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Tuesday, May 23, 2017

Two Swedish economists foresaw the backlash against globalisation — here's how to mitigate it

Rodrigo Zeidan, NYU Shanghai

The first article in the series Globalisation Under Pressure looks at work from the 1930s that anticipated the backlash against globalisation.


Economists Eli Heckscher (1879-1952) and Bertil Ohlin (1899-1979) died more than three decades ago. But it’s fair to assume that neither would have been surprised by the underlying causes of Donald Trump’s election as president of the United States, or Brexit for that matter.

Their Heckscher-Ohlin (H-O) model of international trade – developed at the Stockholm School of Economics in the 1930s – clearly predicted today’s middle-class discontent bellowing at the ballot box.

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Thursday, May 18, 2017

Brexit: London's loss in euro trade

Financial Times: London's euro clearing dominance has been in the spotlight since the Brexit vote, as Europe would like this returned. The FT's Philip Stafford and Daniel Hodson, chairman of FSNForum and board member of Vote Leave, discuss the merits of such a move.

 

Wednesday, May 17, 2017

Thug Nation: Venezuela’s broken socialist revolution

FT Video: Once touted as a beacon of revolutionary socialism, today there are fears that Venezuela is on the cusp of becoming a failed state. Andres Schipani and Ben Marino report on the spiralling violence and economic, social and political crisis facing the oil-rich nation.

Last year 29,000 people were murdered in Venezuela

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