Macroeconomics
The TPP, a trade deal for a globalized world
It's too early to tell whether Congress should ratify the Trans-Pacific Partnership treaty that the Obama administration negotiated with 11 countries on both sides of the Pacific Ocean. The details matter, and the actual text of the agreement won't be released for a few weeks. Yet the very fact that negotiators from a dozen nations were able to strike a deal reflects the inescapable reality that trade is more globalized than ever before, which is why the administration is right to pursue agreements that promote higher standards for commerce in the 21st century.
Increasing trade around the world is a net positive in theory because it means more goods will be produced and consumed,...
Related "Macroeconomics" Articles
The TPP, a trade deal for a globalized world
It's too early to tell whether Congress should ratify the Trans-Pacific Partnership treaty that the Obama administration negotiated with 11 countries on both sides of the Pacific Ocean. The details matter, and the actual text of the agreement won't be...
When brain says buy, you may not know why
Billions of neurons fire in the brains of stock market traders as they decide whether to buy or sell shares in a matter of seconds. Some of these brain waves produce rational calculations about how best to make a profit, but others may not, suggests new...
Global economic growth is expected to speed up this year
WASHINGTON — After a long and lumpy recovery, the world economy may finally be at a turning point with global growth expected to accelerate this year behind the rising strength of the U.S. and other major developed countries.
But world finance leaders...