Showing 1 - 10 of 17
Still haunted by Washington Consensus
Oped, Published on 11/06/2024
» In 1989, the British economist John Williamson christened what was to become the defining intellectual export of the era of globalisation: the Washington Consensus. Initially a reference to the policies adopted to tackle macroeconomic turmoil in Latin America, the term quickly morphed into a canonical "ten commandments" of development.
Europe's carbon border tax fights climate change
Oped, Jeffrey Frankel, Published on 29/05/2024
» The European Union's Carbon Border Adjustment Mechanism (CBAM), officially launched in October, now requires importers to report on the direct and indirect greenhouse gas (GHG) emissions embedded in the goods they import. Beginning in January 2026, the EU will start imposing tariffs on imports from countries that do not price carbon at the bloc's market rate, which could significantly affect carbon-intensive producers among its trading partners.
The high costs of new US tariffs on Chinese EVs
Published on 25/05/2024
» US President Joe Biden’s administration has just announced 100% tariffs on electric vehicles (EVs) manufactured in China, prompting Donald Trump to promise a 200% tariff on Chinese cars made in Mexico if he is elected in November. Neither policy would have notable effects on the US car market because imports of Chinese EVs are minuscule, owing to past tariffs and the anti-Chinese sentiment that has gripped the country in recent years. Nonetheless, the announcement is significant for three reasons.
The high costs of new US tariffs on Chinese EVs
Oped, Published on 25/05/2024
» US President Joe Biden’s administration has just announced 100% tariffs on electric vehicles (EVs) manufactured in China, prompting Donald Trump to promise a 200% tariff on Chinese cars made in Mexico if he is elected in November. Neither policy would have notable effects on the US car market because imports of Chinese EVs are minuscule, owing to past tariffs and the anti-Chinese sentiment that has gripped the country in recent years. Nonetheless, the announcement is significant for three reasons.
Why the US can't win trade war with China
Oped, Published on 22/05/2024
» Allegations about China's manufacturing overcapacity have sparked heated discussions among policymakers. During her visit to China in April, US Treasury Secretary Janet L Yellen reportedly argued that "when the global market is flooded by artificially cheap Chinese products, the viability of American and other foreign firms is put into question", adding that it was the same story a decade ago.
Build trust in Thai rice
Oped, Editorial, Published on 21/05/2024
» The all-out effort by the Pheu Thai-led government to auction decade-old rice from Yingluck's rice-pledging scheme raises questions about the party's political acumen.
Stark reality behind economic figures
Oped, Chartchai Parasuk, Published on 16/05/2024
» At the time of writing this, the official Q1 GDP has not been announced by the National Economic and Social Development Council (NESDC). I expect the growth figure will be around 1.2%. My own estimation, using the Output Approach and actual sectoral production index, gives a growth figure of 0.98%. Detailed data are in the below table.
Who's directing behind the scenes?
News, Veera Prateepchaikul, Published on 13/05/2024
» The speechwriter who wrote the speech delivered by Pheu Thai Party leader Paetongtarn Shinawatra at the party meeting on May 3 did a lousy job which consequently put her in hot water.
Clean air comes before animal feed
Published on 12/05/2024
» As toxic smog chokes the country without signs of clearing, the government aims to become the world’s top exporter of animal feed. This is a slap in the face of the populace because they have been suffering from the industry’s harmful effects on health and the environment for over two decades.