Economics & Business Archive

The European Commission published a document earlier this month to defend the Anti-Counterfeiting Trade Agreement (ACTA) in the face of large public demonstrations against the proposed agreement. In an email interview, Axel Metzger, a professor of intellectual property law at the University of Hanover, discussed ACTA in the context of European Union intellectual property norms. WPR: What is the background of ACTA, and what gaps in the global intellectual property regime is it meant to address? Axel Metzger: The goal of ACTA is to achieve a higher level of enforcement of intellectual property rights. The provisions, for the most part, […]

Where is the positive vision for U.S. foreign policy in this election? President Barack Obama and on-again, off-again “presumptive” GOP nominee Mitt Romney now duel over who is more anti-declinist when it comes to America’s power trajectory, with both slyly attaching their candidacies to the notion that “the worst” is now behind us. On that score, Obama implicitly tags predecessor George W. Bush, while Romney promises a swift end to all things Obama. Halftime in America? Indeed. But what’s the animating vision, besides rebounding? What course are we setting, besides up? So far, all the candidates’ visions seem negative — […]

The British government approved arms sales to Bahrain last year, despite ongoing unrest in the Persian Gulf state. In an email interview, John Louth, deputy head of the defense industries and society program at the Royal United Services Institute, discussed the U.K. defense industry. WPR: What is the current size and scope of the British defense industry, and how has it evolved in the past decade? John Louth: The U.K. defense market represents between about 1 percent and 2 percent of U.K. GDP annually, with the government spending about $28 billion each year on defense equipment and services from the […]

Frank-Juergen Richter, chairman of Horasis: The Global Visions Community and a former director of the World Economic Forum, talks about economic imbalances in Europe and export growth to Asia. Finance News Videos by NewsLook

On Jan. 5, Turkey’s Defense Industry Executive Committee, chaired by Prime Minister Recep Tayyip Erdogan, authorized the Undersecretariat for Defense Industries to open negotiations with Lockheed Martin for the purchase of two F-35 multi-role combat fighters by 2015. Though Turkey’s defense minister today clarified that Turkey still intends to follow through with its intention to acquire 100 F-35s, the small initial purchase represents yet another setback for the troubled program.* It was followed by Britain’s declaration in February that it will postpone making any formal commitment to the F-35 until 2015. Australia, too, is currently reconsidering plans to buy 12 […]

In late-January an influential member of the European Parliament urged the European Union to reject a deal with the U.S. on sharing information about air travellers for anti-terror programs. In an email interview, Rocco Bellanova, a researcher at Vrije Universiteit Brussel and the Facultés Universitaires Saint-Louis, and Paul De Hert, a professor at Vrije Universiteit Brussel and Tilburg University, discussed the EU-U.S. passenger data-sharing agreement. WPR: What is the background of the U.S.-EU passenger data-transfer deal? Rocco Bellanova and Paul De Hert: The 2011 iteration of the so-called passenger name record (PNR) agreement currently under discussion at the European Parliament […]

Chinese Vice President Xi Jinping commends Ireland for achieving moderate growth after its debt crisis. Ireland is the only stop Xi will make in Europe during his world tour. World News Videos by NewsLook

Growing awareness of how development outcomes are dependent on our variable and changing climate is focusing increasing attention on the role of climate information in agricultural development. Much of this attention is driven by the growing acceptance that human activity is altering the Earth’s climate, and that the major greenhouse gas emitters have an obligation to help the most vulnerable to adapt. Independently of the climate change agenda, however, most of the international development banks have recognized that their investments are vulnerable to climate shifts and fluctuations, and now have strategies for screening projects for climate vulnerability and for making […]

The United States’ relationship with Singapore has been and continues to be one of its most important and successful in the Asia-Pacific. Despite its small size, Singapore has transformed itself into a major player in Southeast Asia and the broader global economy, and has been a consistent supporter of a strong U.S. presence in Asia. Today, the city-state is America’s 13th-largest trading partner, hosts U.S. naval ships in its waters, serves as a model for Washington on issues such as education and offers valuable strategic advice to the United States on a variety of policy questions. These past few weeks […]

While America has begun an economic recovery of uncertain strength and staying power, we Americans nonetheless face a far longer-term and more substantial national rebuilding project. This daunting task has placed us in a contemplative space, in which we nervously toggle between bouts of renewed self-confidence and crippling self-doubt. But the same thread runs through both cycles of this national bipolar disorder: the assumption that we must bear this burden alone. That assumption is our greatest weakness right now, for it blinds us to the economic opportunities at hand, while encouraging us to adopt an unwise defensiveness in our national […]

Canadian Prime Minister Stephen Harper traveled to China earlier this month, where he met with senior Chinese leaders and signed deals promoting bilateral economic cooperation. In an email interview, Daniel Poon, a researcher at the North-South Institute, discussed trade and diplomatic relations between Canada and China. WPR: What is the nature and extent of energy relations between Canada and China, and how are they evolving? Daniel Poon: Due to years of prioritizing the U.S. market over all others, the extent of Canadian energy and, more generally, commercial relations with China have been relatively limited. In 2010, roughly one-third of Canada’s […]

TORONTO — Wrapping up a trip to China last week, Canadian Prime Minister Stephen Harper described the visit as “very successful.” The trip saw the signing of a number of trade deals worth an estimated $3 billion in oil, natural gas, minerals and other products. But though it also ended with the commissioning of a feasibility study into the possibility of a free trade agreement between the two countries, Harper was quick to advise caution on what remains a long-term goal. That the two economies need each other is not in question. With bilateral trade valued at $50 billion in […]

Empty apartment blocks are haunting Spain as grim monuments to its colossal real estate crash. One man in the industry predicts some ghost towns may get knocked down. World News Videos by NewsLook

When a bomb attached to an Israeli diplomat’s car exploded in New Delhi earlier this week, it not only injured at least four people, it also seriously damaged India’s hopes of staying out of the conflict over Iran’s nuclear program. There is no confirmation that the attack was carried out by Iran or its ally Hezbollah, as Israel maintains. Still, the incident points to the increasingly untenable efforts by Indian officials to simultaneously nurture close ties with the U.S and strengthen relations with Israel, while maintaining valuable ties with Iran in the face of U.S. and international sanctions. At the […]

Gordon Chang, author of “The Coming Collapse of China”, talks about the meeting between President Barack Obama and Chinese Vice President Xi Jinping and the prospects of China giving financial aid to Europe. US News Video by NewsLook

Brazilian President Dilma Rousseff made her first official visit to Cuba last month. In an email interview, David Herrero, a research associate at the Council on Foreign Relations, discussed Brazil-Cuba relations. WPR: How did Brazil-Cuba relations evolve under former Brazilian President Luiz Inacio Lula da Silva, and what were Brazil’s priorities? David Herrero: Lula significantly expanded political engagement and commercial ties with Cuba. He visited the country four times as president and helped launch a $950 million modernization project — financed mostly by Brazil’s development bank, BNDES — at the Cuban port of Mariel. On the issue of human rights, […]

When South Sudan seceded from Sudan, it took three-quarters of Sudanese oil production with it, and the two countries have disputed oil revenues and transit fees ever since. Because South Sudan lacks oil infrastructure, it must transport its oil northward through existing pipelines to Sudan’s Port Sudan, on the Red Sea, where there are refineries and loading facilities for tankers. Seeking other options for oil exports, the landlocked country is now considering building an oil pipeline through Ethiopia and Djibouti, and signed an agreement last month to link its oil fields with a coastal town in Kenya. “Any sane or […]