international economics

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EU introduces tariffs on Chinese steel road wheels

Bloomberg: China Hit by EU Tariffs as High as 66% Article published: Oct 10, 2019 IB Economics syllabus: International economics (protectionism, tariffs) This is a superb article for an international economics IA. The EU steel road wheel producers accused their Chinese competitors of dumping (selling below their costs of production). Chinese producers are able to sell at [...]

By | 2019-10-24T07:22:09+00:00 October 24th, 2019|International Economics|Comments Off on EU introduces tariffs on Chinese steel road wheels

British Pound hits the lowest level in 3 years against the dollar

BBC: Pound hits three-year dollar low in Brexit turmoil Article published: Sep 2, 2019 IB Economics syllabus: International economics (exchange rates) No-deal Brexit is becoming a likely scenario for the United Kingdom to leave the EU and if it becomes reality, only one thing will be certain: uncertainty. But, as the article mentions, "[c]urrencies, as a rule, [...]

By | 2019-09-03T09:24:27+00:00 September 3rd, 2019|International Economics|Comments Off on British Pound hits the lowest level in 3 years against the dollar

Trump’s view on strong dollar

Reuters: Trump says strong dollar hurting U.S. competitiveness Article published: March 2, 2019 IB Economics syllabus: International economics (central bank policy, exchange rates) Trump is openly against further monetary tightening (raising interest rates) and hints that the strong dollar can reduce export competitiveness: “I want a strong dollar, but I want a dollar that’s great for our country [...]

By | 2019-03-03T13:41:20+00:00 March 3rd, 2019|International Economics|Comments Off on Trump’s view on strong dollar

Amazon and Walmart restricted in India

  CNN Business: India just made life tougher for Amazon and Walmart Article published: December 27, 2018 IB Economics syllabus: International economics (trade barriers, protectionism) In order to cut back the influence of large American firms such as Amazon and Walmart, India is now set to restrict foreign e-commerce companies. This is good news for domestic [...]

By | 2019-01-02T15:57:38+00:00 January 2nd, 2019|International Economics|Comments Off on Amazon and Walmart restricted in India

Tariffs cut on U.S. car imports into China

  CNN Business: China is temporarily slashing tariffs on US auto imports Article published: December 15, 2018 IB Economics syllabus: International economics (protectionism, tariffs) After placing additional tariffs on cars in July, China has now decided to reduce these tariffs on a temporary basis for the next three months. The decision was made in order [...]

By | 2018-12-17T06:02:24+00:00 December 17th, 2018|International Economics|Comments Off on Tariffs cut on U.S. car imports into China

How tariffs can divert trade

Reuters: Shut out of China, U.S. coal exporters find favour in India Article published: Nov 20, 2018 IB Economics syllabus: International economics (protectionism, trade) This article talks about how the higher tariffs in China made American coal producers sell coal in other countries (e.g. India) instead of China. This is a real-life example of trade diversion. [...]

By | 2018-11-26T05:16:42+00:00 November 21st, 2018|International Economics|Comments Off on How tariffs can divert trade

Nobel Laureate Krugman on Scottish independence

New York Times: Scots, What the Heck? and its follow-up: Scotland and the Euro Omen Articles published: Sep 7 and 8, 2014 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Section 3, International Economics In just one week, on Sep 18, 2014 Scotland will hold a referendum about their [...]

By | 2017-08-23T11:03:31+00:00 September 11th, 2014|International Economics|Comments Off on Nobel Laureate Krugman on Scottish independence

Putin’s Economic Model

Businessweek: Putin's Economic Model Showing Strain as Russia Is Cut Off From Global Finance Article published: Jun 27, 2014 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Section 3, International economics Russia is slowly "cut off from global finance." Or is it? Well, Europe is careful with sanctions as it [...]

By | 2017-08-23T11:04:25+00:00 August 31st, 2014|International Economics|Comments Off on Putin’s Economic Model

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