggested that political issues would continue to gain increased importance. Its argument was that the strong economy between 1982-2007, when the US suffered just 16 months of recession, meant political and social issues took a back seat. Money was easily available to ‘solve’ most problems. Since then the global economy has […]
The world enjoyed an economic SuperCycle between 1982-2007. Its largest economy, the USA, suffered just 16 months of recession during the whole 25 years. As a result, social and political issues took a back-seat. Politicians instead competed to occupy the middle ground. Former UK premier Margaret Thatcher’s phrase ‘you can’t buck the markets’, became received […]
The chemical industry has been one of the great beneficiaries from globalisation over the past 25 years. Today, it is hard to remember just how restricted markets used to be. Tariffs often applied within Regions, as well as between them. In his early years as a product manager, the blog would often spend days trying […]
When the G-20 met in London in April 2009, they produced a Communiqué containing just 688 words. And as the blog noted in conclusion, there was “no sign of a ‘Plan B’ being developed“, in case the Stimulus measures failed to work. This was still the case last September in Pittsburgh, when the Leader’s Statement […]
China is a very difficult country for foreigners to understand. The blog suspects that the best approach is to apply Winston Churchill’s insight on Russia, namely “I cannot forecast to you the action of Russia. It is a riddle, wrapped in a mystery, inside an enigma; but perhaps there is a key. That key is […]
Trade protectionism is on the rise around the world, as the blog forecast in its Budget Outlook back in October. It suggested that “arguments about the ‘export of jobs’ will increase“, and argued that “chemical companies will need to keep a close eye on the political arena, as they operate in a complex value chain, […]
P&G’s new CEO, Robert McDonald, has “warned of the risks to global growth posed by increased protectionism in the US and around the world, stemming from the global recession“. interviewed by the Financial Times, McDonald noted that 20% of P&G’s jobs in the US depend on their international business, which accounts for 60% of P&G’s […]
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Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry.
The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts.
Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.