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Posted by Dave on

What is to be done? (About Brexit)

What is to be done? (About Brexit)

It’s turning pear shaped, that Brexit, not as easy as they thought, and maybe worse than Remainers predicted. Here are some notes that I made for the AEIP National Committee meeting. I quote from blog articles of mine and other sources, and will try and turn this into a blog article later in the week. Anyway, as they say on Youtube, let’s get to it …

Posted by Dave on

Brexit, Month One

Brexit, Month One

The post brexit deal, one month on. It’s not going well, both trade, which is down, some say by 68%, due to the economic consequences of non-tariff barriers to entry, mainly paper work, and the consequences of agreeing a border in the Irish Sea are placing massive strains on the Good Friday agreement. Here are some notes.

Posted by Dave on

TPP Mk II

TPP Mk II

While in Europe we were busy campaigning about TTIP and its ISDS clauses, the Obama administration were trying the same trick on their other coast, then called the Trans-Pacific Partnership. Trump pulled out, but the remaining countries completed the treaty, now renamed, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership with a modified a more limited ISDS and intellectual property clauses. The British Govt. have applied to join to the applause of Lord Hannan, an ex MEP and so I think we need to understand the ISDS & IPR clauses, and the direction of travel. If the US decide to rejoin, they will probably seek to ‘improve’ the ISDS and IPR chapters. We should note it has a Commission. Here as ever are my notes.

Posted by Dave on

International Trade and MMT

International Trade and MMT

I have now re-read Chapter 8 of Reclaiming the State and this is what I think they say on International Trade, I plan to simplify it further. I have tried not to insert the anti-arguments, but I am not sure that I agree that “Sudden Stops” can only happen to poor countries. Also if the MMT people are right, then while the fiscal surplus/deficit is not a constraint on macro-economic policy, I am still to be convinced that the balance of trade isn’t! Also MMTers argue that the World Bank/International Monetary Fund/WTO will need to be refactored with new goals based on facilitating trade & development and ensuring that Trade can be financed. If collective/political action is required to ensure that international trade works, why not the EU as the first port of call. Anyway, here’s my notes. …