Deglobalization Round-Up: Saturday June 10
June 10, 2023Sequoia splits up its US and China operations, Microsoft moves AI researchers from China, and Pirelli's CEO warns that Sinochem's investment threatens the company's integrity. Plus, New Balance expands its US manufacturing footprint.
Deglobalization Round Up: May 12
May 12, 2023Reshoring solar panel manufacturing would speed decarbonization. Plus British Columbia's public pension manager exits China, US tech investors do too, and (three makes a trend) Italy intends to exit the Belt and Road Initiative.
The European Commission’s Fiscal Policy Proposal Risks European Crisis
December 9, 2022Now on the European political table is the European Commission's proposal on the rules to govern fiscal policy of member states. Dr. Gustavo Piga argues that this proposal is even worse than its predecessors. It threatens to make an already fragile continent weaker. Italy should issue a resounding veto.
An Economic Policy to Save Italy, and Europe
August 18, 2022How to craft an economic policy capable of saving Italy, and with it Europe? We have a few alternatives, summarized by the so-called "austerity trilemma" that affects the euro-area: You cannot have austerity (the loss of the possibility of using fiscal policy with increased public demand to counter adverse shocks and help the weakest), democracy, and a common euro currency simultaneously. We have to choose two of the three.
