On US Tariffs

Tariffs are the oldest instrument in trade policy and, under this administration, the most aggressively deployed. The question is not whether they will reshape global trade — they already have — but whether they serve a coherent strategic purpose or…

On supply chains

Global supply chains today are shaped by tariffs, labor costs, geopolitical risks, and logistical complexity. While tariffs aim to protect domestic industries, consumers often bear the brunt. High U.S. production costs, especially in labor-intensive sectors, hinder competitiveness compared to countries like China and Mexico. The U.S. remains strong in low-labor, high-tech industries…

Public debt: a central Issue in global finance

Here is a clear and structured English reformulation of the topic you outlined, emphasizing the centrality of public debt in today’s financial landscape: Public debt has become a defining feature of the global economic landscape, increasingly viewed not just as…

The United States Investment Accelerator

Executive Order 14255 of March 31, 2025 creates a new initiative—the United States Investment Accelerator—to streamline and support major investments in the U.S. economy, particularly those over $1 billion. The order asserts that current U.S. regulatory systems are overly complex and burdensome, slowing…

A digital euro

The digital euro is a proposal by the European Commission, currently at an advanced stage of legislative development, aiming to introduce a new form of central bank money in digital format, directly accessible to the public — meaning citizens and businesses — for…

ReArm Europe initiative

European Commission President Ursula von der Leyen has introduced the “ReArm Europe” initiative, aiming to enhance the European Union’s defense capabilities in response to escalating security threats. The plan proposes mobilizing up to €800 billion for defense investments, focusing on…

IMF Blog on Trade Balances in China and the US

an IMF blog post The document argues that the trade balance (the difference between exports and imports) of China and the United States is primarily driven by domestic macroeconomic factors rather than industrial policies aimed at boosting exports. Why…

US Wealth fund

Establishing a U.S. sovereign wealth fund (SWF) is a concept that has garnered both interest and skepticism. While it presents opportunities for strategic investment and economic resilience, it also poses significant challenges given the United States’ fiscal landscape and political…

The Lie as Listener-Design

A lie rarely springs from thin air; it is shaped around an imagined outline of the listener’s hopes, fears, and plausibilities. Oscar Wilde, in The Decay of Lying, calls deception “the telling of beautiful untrue things,” yet insists that such beauty…

Risk: the probability of an adverse future event

The concept of risk has become increasingly salient in international relations, particularly in the context of decision-making under uncertainty, strategic forecasting, and global governance. Despite its ubiquity, risk remains an elusive and contested notion. Within the discipline, there is a growing recognition…

Sanctions on Hybrid Operations in Africa

The Council Implementing Regulation (EU) 2024/3188 of 16 December 2024, enforcing Regulation (EU) 2024/2642, introduces targeted restrictive measures against individuals and entities involved in destabilizing activities attributed to the Russian Federation. A significant portion of these measures addresses actions specifically related to Africa.…

A quite interesting paper by RAND: Strategic blunders — serious missteps with unintended negative consequences — often stem from leaders relying on oversimplified or flawed mental models to navigate complex decisions

A quite interesting paper by RAND: Blinders, Blunders and Wars The document points out that strategic blunders — serious missteps with unintended negative consequences — often stem from leaders relying on oversimplified or flawed mental models to navigate complex decisions.…

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