Financial Times

An unlikely combination that may help us move on

Professor Robert Wade adds to the recent article from Rana Foroohar for the Financial Times: 

03 October 2018   

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Rana Foroohar is right to say that president Donald Trump’s trade policy is a response to fundamental flaws in the world trade and investment system (“Time to grapple with global trade”, October 1).

The present rules press all sizable economies to adopt free or almost free […]

For African governments to intervene is reasonable

Managing Director for Mining Shared Value and department alumnus, Jeff Geipel responds to Peter Leon’s recent editorial for the Financial Times.  

4  September 2018   

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Peter Leon’s editorial “African nations must resist siren song of resource nationalism” (August 29) is a very problematic piece that cherry-picks outlier examples to attack what is a completely reasonable trend for African governments to intervene more in the mining sector […]

Global playing field is level but only for the west

Professor Robert Wade adds to the recent article from Dani Rodrik for the Financial Times, in which he states that the US and Europe are hypocritical when complaining about China’s infringement on ‘global norms and rules’. 

8  August 2018   

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Dani Rodrik, in “Global trade needs rules that adapt to economic diversity”, misses an important point ( August 6).

He says that “when the US and Europe […]

Challenging the wisdom of ‘more globalisation’

Professor Robert Wade responds to the recent article for the Financial Times by the chief economic adviser to the Government of India, Arvind Subramanian’s, in which he claims the golden age of globalisation is now behind us…  

 

26 April 2018 

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Arvind Subramanian is correct that today’s workers in developing countries face a tougher market for converging in living conditions with counterparts in developed countries than did those […]

Empire spawned a new economic paradigm

Yesterday (03/04/17), Professor Robert Wade had a letter published in the Financial Times in which he responds to a letter from Professor Nicholas Boyle entitled: ‘British’ need help to come to terms with their past.

Sir,  Professor Nicholas Boyle (Letters,  March 30) describes some of the neglected effects on Britain of acquiring and running a global empire for over 200 years. We should […]

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    ‘Scale-ups’ are the true engines of growth – Professor Robert Wade

‘Scale-ups’ are the true engines of growth – Professor Robert Wade

An interesting read from last Tuesday’s Financial Times (12 April). Professor of Political Economy and Development Robert Wade replies to Philip Stephens’ article on free trade entitled “US politics is closing the door on free trade” where he argues “Without America, momentum will be lost. The danger will be of a slide into outright protectionism”. 

‘Scale-ups’ are the true engines […]

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    Immigration offers scope for boosting democracy – Elliott Green

Immigration offers scope for boosting democracy – Elliott Green

Elliott Green’s recent letter to the Financial Times highlights two overlooked benefits from the positive experiences of immigration.

October 02

Sir, Martin Wolf largely focuses on the benefits of immigration to host countries and merely notes that the benefits to would-be migrants are positive but “count for less” when deciding on immigration policy (Comment, September 30).

Yet there is clear evidence that […]

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    Fiscal compact treaty adds to chaos in Europe – Robert Wade

Fiscal compact treaty adds to chaos in Europe – Robert Wade

Robert Wade’s recent letter to the Financial Times highlights an overlooked ‘shock’ that is negatively affecting growth prospects in Europe. September 29 Sir, Wolfgang Münchau discusses five shocks hitting Europe simultaneously: refugees, eurozone periphery debt, the global economic downturn, Russia’s aggression in Ukraine and Volkswagen’s crimes and misdemeanours (“Five concurrent crises push Europe into the realm of chaos”, Comment, September […]

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    Get profit share to support a more equal income distribution – Robert Wade

Get profit share to support a more equal income distribution – Robert Wade

In Robert Wade’s latest letter to the Financial Times (published 20 August), he argues for broader capital ownership to curb inequality – a move he believes could appeal to the whole UK political spectrum. Sir, Chris Giles may be correct that the evidence linking higher income inequality to slower growth is not robust (“Inequality is unjust — it is not […]

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    Robert Wade takes umbrage at defence of corporate managers and short-termism in the Financial Times

Robert Wade takes umbrage at defence of corporate managers and short-termism in the Financial Times

Robert Wade submitted the following letter to the Financial Times in response to an article titled ‘Shortsighted complaints about short-term capitalism’ by Sebastian Mallaby, senior fellow at the Council on Foreign Relations. Disappointed to be overlooked in favour of an acquiescent response by Danny Leipziger, Professor Wade is glad to share it here on the International Development blog. Relative to […]