Showing posts with label USA. Show all posts
Showing posts with label USA. Show all posts

Sunday, April 08, 2018

Vox explains Belt and Road



China's trillion dollar plan to dominate global trade: China's Belt and Road Initiative is the most ambitious infrastructure project in modern history. It spans over 60 countries and will cost over a trillion dollars. The plan is to make it easier for the world to trade with China, by funding roads, railways, pipelines, and other infrastructure projects in Asia and Africa. China is loaning trillions of dollars to any country that's willing to participate and it's been a big hit with the less democratic countries in the region. This makes the BRI a risky plan as well. But China is pushing forward because its goals are not strictly economic, they're also geopolitical. Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines.

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Wednesday, February 08, 2017

But trade is not a zero-sum "game"


Matt Yglesias for Vox: Understanding Trade

More on trade as a positive-sum game.

More on the zero-sum assumption in the context of politics:
Consider Trade and deficits - Yes, if you drive up deficits to an excess, there may be risks to sovereignty.
Similarly, consider Growth and inequality - If you allow excessive wealth inequality, your society will be inferior.  etc etc. 

A nice movie I just watched, titled Arrival, actually has nice lessons on work, science/language, and zero-sum assumptions.  

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