Mercantilism vs Global Free Trade International economic relations have not been only bringing considerable advantages for each and every country during the globalizing decades, but also easily become a means to manipulate politics for populists, such as the new United States President Donald Trump. Mercantilism, a policy to increase a country’s exports to the point when they exceed its imports, has...

“Globalization and its discontents”, a book by the American Nobel laureate Joseph Stieglitz, has since its first publication in 2003 already turned into classics and a textbook material. Thus its almost revolutionary mission as a harbinger of refined academic criticism of globalization “from inside” may be easily overlooked now. Stieglitz, who had himself worked for the World Bank...

The Sino-American relationship may be the most convoluted affair that has ever existed between two major powers. Since the early 1990s, following China’s rapidly developing power, dealing with China has ultimately become a very heated affair among the U.S. officials and Chinese observers alike. Links between China and the United States are deepening, and at every level the interaction between the...

There is a wide range of literature written on the relationship between education and economic growth. It is often asserted among scholarly circles that investment on education brings higher returns to individuals’ human capital and subsequent increase in their productivity. As much as the productivity of the labor force increases; that is, the output per worker per hour produced increases, so the...

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