Environmental Securities and Risk

I read an interesting critique of the current U.S. economy…the general premise was that a significant amount of American finance has replaced investments in real goods and services with investments in financial derivatives (investments in ‘repackaged money’).
This is a cautionary tale…the more abstract our economy becomes, the more risk our society assumes.
I’ve also read the [...]

WTO Talks

The Doha trade talks collapsed on Tuesday when the U.S. resisted allowing China and India a loophole that would have protected farmers from a sudden surge in imports.
For the full story:
http://www.spiegel.de/international/world/0,1518,569027,00.html

Globalization

I’ve watched with interest the various conversations, policies, and politics of globalization over the past few years. It is a vast concept…and suffers from great generalizations in the media and the political arena.
I’ve been a bit of a skeptic about much of the trade liberalization…at the same time I’ve read many well-respected economists riding the [...]