Issue No. 331/332 (2018)

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COVER: Escalating US-China trade war threatens global trading system

Escalating US-China trade war threatens the global trading system
In the US-initiated trade war against China and the inevitable retaliation and counteraction, there are fears that the resulting escalation is putting the global economy and the world trading system in jeopardy.
By Martin Khor

Trade wars and other emerging threats: Attempts by the US to write new trade rules
The trade war launched by the US, when viewed in the context of other related actions, evinces a clear intention by the West to consolidate its hegemony of the world trading system.
By Abhijit Das

Donald Trump's economic gamble with trade wars and tax cuts
In launching a trade war against China, the US is in a position to withstand any retaliatory punishment for the next few months, but the danger is if the war drags on beyond that.
By John Rapley

Tariff tactics and the dangers of trade war
Trump and his advisors seem oblivious to the fact that their moves will not only raise consumer costs in China and the US but also have a destabilising impact on the global economy.
By Jacob Pagano

Trade wars a symptom of unbalanced hyperglobalised world
A sharp escalation of tariffs and heightened talk of a trade war will only add to the underlying weakness of the fragile world economy, says the United Nations Conference on Trade and Development.
By Kanaga Raja

SPECIAL FEATURE

Ten years on, in uncharted waters
While there have been some regulatory reforms after the 2008 global financial crisis, they have not been comprehensive enough to address the vulnerabilities of the financial sector to similar financial shocks.
By T T Ram Mohan

The Turkish financial meltdown: An analysis
Although there have been attempts to blame the Trump sanctions for the Turkish financial meltdown, the truth is the sanctions only acted as a trigger as the economy was sitting on a time bomb.
By Yilmaz Akyuz

Another global financial crisis for developing countries?
Developing countries are now faced with the threat of another global financial crisis. Regrettably, they have rendered themselves more vulnerable by pursuing some misguided policies.
By Anis Chowdhury and Jomo Kwame Sundaram

Emerging markets currency crisis is the product of the global liquidity deluge
It is time for an international review of the amount of liquidity flooding the global financial system and the ability of markets, particularly in developing countries, to withstand massive movements of capital.
By Anthony Rowley

How to prevent financial crises in emerging markets
While capital controls and macroprudential tools are important to ensure financial stability, these may not be enough to prevent financial crises in emerging markets.
By Kavaljit Singh

ECOLOGY

Difficulties expected at year-end climate talks
The year-end United Nations climate talks in Poland are expected to be very difficult and rocky, given where Parties left off from the Bangkok session recently.
By Meena Raman and Indrajit Bose

Resisting moves to undermine the element of equity in the Paris Agreement
Developing countries will have to be wary of attempts by the rich countries to undermine provisions in the Paris Agreement which recognise the differential burden in their obligation to fight global warming.
By Meena Raman

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