SAFRICA-AFRICA-CHINA-FORUM-ECONOMY-FINANCE

China is Outpacing and Outspending the U.S. in Diplomacy and Development

At the same time the United States is considering cutting funding for diplomacy and development by 30 percent, China doubled its diplomacy budget over the last five years, proposing to increase its foreign affairs budget by 15 percent in 2018 alone.

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Kardashians Kash in on the App Economy

The Kardashians continually extend their dynasty, promoting their own products while recommending others on social media using Snapchat, Instagram, and Twitter. They've also created their own apps, in their own images, to push their own line of products. Love them or hate them, the Kardashians' countless business ventures are stimulating both the global app economy — and the larger world economy.

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Tying the Knot is a Global Trade Affair

Holding your wedding in an exotic foreign destination offers local vendors, from the receptionist in a tourist eco-lodge, to the caterer, local guide services, bands, and the travel agencies that booked transportation for the wedding party, the opportunity to become services exporters in global trade.

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poker

Trump Upped the Ante in High Stakes Game of Tariff Poker

The biggest chunk of tariffs in the Great Tariff War of 2018 is between the United States and China, beginning with two rounds of tit-for-tat tariffs worth around $50 billion against one another. The United States just raised on the ante by another $200 billion. China will not fold; they will go “all in” in this poker game, but we don’t know what that means yet as they hold their cards close.

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retro woman convertible

Did China Kill the Convertible Car Market?

Driving with the Top Down If you’re a movie buff like I am, you’re familiar with recurring scenes in old Hollywood films of a footloose American driving the California coastline in a bright-colored convertible with the top down, hair blowing in the wind. Driving a convertible on the open road is a quintessential American experience. […]

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Industrial robotic arms

Why Does Everyone Hate Made in China 2025?

Made in China 2025 calls for achieving “self-sufficiency” through technology substitution while becoming a “manufacturing superpower” that dominates the global market in critical high-tech industries. That could be a problem for countries that rely on exporting high-tech products or the global supply chain for high-tech components.

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couple on beach

“Tour and Cure”: The Rise of Medical Tourism

Whether you’re in need of a new dental crown, a facelift, fertility treatments, or a new heart valve, there are doctors and hospitals around the world who would gladly treat you, exporting their health services by offering top-of-the-line facilities with the newest technology, Western-trained doctors, comfortable stays, and reasonable bills.

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Young farmer in corn fields

Trade, Respectfully

Farmers are price takers. For years, the export opportunities created by market opening policies have been positively reflected the price they get for their corn. But as we spoke about current trade policy with its frequent tariff announcements, the farmers were checking the current price of corn. “We’re down to 3.6!” a farmer from Michigan interjects as we talk about China.

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ZTE phone

Beyond ZTE: China’s Drive to be a Technology Superpower

President Xi Jinping has a vision that China will be a science and technology superpower. To achieve that goal, China is building the most extensive information and communications technologies (ICT) and cyberspace governance system in the world. Here's how they're doing it, and what the United States should do about it.

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whiskey

The Sobering Reality of a Tariff War

There is plenty of collateral damage in a tariff war because the one-upmanship spills over beyond the sectors named in the original complaint (steel for example), sweeping in producers like farmers for maximum political effect. The other dirty little secret in tariff wars is that they provide cover for governments to protect the producers of products facing normal market competition. That’s what might just be motivating our closest trading partners to put American whiskey on their lists for tariff retaliation.

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