Tag Archives: rules-based order

The IMF hitman in Europe, one Poul Thomsem recently published a European Money and Finance Forum (SUERF) Policy Note (October 2018) – A Financial Union for the Euro Area – where he basically told us that any changes that the IMF will allow to occur in the Eurozone architecture will be minimal and will not stop Member States “from being forced to undertake large pro-cyclical fiscal adjustments when the next shock or major downturn hits”. The term “large pro-cyclical fiscal adjustments” means...

Back in September I presented a paper at a conference in Moscow on the topic of ‘Human Rights Reasoning and Double Standards in the Rules-Based Order.’ In this I pointed out that both Russia and the West claimed to be in favour of a ‘rules-based order’ and that each accused the other of breaking that order. The problem, I conjectured, derives from differing understanding of what the rules are and how they should be applied. Russia believes in a traditional, Westphalian, order in which...

Good article on the rise of China without China bashing.Project SyndicateThe Global Economy’s New Rule-MakerMichael Spence | Nobel laureate in economics, is Professor of Economics at NYU’s Stern School of Business, Distinguished Visiting Fellow at the Council on Foreign Relations, Senior Fellow at the Hoover Institution at Stanford University, Advisory Board Co-Chair of the Asia Global Institute in Hong Kong, and Chair of the World Economic Forum Global Agenda Council on New Growth...

On August 14, President Donald Trump instructed the US Trade Representative to commence investigating Chinese infringement of intellectual property rights. Whatever the merit of such allegations, Chinese retaliation against US trade sanctions would almost certainly cause far more economic damage. Project SyndicateAmerica and China’s Codependency Trap Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, now a senior fellow at Yale University's Jackson...

Delusional article of the day.As China becomes a hegemon and the US pursues a short-sighted and largely undefined 'America First' policy, Europe must tend the flame of values-based policy and the rule of law. This person is complete out of touch with what is happening in Europe.Asia TimesWho will stand up, against China, for rules-based order?Ana Palacio, a former Spanish foreign minister and former Senior Vice President of the World Bank, member of the Spanish Council of State, and a...