The United States has made clear its position for a renegotiation of the North American Free Trade Agreement, trying to prevent a foreign exchange manipulation.
Don’t worry, the robots won’t destroy all our jobs. History suggests just the opposite -- that new technologies inspire new jobs. So concludes a study from leading labor economists. It’s a useful antidote to widespread fears that robots and “artificial intelligence” will displace millions of workers and lead to permanently high joblessness.
The biggest challenges facing Latin America are "geopolitical uncertainty," "technological change" and the "displacement of the center of gravity toward Asia," experts at the 1st European Investment Forum in Uruguay said in Montevideo on Wednesday.
The Trump administration is determined to renegotiate the North American Free Trade Agreement (NAFTA) -- which created a single market from Mexico’s southern border to the Yukon -- but the main political appeal of this policy rests on a popular myth: that “fair” trade requires the United States to have a surplus or balanced trade with both Mexico and Canada.
El gobierno de Trump está decidido a renegociar el Tratado de Libre Comercio de América del Norte (TLCAN)—que creó un mercado único desde la frontera sur de México hasta el Yukon—pero el principal atractivo político de esta política yace en un mito popular: que un comercio “justo” requiere que Estados Unidos tenga un exceso comercial o un equilibrio comercial tanto con México como con Canadá.
According to a Wall Street Journal report, the US investment bank, Goldman Sachs, last week made a purchase of bonds issued in 2014 by the Petroleos de Venezuela Company, worth $ 2.8 billion.
Globalization has gotten a bad rap. The Trump White House associates it with all manner of economic evil, especially job loss. The administration has made undoing the damage a central part of its economic strategy. This will almost certainly fail and disappoint, because globalization’s ill-effects have been wildly exaggerated.
La globalización adquirió mala fama. La Casa Blanca de Trump la asocia con todo tipo de males económicos, especialmente la pérdida de puestos de trabajo. Dar marcha atrás en los males que ha causado constituye una parte central de su estrategia económica. Esa idea sin duda fracasará y decepcionará, porque los efectos nocivos de la globalización fueron enormemente exagerados.
There has been much focus on Donald Trump’s erratic foreign policy -- the outlandish positions, the many flip-flops, the mistakes. But far more damaging in the long run might be what some have termed the Trump effect -- the impact of Trump on the domestic politics of other countries. That effect appears to be powerful, negative and enduring. It could undermine decades of American foreign policy successes.
Yesterday's elections in France gave the victory to Emmanuel Macron, with 65.5% of the votes, transforming him into the youngest president in the history of the European country.