RCEP

Can Trump wreck the world trading system?

New Zealand is such a small country that it is very easy to be internationally bullied. Much of our diplomatic effort aims to minimise such bullying, but fear of it lurks behind concerns about what a Trump administration might do, not only to us but the rest of the world. Could the US, big enough to be hard to bully, disrupt the world trading system?

Too much of pop-economics is misleading to the point close to being lying. No wonder there is a widespread rejection of it by the populace. 

Journalists and other populisers get away with an economics which does not quite lie, but is often very misleading. This applies to Brexit, but let’s start off with the TPPA (Trans Pacific Partnership Agreement).

It is unclear why anyone is voting for Britain leaving the EU nor, in many cases, why they are voting for remain. What are the possible alternatives? How is Britain or New Zealand to function in an increasingly globalised world?

As I put up this column, the Brits are about to vote on Brexit – whether Britain should withdraw from the European Union. We do not know what the outcome will be, for the opinion surveys are all over the place; in any case turnout may be crucial. In 1975 a similar referendum taken a couple of years after Britain joined went two to one for ‘stay’.