Economics and Globalization News

Raising Mexico's minimum wage

Aug 27, 2014
A debate has recently emerged regarding the issue of raising Mexico’s minimum wage. Proponents call attention to the fact that the minimum wage is much lower than other countries in Latin America. Others fear an increase in the minimum wage would spark inflation and warn that this debate is used as a distraction from the real issue of increasing productivity.
Image Credit “Cows”  courtesy of Flickr user JvL

TPP and Canada: Wishful Thinking on Supply Management?

Aug 26, 2014
As Canada wraps up its Comprehensive Economic and Trade Agreement (CETA) with the EU, it remains deeply involved in another very ambitious multilateral negotiation: the Trans Pacific Partnership (TPP). Canada became an observer to the TPP negotiations in 2010, but did not become a full member until 2012 because New Zealand, one of the founders of the TPP negotiations, and the United States held up Canada’s request due to concerns about Canada’s supply management of dairy, poultry, and eggs, as well as the longstanding U.S. complaint about Canada’s lack of protection for intellectual property rights. So when Canada and Mexico announced they would like to join the TPP negotiations, trade observers asked out loud if Canada would be willing to disband its supply management. Accession to the negotiations meant accepting the rules at the time of accession, and New Zealand, having liberalized its dairy industry over the last decade or so, was not about to give Canada a pass on supply management.

Una reforma fiscal va más allá de generar impuestos

Aug 26, 2014
Experts discuss fiscal reform in Costa Rica, at a conference organized by the Latin American Program.

Economista líder del BID: "Costa Rica debe cambiar la institucionalidad fiscal"

Aug 26, 2014
Alberto Barreix, lead economist at the IADB, spoke about fiscal policy in Costa Rica compared to the rest of Latin America, at a conference organized by the Latin American Program. This article is in Spanish.

What Next for US-Africa Engagement?

Aug 22, 2014
From August 4-6, 2014, the first ever US-Africa Summit took place in Washington, DC. The Africa Program and its colleagues provided daily coverage of the event and a variety of perspectives on what this means for US-Africa relations going forward.

Putin’s Already Paying Dearly for Ukraine – and the Price Will Only Go Up

Aug 12, 2014
Putin believes that Russian sovereignty can be best protected by its growing isolation. However, his fundamental misunderstanding of how the post-imperial, post-World War Two international system works has already created serious economic consequences in Russia, writes William E. Pomeranz.

Chile busca inversiones chinas en sectores de energía e infraestrucuturas

Aug 01, 2014
Global Fellow Jorge Heine provides insight on potential Chinese investments in Chile in energy and infrastructure sectors.

The New Development Bank adds substance to the BRICS

Jul 30, 2014
The sixth summit of the BRICS took place at a time of low economic growth for the group. The BRICS gained prominence after the global financial crisis of 2008, which put the leading capitalist economies on the brink of the abyss and made room for big emerging countries at the decision making table.

Russia's Economy Turns to a Blast from the Past: The New Economic Policy

Jul 21, 2014
NEP suddenly is back in vogue but in a global economy, NEP’s uniquely domestic approach to solving economic problems may send out the wrong message at the wrong time to the international business community, writes Will Pomeranz.

Jorge Heine: "The relationship with China has to move to the next stage, one that includes energy and infrastructure"

Jul 18, 2014
Program Fellow Jorge Heine is interviewed in Pulso on Chile-China relations on the wake of his departure to Beijing.

Pages