Tag Archives: World Bank

The Liberal International Order

A monopolist enjoys a bigger profit than would a competitive supplier of the same items by restricting the supply in order to charge a higher price. This assumes that he can increase the price by more than the reduction in … Continue reading

Posted in trade, Uncategorized | Tagged , , , , , , | 1 Comment

Save Trade

I have written about the importance of trade to our standard of living many times because it seems to be under attack. The graph below, which reflects Angus Maddison’s data showing a massive increase in income throughout the world over the last … Continue reading

Posted in Economics, Government, News and politics, trade, Uncategorized | Tagged , , , , , , , | Leave a comment

US Global Leadership – More on AIIB

Following the end of the second of two devastating World Wars within three decades, the world came together to establish international institutions and norms meant to prevent another world war and to promote the shared economic and political interests of … Continue reading

Posted in Economics, News and politics, War | Tagged , , , , , , , , , , | 1 Comment

The Asian Infrastructure Investment Bank – AIIB

Last evening CCTV, the China Central Television company, contacted me about an interview about the AIIB at 8:15 am the next morning (i.e., this morning). I have appeared on their Biz Asia show several times in the past. I agreed … Continue reading

Posted in Banks, Economics, News and politics | Tagged , , , , , , , | 3 Comments

Libya: Part II

What will happen next in Libya and what should we do? Continue reading

Posted in News and politics | Tagged , , , , , | 2 Comments