Posted by hkarner - 20. März 2017
Christopher Smart, a senior fellow at the Mossavar-Rahmani Center for Business at Harvard University’s Kennedy School of Government, was Special Assistant to the president for International Economics, Trade and Investment (2013-15) and Deputy Assistant Secretary of Treasury for Europe and Eurasia
Industrial policies come in many shapes and sizes, but some strategies to nurture domestic firms and industries have clearly worked better than others. Understanding why may hold the key to creating the conditions for contemporary growth and development
MAR 17, 2017
CAMBRIDGE – A quarter-century ago, in the wake of the Thatcher and Reagan revolutions and the collapse of communism in Europe, the concept of “industrial policy” appeared to have been discredited in most of the developed world.
Lately, however, it has been making a comeback. Indeed, the question of how government should bolster domestic industry has resurfaced in what ordinarily would be considered the most unlikely of places – the United States, where President Donald Trump has promised to back high-paying manufacturing jobs and routinely targets individual companies and business leaders for flattery or condemnation. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: Industry, Project Syndicate, Smart | Leave a Comment »
Posted by hkarner - 15. Februar 2017
Christopher Smart, a senior fellow at the Mossavar-Rahmani Center for Business at Harvard University’s Kennedy School of Government, was Special Assistant to the president for International Economics, Trade and Investment (2013-15) and Deputy Assistant Secretary of Treasury for Europe and Eurasia (2009-13). He is also Whitehead Senior Fellow at Chatham House.
FEB 14, 2017 Project Syndicate
LONDON – In 2017, Europe’s leaders will confront an array of severe tests, including tumultuous elections featuring populist insurgencies, complex negotiations over Britain’s departure from the European Union, and a new American president who thinks that the transatlantic alliance is “obsolete.”
But, despite these challenges, EU leaders will also have an opportunity to strengthen their battered union and reinforce its institutions. In particular, they should focus on restoring the banking sector’s credibility, by providing it with more capital and better oversight. Even if they make progress on nothing else, achieving this goal could turn 2017 into a very good year after all.
Europe’s banks have long been central to the continent’s economy. In France and Germany, bank assets amount to 350-400% of GDP, whereas in the United States, they are equal to just over 100% of GDP. After the 2008 financial crisis, the eurozone’s weakest banks quickly buckled under the weight of their bad loans, and then threatened to drag their respective governments down with them. With many countries’ creditworthiness in doubt, even strong banks were caught in a “doom loop,” as they suffered losses from the collapsing sovereign debt on their books. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: Banken, Banking Union, ECB, Euro, Project Syndicate, Regulieren, Smart | Leave a Comment »