by Stephen Yim, GEI Associate
The new gas deal between China and Russia, estimated to be worth around $400 billion, is yet another indicator of the fast and steady, albeit recent growth of Russian economy. China's need for alternative fuels other than coal and Russia's need for reducing dependency on gas exports to Europe resulted in an agreement that took well over a decade to negotiate. However, there are questions to be answered-what is to be expected from this new deal, and what are the immediate and long-term implications for trade dynamics of the region?
I was trained as an economist, but that does not mean I think economics determines absolutely everything. However on occasion the impact of economic factors proves so strong that the causality is obvious. So it is with the results of the elections to the European Parliament, when far-right parties achieved phenomenal success.
June 6th, 2014
in Op Ed
by Dirk Ehnts, Econoblog101
Florin Aftalion published an account of the financial and fiscal problems before, during and after the French Revolution in 1987 (1990). Apparently, in the 1780s the French people were fed up with the way that taxes were collected and also with the way that government spent. There was some knowledge about what was later termed the quantity theory of money, thus linking price level and quantity of money (p. 44):
June 5th, 2014
in Op Ed
by Robert Huebscher, AdvisorPerspectives.com
For the last several years, nobody has been more outspokenly bearish on Japan than Kyle Bass. In a recent talk, Bass reiterated his doubts about Japan’s chances of averting a debt crisis. What’s more, he also said China’s economy will fall below expectations.