By May 16, 2013 Read More →
“The Death-Sprial of Mercantilism” A perspective on the current global macro environment

“The Death-Sprial of Mercantilism” A perspective on the current global macro environment

Hendry writes:

“We still see the global economy grotesquely distorted by the presence of fixed exchange rates, the unravelling of which is creating financial anarchy, just as it did in the 1920s and 1930s. Back then the relevant fixes were around the gold standard. Today is it the dual fixed pricing regimes of the euro countries and of the dollar/renmimbi peg. The former is common knowledge – everyone wonders whether the Greeks have a political economy that can work with the euro. The second system is less understood.”

 

Posted in: Global Economy

About the Author:

William Oliver is Nabateans’ editor for international economics and Middle East current affairs. He obtained his degree in History from the School of Oriental and African Studies in London. While his studies focused on the Middle East in the 18th and 19th centuries, William has a long-standing interest in international finance and the political economy of development. William’s work is aimed at understanding how the Middle East integrates with the global economy, and into the wider geopolitical landscape.

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