Economics and Globalization | Wilson Center

Economics and Globalization

Behind Asia’s Other Trade War

While the trade war between Washington and Beijing has garnered significant attention, another trade war between two of the world’s largest and most advanced economies is heating up. Japan and South Korea are the world’s third- and twelfth-largest economies, respectively, representing an annual GDP of greater than $6.5 trillion. Yet trade friction between Tokyo and Seoul has intensified as a political standoff, rooted in history and inflamed by domestic politics on both sides, has begun to impact the economies of two critical American allies and global supply chains.

Infographic: The Future of Work in Figures

Source: The Future of Work, OECD Employment Outlook 2019

America’s Highly Skilled Workforce, the Talent Pipeline, and H-1B Visas

Shortages of highly skilled professionals are one of the most significant challenges for industries across the United States. Many observers believe that government and industry-led training initiatives, access to high-skilled foreign nationals, and robust STEM education programs can and should be part of the solution.

The Aftermath of a Lackluster G20

Risks to global growth still loom large, not least as trade tensions between China and the United States remain unresolved after the latest G20 summit. Yet the biggest takeaway from the Osaka meeting is that the real, long-term threat to global stability is not friction over tariffs and trade imbalances. Rather, the biggest source of instability is the growing divide between the world’s two largest economic and political powers, and the rest of the world.

Recap: G20 Beyond U.S.-China Dynamics: What the G18 Want and Need

Established in 1999 after the Asian financial crisis, the G20 aims to enhance global financial regulations and collaboration. The scope of the G20 has expanded considerably over time as leaders use the platform for conversations on critical political issues along with economic discussions.  At the recent summit in Osaka, Japan, media attention was drawn to the sideline meeting between U.S.

AMLO & the Fourth Transformation: One Year After His Historic Election Victory

It has now been one year since the victory of President Andrés Manuel López Obrador, an election that was won with the promise of a Fourth Transformation in Mexico. As part of this transformation, López Obrador promised to end corruption, grow the Mexican economy, reduce violence, build infrastructure, and expand social programs designed to reduce poverty and inequality. Six months after taking office, he has maintained a high level of popular support while aggressively pursuing his agenda and managing a challenging relationship with the U.S. administration.

An Obscure Organization with Outsize Importance

Last week in Orlando, the Financial Action Task Force (FATF) convened one of its regular meetings.

FATF is not exactly a household name, and not surprisingly its meeting garnered relatively little global media attention. And yet the organization plays a significant global role—and particularly with regards to Pakistan.

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