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Archive for 7. Juli 2017

The G20’s Role Reversals

Posted by hkarner - 7. Juli 2017

JUL 7, 2017 Project Syndicate

Since the Group of Twenty (G20) was founded in 1999, the United States and China have generally managed to restore or instill confidence in the international order, even when other members were mired in crisis. And in the ensuing years, both countries have maintained stable growth and weathered economic storms better than most.

G20 summits thus became occasions for the US and China to flex their muscles as they helped others, not least the members of the eurozone. But, at this year’s G20 summit in Hamburg, Germany, the tables seem to have turned. The US under President Donald Trump has no appetite – or, it appears, the ability – for global leadership, and China is confronting mounting threats to growth and stability, whereas the European Union is now growing faster than at any time since 2008. And recent elections in the Netherlands, the United Kingdom, and France seem to have closed the door on the threat of populism in Europe, at least for now. Den Rest des Beitrags lesen »

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Ifo-Chef Fuest: „Größten Verlierer im Handelskrieg wären USA“

Posted by hkarner - 7. Juli 2017

Fuest rechnet mit keinem Handelskrieg, auch nicht damit, dass die US-Regierung flächendeckend Strafzölle auf Produkte aus dem Ausland erheben wird.

Ifo-Chef Clemens Fuest erwartet trotz Drohungen der Trump-Regierung keine umfassende Abschottung des US-Marktes. „Ein Handelskrieg wird nicht kommen. Der internationale Handel würde stark zurückgehen, aber der größte Verlierer wären die USA selbst“, sagte der Präsident des Münchner ifo-Instituts am Donnerstagabend vor Journalisten in Frankfurt.

„Wenn die Administration sich einigermaßen rational verhält, wird sie erkennen, dass das unattraktiv ist für die USA“, sagte der Ökonom.

Fuest rechnet daher nicht damit, dass die US-Regierung flächendeckend Strafzölle auf Produkte aus dem Ausland erheben wird. In einzelnen Branchen sei das aber durchaus vorstellbar. US-Präsident Donald Trump hat sich eine Abschottungspolitik („America first!“) auf die Fahnen geschrieben.

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Merkel’s Patient Diplomacy Is Tested by Trump and Putin’s ‘Axis of Testosterone’

Posted by hkarner - 7. Juli 2017

Date: 07-07-2017
Source: The Wall Street Journal

The German chancellor is hosting three of the world’s most polarizing heads of state at the G-20 meeting

HAMBURG, Germany—The U.S. president has accused her of ruining Germany. The Turkish president says she harbors terrorists. The Russian president, her spy agencies warn, may be about to interfere in her reelection campaign. In the coming days, German Chancellor Angela Merkel meets all three of them

In Hamburg, her birthplace, the 62-year-old pastor’s daughter hosts the Group of 20 summit thrust into a role no German chancellor has had to navigate in the postwar era. The leader of a country that generally disdains international confrontation is now the foil to three of the world’s most polarizing heads of state. Three countries that Germany had prized as partners have, in different ways and to varying degrees, become antagonists. Den Rest des Beitrags lesen »

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Trump’s Defining Speech

Posted by hkarner - 7. Juli 2017

Date: 07-07-2017
Source: The Wall Street Journal: OPINION

In Poland, he asks the West to defend its values of faith and freedom.

The White House description of Donald Trump’s speech Thursday in Warsaw was simply, “Remarks by President Trump to the People of Poland.” In truth, Mr. Trump’s remarks were directed at the people of the world. Six months into his first term of office, Mr. Trump finally offered the core of what could become a governing philosophy. It is a determined and affirmative defense of the Western tradition.

To be sure, Mr. Trump’s speech also contained several pointed and welcome foreign-policy statements. He assured Poland it would not be held hostage to a single supplier of energy, meaning Russia. He exhorted Russia to stop destabilizing Ukraine “and elsewhere,” to stop supporting Syria and Iran and “instead join the community of responsible nations.” He explicitly committed to NATO’s Article 5 on mutual defense. Den Rest des Beitrags lesen »

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Saving Emerging Markets From Trump

Posted by hkarner - 7. Juli 2017

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Putin and Trump’s Tainted Love

Posted by hkarner - 7. Juli 2017

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Trump’s Gift to Europe

Posted by hkarner - 7. Juli 2017

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The Inflation Target Trap

Posted by hkarner - 7. Juli 2017

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Only Radical Thinking and Action Can Tame Globalization

Posted by hkarner - 7. Juli 2017

Date: 06-07-2017
Source: SPIEGEL

The G-20 in an Unjust World

In Hamburg this week, thousands are preparing to launch protests against the exploitation of labor, the degredation of the environment and the extremes of capitalism. To solve the world’s problems, a radically new approach is necessary.

Can Our World Be Fixed?

There are injustices that have become so familiar that few are even bothered by them anymore. A brief reminder: Every 10 seconds, a child dies of starvation somewhere in the world, despite there being enough food on the planet to feed between 10 and 12 billion people — and the global population is just 7.5 billion. Almost 800 million people in the world live in extreme poverty, despite there being more money in the world than ever before. Fully 81 percent of the energy produced in the world is the product of burning fossil fuels, even though this practice warms the climate and alternatives such as wind and solar are available.

When G-20 leaders gather in Hamburg later this week, they will have an opportunity to at least mitigate some of the most blatant contradictions facing our world. After all, they are largely responsible for the existence of such contradictions in the first place. Den Rest des Beitrags lesen »

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