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EconoGraphics

Sep 30, 2016

Myanmar: Post-Sanctions Landscape

By Filippos Letsas

On the occasion of Myanmar’s State Counselor Aung San Suu Kyi’s recent visit to the United States (U.S.), President Obama announced that executive sanctions on Myanmar would soon be lifted. This will grant Myanmar greater access to the U.S. market and encourage U.S. companies to invest in the country. Trade between the two countries remains at relatively low levels (i.e. $225 million in 2015), with U.S. investment to Myanmar accounting for only 0.2% of the country’s Foreign Direct Investment (FDI).

Economy & Business
Financial Sanctions and Economic Coercion

EconoGraphics

Sep 13, 2016

TTIP = So (Ger)Many Benefits

By Filippos Letsas

As the most export-driven major economy in the European Union (EU), Germany stands to benefit greatly from a robust Transatlantic Trade and Investment Partnership (TTIP) agreement.

Economy & Business
European Union

EconoGraphics

Jul 12, 2016

Taking Stock of European Banks: Improvements Amid Challenges

By Nathaniel Rome

Since the British referendum, Europe’s banking sector has come under renewed scrutiny from financial markets as well as European Union officials and finance ministers. A primary focus is on Italy – which has accumulated $400 billion in gross bad loans – and the EU-Italy talks about how to recapitalize the weak Italian banks.

Economy & Business
European Union

EconoGraphics

Jun 29, 2016

Econographics – TTIP

By Nathaniel Rome

The United Kingdom’s (UK) vote last week to leave the European Union (EU) has raised questions about the future of the Transatlantic Trade and Investment Partnership (TTIP). TTIP is a trade agreement currently being negotiated by the United States (US) and the EU that will eliminate tariffs, reduce red tape, and set a new standard for international trade agreements. Following the Brexit vote, US Trade Representative Michael Froman and European Commissioner for Trade Cecilia Malmström released statements reaffirming their commitment to TTIP.

Economy & Business
European Union

Bremain vs Brexit

Jun 21, 2016

London Riches Falling Down

By Nathaniel Rome

London is the undisputed financial capital of Europe, and is rivaled only by New York City for the top spot worldwide (Global Financial Centers Index). When competing on a level playing field, London outperforms other major European financial centers because of the superior human capital, infrastructure, and regulatory environment of the city. London dominates 78 percent of European FOREX trading and generates a trade surplus worth tens of billions of pounds (UK Office of National Statistics).

Economy & Business
European Union

Bremain vs Brexit

Jun 9, 2016

Britannia, Rule the Trade!

By Nathaniel Rome & TK Spandhla

The decades following World War II experienced an explosion of global trade. The annual growth rate of global exports averaged 8 percent in the 1950s, 9 percent in the 1960s, and 20 percent in the 1970s (World Trade Organization). During this boom of global trade, the volume of UK exports grew in absolute terms. However, up until the mid-1970s, the UK trade growth lagged behind the global average.

Economy & Business
European Union

EconoGraphics

Jun 1, 2016

Not The Time to Falter: Economic Sanctions Against Russia

By Alvaro Morales Salto Weis

As the European Union (EU) prepares to unanimously extend its economic sanctions on Russia when they expire on July, it is a good opportunity to take a closer look. After Russia´s illegal annexation of Crimea and interference in Eastern Ukraine, the U.S. and the EU enacted economic sanctions in a coordinated manner, which were followed by other Allies and partners like Canada and Australia.

Economy & Business
Europe & Eurasia

EconoGraphics

Apr 13, 2016

Europe’s Path to Budget Equilibrium

By Alvaro Morales Salto Weis & TK Spandhla

The European Union’s 28 member nations are required by Stability and Growth Pact to keep their budget deficits to within 3 percent of GDP. According to the European Commission forecast (as of winter 2016) six countries will exceed this level in 2016: the U.K., France, Spain, Greece, Croatia and Portugal. Romania will post a deficit at the threshold. This is an improvement from 2009 and 2010, when no fewer than 22 EU countries overstepped the deficit limit.

Economy & Business
European Union

EconoGraphics

Apr 1, 2016

The European Refugee Surge: Transforming Challenges into Opportunities

By Alvaro Morales Salto Weis & TK Spandhla

Asylum applications to the European Union (EU) set an all-time record in 2015, more than doubling the 2014 figure, according to EUROSTAT. After the recent agreement between Turkey and the EU, the influx of refugees is expected to decrease significantly.

