Articles in English

US President Donald Trump’s administration has underestimated China’s resilience and strategic resolve. With the Chinese economy slowing, the US believes that China is hurting and desperate for an end to the trade war. But with ample policy space to address the current slowdown, China’s leadership has no need to abandon its longer-term strategy. While a cosmetic deal focused on bilateral trade appears to be in the offing, the sharp contrast between the two economies’ fundamental underpinnings points to a very different verdict regarding who has the upper hand

04 марта 2019 5 мин. 8925

Intellectual Freedom and Its New Enemies

The World War I exhibit at the House of European History in Brussels offers visitors an arresting sight. In a simple yet dramatic gesture, the museum has placed the pistol used in the June 1914 assassination of Archduke Franz Ferdinand in a glass-paneled cabinet right in the center of the room

01 марта 2019 4 мин. 7329

Migration Myths vs. Economic Facts

On December 19, 2018, the United Nations General Assembly voted to adopt the Global Compact for Safe, Orderly and Regular Migration, with 152 votes in favor, five votes against, and 12 abstentions. Supporters hailed the Compact as a step toward more humane and orderly management of migration, yet opposition remains formidable

28 февраля 2019 5 мин. 7452

Elon Musk's Tesla Tweet Puts CEO Role At Risk Again

Elon Musk's in trouble for another tweet — and this time, the Securities and Exchange Commission is seeking a ruling that revives the possibility he could lose his Tesla CEO job

27 февраля 2019 5 мин. 8921

Brexit’s Lost World

Dramatic changes have swept the world since British voters decided in 2016 to leave the European Union. None of them could have been easily foreseen in 2016, but their occurrence makes avoiding a no-deal Brexit a matter of urgent national security for the UK

26 февраля 2019 5 мин. 9230

What Next for Venezuela?

The world has witnessed many sharp economic declines over the years, but Venezuela’s is surely one of the worst to date. The country has experienced a loss of real (inflation-adjusted) GDP greater than that of most war-ravaged countries during World War II, and its inflation rate is expected to reach 10,000,000% this year. At well over 100 times the black-market rate, the official exchange rate depreciates so rapidly that a quote has lost its meaning by the time it is published

25 февраля 2019 5 мин. 8679

How Can We Tax Footloose Multinationals?

In the last few years, globalization has come under renewed attack. Some of the criticisms may be misplaced, but one is spot on: globalization has enabled large multinationals, like Apple, Google, and Starbucks, to avoid paying tax

22 февраля 2019 4 мин. 11996

Tax Transparency Rules

We have entered the new era of absolute exchange of information between the tax authorities of different countries. In addition, soon certain information about taxpayers will be available in the public registry