Political scientist David Carter co-authored a study of more than 50 barriers erected around the world, most of which have emerged since 2001. He and his co-author at the University of Chicago found that legal trade plummets up to 31% as a result of constructing a wall between two neighboring countries.
If the proposed Trump Administration tariffs are imposed and continue into 2020, China’s likely strategy will be to use fireworks as a “political toy” heading into the election season, says a Washington University in St. Louis expert on international trade.
If Republican senators from tobacco-growing southern states believe in social responsibility, they would fully explore the TransPacific (TPP) trade agreement’s potential impact on countries around the world, including provisions that influence the ability of American tobacco corporations to flood the globe with cheap, cancer-causing cigarettes, suggests the author of a book on the history, social costs and global politics of the tobacco industry.
Hong KongIn the days leading up to China’s taking over Hong Kong on July 1, 1997, the media and political pundits were spouting cautionary tales of how China would ruin Hong Kong’s success as Southeast Asia’s financial center. Were the foretellers of doom correct in their outlook? Not at all, says David Meyer, visiting professor of business at Washington University in St. Louis. In fact, ten years later, both Hong Kong and China have reaped the benefits.
This year’s conference, “International Business in Action”, will showcase several Olin School of Business M.B.A. students who have provided leadership in finding international business solutions for global organizations. The goal of the conference is to provide cutting-edge information to St. Louis-area business professionals on how to address challenges in the international arena.
“Give me a one-armed economist,” President Harry S. Truman once demanded as he vented his frustration over economic advisors who offer straightforward recommendations, then hedge their bets by tacking on a slew of caveats, often beginning with the phrase “but, on the other hand…” Now, Murray Weidenbaum, the chairman of President Ronald Reagan’s first Council of Economic Advisers, has published a compilation of essays that offers the clear, no-nonsense economic policy analysis that Truman craved. Titled One-Armed Economist: On the Intersection of Business and Government, the book provides a distillation of four decades of Weidenbaum’s writings on key public policy issues.