Afghanistan
Europe & Eurasia

Bremain vs Brexit

Mar 24, 2016

A Costly Goodbye

By Alvaro Morales Salto Weis & TK Spandhla

On June 23, British citizens will decide on a referendum whether the UK stays or leaves the EU. The consequences of a vote to leave, or Brexit, could decide the UK’s place in the world for generations.

Economy & Business
European Union

Content

EconoGraphics

Feb 6, 2018

Secondary Sanctions: A First Glance

By Ole Moehr

This edition of our EconoGraphic blog explains the difference between primary and secondary sanctions, outlines how secondary sanctions work, and uses a case study to demonstrate how the United States employs secondary sanctions in the real economy.

China
Economy & Business

EconoGraphics

Jan 22, 2018

The Irish Border Question

By Ole Moehr

The future of the Irish border is one of the key sticking points in the ongoing Brexit negotiations between the European Union (EU) and the United Kingdom (UK).

Economy & Business
European Union

EconoGraphics

Dec 22, 2017

Parties Supporting Independence Win Slim Majority, But Catalonia’s Complex Stalemate Continues

By Michael Farquharson & Alvaro Morales Salto-Weis

The outcome of yesterday’s regional elections in Catalonia reflects the electorate’s deep polarization on the issue of regional independence.

Economy & Business
Southern & Southeastern Europe

EconoGraphics

Dec 12, 2017

Catalonia: Secession Recession?

By Michael Farquharson & Alvaro Morales Salto-Weis

The region of Catalonia will hold critical elections on December 21. The stakes are high: the region unilaterally declared its independence on October 1 and subsequently saw the rule of its regional government suspended by Madrid’s central government pursuant to Article 155 of the Spanish constitution.

Economy & Business
Southern & Southeastern Europe

EconoGraphics

Nov 27, 2017

Tariff on the Rising Sun

By Michael Farquharson & Ole Moehr

In April of this year, Suniva, a Chinese-owned, US-based solar manufacturer filed a rarely-used Section 201 petition with the US International Trade Commission (ITC), requesting the imposition of minimum prices for solar module imports into the United States. In May, German-based SolarWorld joined Suniva’s petition, and in September, the ITC ruled in favor of the plaintiffs, ultimately recommending up to a 35 percent tariff on imported solar modules.

Economy & Business
Renewables & Advanced Energy

EconoGraphics

Nov 7, 2017

Multilateral Sanctions: Brexit Wrecks-it?

By Michael Farquharson & Ole Moehr

On October 3, 2017, the Atlantic Council hosted a conference with experts from the public and private sector to discuss the impact of Brexit on economic sanctions policymaking. The United Kingdom (UK) currently plays a considerable role crafting and implementing sanctions policy in the European Union (EU). Transatlantic cooperation and sanctions alignment are vital to ensure the effectiveness of this essential foreign policy tool.

Economy & Business
European Union

EconoGraphics

Oct 20, 2017

The US Infrastruct-cure

By Michael Farquharson & Ole Moehr

Infrastructure investment stimulates economic growth. According to McKinsey & Company, an increase in infrastructure investment equal to 1 percent of gross domestic product (GDP) would convert into an additional 1.5 million direct and indirect jobs in the United States. America’s infrastructure is in a state of disrepair.

Economy & Business
Europe & Eurasia

EconoGraphics

Sep 25, 2017

Crude Awakening

By Ole Moehr

On August 2, 2017, US President Donald J. Trump signed into law H.R.3364, a new set of economic sanctions aimed primarily on Russia (with additional measures adopted against Iran and North Korea). Essential to the success of any sanctions regime is its alignment.

Economy & Business
European Union

EconoGraphics

Jul 25, 2017

The Apprentice

By Samuel Weitzman

On June 15, 2017, US President Donald J. Trump issued Executive Order 13801, which sought “to promote affordable education and rewarding jobs for American workers” by increasing the number of apprenticeship opportunities. Trump’s stated goals are ambitious. With a proposed ApprenticeshipUSA budget of $200 million (roughly double the previous amount), the president wants to increase the number of US apprenticeships from 505,000 in 2016 to 5 million by 2022.

Economy & Business
United States and Canada

EconoGraphics

Jul 6, 2017

The Big Chill(ing effect)

By Samuel Weitzman

In March 2014, the United States and the European Union (EU) issued the first in a series of sanctions against the Russian Federation for its destabilization of Ukraine and annexation of Crimea. These restrictions, which initially focused on senior Russian government officials and private individuals, have expanded to include large corporations, financial institutions, and even entire economic sectors. In retaliation, Russia has adopted counter-sanctions of its own.

Economy & Business
European Union