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Tag Archives: Globalization

The Agribusiness Alliance for a Green Revolution Failed Africa

Yves here. Agriculture/food sustainability expert Tim Wise speaks to Lynn Fries on how the promise that “modern,” as in “green revolution” or Big Ag approaches would revolutionize food production in poor nations and reduce hunger. Revolutionize they sure did, but not in the way they promised, in terms of results. As Wise explains, this push to displace small farmers and traditional practices hasn’t simply enriched foreign business interests. It has increased hunger. By Lynn Fries. Originally...

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John Deere Strike: A Union Member Explains How Bad Faith Dealings Produced Today’s Grievances

Yves here. Reader TroyIA, who works at John Deere, has graciously provided us with an important background to strike, most of all the too-clever provisions that management won in past contract negotiations that turned out markedly worse for union members than they were led to believe. A centerpiece is the hated incentive plan CIPP, which not only due to tricks and traps regularly fails to yield any payments despite a unit appearing to hit targets, but can even deliver negative payments, as in...

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Spike in Energy Prices Suggests That Sharp Changes Are Ahead

Yves here. Leroy R recommended the last Gail Tverberg piece, where she broadens out from her usual focus on energy to the issues of complexity and collapse. I decided to repost it because it’s meaty and thus likely to provoke a good discussion. That said, while I agree completely with her overview statement, that the trend towards complexity has gone too far, I have to beg to differ with her in making energy a central driver. What has made the increase in “complexity” destabilizing is that it...

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Brexit: David Frost’s Bluster Can’t Wish Away the Northern Ireland Protocol

Yves here. I am behind in providing an update on the state of Brexit, now that the UK has officially gotten stroppy over the Northern Ireland protocol and the EU has formulated some fixed. But this openDemocracy piece provides a good overview of the issues in play, especially the UK’s belief that it holds a trump card in its threat to trigger an Article 16 dispute. Regular readers will note that the UK, true to form, is overplaying its hand. By George Peretz, a queen’s counsel in England and...

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On the Economic Geography of Climate Change

By Giovanni Peri, Professor of Economics and Director, University of California, Davis. and Frédéric Robert-Nicoud, Professor of Economics, University of Geneva. Originally published at VoxEU. Climate change is a defining challenge of our times. This column introduces a special issue of the Journal of Economic Geography on climate change, which provides foundations for well-informed policymaking by addressing two main themes of the economic geography of climate change. First, climate change...

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The Supply Chain Crisis: How We Got Here

Advanced economies are in the throes of what can, without exaggeration, be called a global supply chain crisis. Car makers unable to meet demand and even in many cases produce full featured cars due to chip shortages. Shipping rates spiking then collapsing due to a lack of containers and truckers at ports. Petrol and food shortages in the UK. Warnings even in the US to buy Christmas gifts now because they might not be available later. And there are also increasing reports of shortfalls of...

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Mzukisi Qobo: The Old Mantra About Growth Has Reached Exhaustion

Yves here. This is a very informative discussion, both on how South Africa and its neighbors have responded to Covid, and even more important, how they are thinking about development in light of resource pressures and relocalization. I suspect you’ll find this talk with Mzukisi Qobo to be far more insightful and nuanced than what you encounter from the overwhelming majority of first world economists. By Folashadé Soulé, Advisor, Commission on Global Economic Transformation and Senior Research...

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The Neverending Brexit: Flailing Johnson Set to Try to Renege on Commitment to Respect Good Friday Agreement

Our Brexit brain trust (Clive, Colonel Smithers, David, PlutoniumKun and vlade) have had an extended and very informative discussion of an impending Brexit spat in the Telegraph, over the unresolved sore point of the Northern Ireland protocol, as in the irritant of the promise to respect the Good Friday Agreement. Even though they have important nuances in their views, they are largely on the same page and I hope to give a recap that doesn’t offend any of them. Note that this sighting may...

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European Investment Scammers Allegedly Laundered Their Money through Scotland

Yves here. Our Richard Smith is back! As you can see below, he’s a co-author of a new piece at openDemocracy on a favorite topic: how shady investment vehicles like Scottish limited partnerships facilitate scams and money laundering. Richard took up this beat when a friend lost a lot of money to an international scammer. He discovered that the authorities won’t get out of bed if the ripoff is below $20 million, and even then it’s hard to get their attention, since cross border crime is...

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Just Keeps Getting Worse: Services Trade Surplus, the American Dream-Not-Come-True, Worst in 10 Years. Imports Worst Ever. Trade Deficit Worst Ever

Yves here. Admittedly I have a warped sample from here in Alabama, but our aides, who tell stories of the messes in their lives and those of family members (like how catastrophic a car breakdown or emergency root canal can be for finances) are giving me a far more graphic picture of the life of the just-above-poverty class is like. For instance, the mother of one aide’s boyfriend is dying slowly of gangrene. They keep cutting more pieces off her but the end point seems inevitable. The point...

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