EACC INSIGHTS

EACCNY's latest member analysis & resources

In this edition: Globalism with insights from former WTO Director-General Pascal Lamy, 24th Premier of Quebec Pierre-Marc Johnson, and more!

Volume II - Globalization: Time for a Rethink? EACCNY members share their thoughts on global trade, finance, and politics

Globalization: Time for a Rethink? Andrew Chrismer , Lead Editor, EACC Insights What ca n we make of the state of the global economy today? Who controls it’s many levers, and how can it be regulated or deregulated in a world trade order ever more clouded by protectionism and trade-skepticism? The transatlantic community is dealing with tariffs and redefining friends and foes. Meanwhile, Britain prepa res for Brexit and a potential hard landing out of the single market. The tenets of global trade policy set up over the previous several decades have been deemed, by some, the culprit of the injustices suffered by the working classes in the EU and the US. But how did we get here, and what, if any, warning signs did we miss?  Read the Editor's Note here

WHAT WE ARE THINKING Is Trump Aiming to DEglobalize Us? by Pascal Lamy, former Director-General of the WTO The Enduring Case for Trade by Pierre-Marc Johnson, 24th Premier of Quebec and Lead Negotiator for the Government of Quebec for CETA Cities as Drivers Of Prosperity: What’s Behind the Success of Urban Centers by Scott Ferguson, CEO, World Trade Centers Association Global SHOCK by Maurice Marchand-Tonel, Honorary Chairman, EACC Paris A Rejection of Globalization: Blockchain and Crypto-currency Regulation by Johanna Collins-Wood, Associate, Pepper Hamilton Scaling the “Invisible Wall”: Considerations for US and Foreign Employers in Trump’s America by Dana DiRaimondo and Sara Schroeder, D & S Boutique Business Immigration Globalization in the Workplace: the Hard Case for Soft Skills by Mark Overmann, Vice President of External Relations

WHAT WE ARE READING How to Rescue the WTO by the Economist Trump may Kill the Global Recovery by Project Syndicate When a Trade Agreement Represents a Global Vision by the Globalist U.K. Says EU Must Help on Brexit to Avoid 'No Deal by Accident' by Bloomberg The Missing Profits of Nations by VoxEU The first casualties of the trade war are Trump supporters by Sam Natapoff, President, Empire Global Ventures

WHAT WE ARE WATCHING The Myth of Globalization by TED The Culture Map by INSEAD's Erin Meyer The Globalization Paradox with Dani Rodrik by CORE What Global Trade Agreements are Really About, Hint: it's not trade by TED

WHAT WE ARE HEARING Sam Harris: Globalism on the Brink: A Conversation with Ian Bremmer, President and CEO, Eurasia Group "Eurotragedy: A Drama in Nine Acts” (Oxford UP, 2018) from New Books in Economics in Podcasts Trade Knowledge Exchange Kick Off Seminar with Pascal Lamy, former Director-General of the WTO Brexit and the Future of Europe with Catherine Barnard, Professor, University of Cambridge A new phase in the relationship between the United States and the European Union by EU Now Tracking the Rise in Global Economic Inequality: new evidence from the world inequality report 2018 by LSE Lectures

COUNTRY SPOTLIGHT

Portugal Portugal is one of the oldest countries in the world and was firstly recognized as an independent kingdom in 1143. It is has a prime geostrategic location between Europe, Americas and Africa, on the southern west coast of Europe, inside the Iberian Peninsula. It borders with Spain on the north and east, and with the Atlantic Ocean in the west and south. Read more about Portugal here. View Portugal's Trade Brochure here.

GRAPHIC INSIGHTS

The current account of a country is it’s accounting of imports minus its exports. The European Union has generally run a trade surplus, while the United States has run significant current account deficits since the 1990s. Running current account deficits does not necessarily signal trouble, but many economists have signaled in recent years the potential problem of running “twin deficits” –current account deficits and a massive budget deficits happening simultaneously.

GDP in advanced economies is expected to slow or contract in coming years, with inequality rising in almost all developed countries into the next two decades. Many experts believe that rising inequality is a result of increased globalization, hyper-specialization within the labor force, and the reallocating of natural and human resources.

More graphic insights here. ‌

A CALL FOR CONTRIBUTIONS FOR EACC INSIGHTS VOLUME III: DEALING WITH DATA & INFORMATION (OVERLOAD)

Share YOUR Thoughts & Insights! Is my Data Analyst a genius or a hack? How do new media and information sources impact business decision making? Do my stakeholders and customers value privacy over profit? How can I market to robots? Break off a piece of this conversation - start thinking, and submit your ideas for a piece (a draft title and a 100 word lead) to marketing@eaccny.com. We look forward to hearing from you!

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