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You searched for: Content Type Commentary and Analysis Remove constraint Content Type: Commentary and Analysis Political Geography Global Focus Remove constraint Political Geography: Global Focus Topic Global Political Economy Remove constraint Topic: Global Political Economy
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  • Author: Richard Nephew
  • Publication Date: 07-2018
  • Content Type: Commentary and Analysis
  • Institution: Center on Global Energy Policy
  • Abstract: The president’s recent statement that OPEC should reduce their prices may merely be an attempt to assign blame for rising gasoline prices in the midst of the US driving season or an even more cynical attempt to rally his political base in opposition to globalism. Or, it may have something to do with the president’s own decision to create a crisis with Iran. While attention is duly paid to how much Americans have to pay at the pump, a more subtle and complicated story will soon play out with respect to Iran and the reapplication of US sanctions ordered by Trump on May 8, 2018. In fact, unless oil prices are contained, the primary result of the president’s action may be to ensure that Iran profits from the oil market risks that sanctions have created.
  • Topic: Energy Policy, Geopolitics, Global Political Economy
  • Political Geography: America, Iran, Global Focus
  • Author: Ronald Lee, Andrew Mason
  • Publication Date: 03-2017
  • Content Type: Commentary and Analysis
  • Institution: East-West Center
  • Abstract: In advanced economies around the world, population growth is slowing down and populations are growing older. Economic growth is also slowing, at least in part because of the slow growth of the labor force and of populations as a whole—despite immigration. Many empirical studies have found that gross domestic product (GDP) growth slows roughly one to one with declines in labor-force and population growth—a disquieting prospect for the United States and for advanced economies in Asia and Europe. If there are fewer workers to support a growing elderly population and worker productivity remains the same, either consumption must be reduced or labor supply increased—for example, through later retirement. By 2050, the projected slowdown in growth of the labor supply could lead to a drop in consumption of 25 percent in China, 9 percent in the United States, and 13 percent in other high-income countries. The situation could be improved, however, by a rise in labor-force productivity. In fact, standard growth models predict that slower population growth will lead to rising output and wages per worker. The underlying question is whether this higher output per worker will be sufficient to offset the rise in the number of dependents per worker as the population ages. To help answer this question, this article looks more closely at how economic activity varies by age, drawing on national transfer accounts, which measure how people at various ages produce, consume, and save resources. This analysis shows that GDP and national income growth will most certainly slow down as populations age, but the effect on individuals—as measured by per capita income and consumption—may be quite different.
  • Topic: International Relations, Global Political Economy
  • Political Geography: Global Focus
  • Author: Brad W. Setser
  • Publication Date: 07-2017
  • Content Type: Commentary and Analysis
  • Institution: Council on Foreign Relations
  • Abstract: The global impact of oil’s fall from $100 plus to under $50 a barrel has not gotten as much attention as I think it deserves. For most oil exporters, it has been a profound shock—one that forced such a massive contraction in imports that it pulled down global trade (far more than the trade remedies that tend to dominate the ‘trade” news). A few countries adjusted quickly and relatively efficiently (Russia), though not painlessly. A few have struggled to adapt—notably, because of its large external debt, poor policies, and growing political crisis, Venezuela.
  • Topic: Oil, Global Political Economy
  • Political Geography: Global Focus
  • Author: Rohinton P. Medhora
  • Publication Date: 07-2017
  • Content Type: Commentary and Analysis
  • Institution: Centre for International Governance Innovation
  • Abstract: Critical reviews of hard-hitting commentaries on urgent global issues are published periodically by Project Syndicate as part of their Issue Adviser series. In the latest instalment, below, the president of the Centre for International Governance Innovation assesses the populist threat to globalization and international trade and considers arguments by economists such as Kaushik Basu, Jeffrey Frankel, Laura Tyson and other commentators
  • Topic: International Relations, International Security, Global Political Economy
  • Political Geography: Global Focus