Monday, December 10, 2018

US vs China Tech War raising risk of Thucydides Trap? Part 2

The agreement at the December 1 presidential dinner meeting of the US and China following the G20 summit in Buenos Aires, to freeze further moves on tariffs during a 90-day period when the two countries would seek agreement on trade and other issues, was followed with typical Trumpian exaggeration and confusion. Then mid-week American prosecutorial overreach highlighted the tech war between the two giant economies as the US seeks to contain the emergence of China as a global technology power.

Sunday, December 02, 2018

EU GDP per capita outpaced UK and US in 2000-2018

Andrew Sentance, who was a member of the Bank of England’s (BoE) interest-rate setting committee in 2006-2011, this week posted on Twitter the first chart here, showing that in the period 1972-2017, average GDP per capita of the G7 (Group of Seven industrialised nations) was highest in Japan, followed by the United Kingdom, the United States and Germany, Canada, France and Italy.