The US Panic of 1907 and the Coming of the Mexican Revolution

2021 ◽  
Vol 37 (1) ◽  
pp. 35-60
Author(s):  
James Gerber ◽  
Thomas Passananti
Keyword(s):  
Causal Relationship ◽  
Mexican Revolution ◽  
Government Debt ◽  
International Transmission ◽  
The Us ◽  
Trade And Investment ◽  
Debt Levels

Speculation about the causal relationship between the US panic of 1907 and the Mexican Revolution of 1910 has generated many hypotheses. We review the hypotheses of contemporary observers and recent historians. Our analysis begins with a timeline of events in both countries and then examines the available data for activities that are theoretically possible avenues for the international transmission of economic events, including trade and investment. Mexican wages, banking, and government debt levels are also examined for signs of stress. We conclude that the US panic and recession had little effect on revolutionary conditions in Mexico.

Transatlantic Trade and Investment Partnership

2015 ◽  
pp. 14-22 ◽  
Author(s):  
P. Kadochnikov ◽  
M. Ptashkina
Keyword(s):  
Market Access ◽  
Trade Agreement ◽  
Government Procurement ◽  
Atlantic Trade ◽  
Bilateral Relations ◽  
The Us ◽  
The Future ◽  
High Standards ◽  
Set Up ◽  
Trade And Investment

The US and the EU are negotiating a comprehensive Trans-Atlantic Trade and Investment Partnership (TTIP). The main purposes of the agreement are to stimulate economic growth and employment, to facilitate trade and investment and raise competitiveness on both sides of the Atlantic. The US and EU are the biggest trade and investment partners for each other, as well as most important partners for a number of other countries. The Trans-Atlantic free trade agreement would not only facilitate bilateral cooperation, but has a potential to set up new, more advanced international trade and investment rules and practices. The agreement is aimed, among other point, at resolving some of the existing problems in bilateral relations, such as differences in regulatory practices, market access conditions, government procurement, intellectual property rights (IPR) and investor protection. However, some of these differences are deeply inherent in the regulatory systems and have become the reasons for numerous disputes. Despite the fact that the negotiations on TTIP are still in progress, it is already possible to identify and assess the underlying differences that would potentially hamper the creation of deep provisions in the future agreement. The paper aims at analyzing the most difficult areas of negotiations and giving predictions for the future provisions. Firstly, the paper gives an overview of the scope and structure of bilateral relations between the US and EU. Secondly, the authors give detailed analysis of the most important points of the negotiation’s agenda, making stress on the underlying differences in domestic regulation and assessing the depth of those differences. The conclusions are as follows. While some of the areas, such as tariffs, labor and environment, SMEs, state enterprises and others, are relatively easy to agree upon, as both economies are striving to achieve high standards, negotiations on other issues, such as government procurement, NTM regulation and IPR are less likely to achieve high standards.

scholarly journals EXCHANGE RATE FLEXIBILITY, CAPITAL MOBILITY AND INFLATION TRANSMISSION IN MALAYSIA

2009 ◽  
Vol 8 (1) ◽  
Author(s):  
Mansor H. Ibrahim
Keyword(s):  
Exchange Rate ◽  
Capital Mobility ◽  
Exchange Rate Regime ◽  
Flexible Exchange Rate ◽  
International Transmission ◽  
Exchange Rate Flexibility ◽  
The Us ◽  
Small Economy ◽  
Inflation Transmission ◽  
Limited Exchange

The paper assesses the international transmission of inflation for a small economy, Malaysia, over three sample periods marked by different degrees of exchange rate flexibility. Contradicting to conventional wisdom of less pronounced foreign nominal influences under the flexible exchange rate regime, this research finds evidence that the inflation transmission from the US to Malaysia is strongest during the period marked by increasing exchange rate flexibility (i.e. 1993-1998). This research also observes significant inflation effects of exchange rate depreciation during the same period. While this research observe less pronounced impacts of the US during the limited exchange rate flexibility period (i.e. 1988-1999), the US influences are virtually absent during the recent fixed regime (i.e. 1998-2005). This research believes that the intensity of capital flows across the three periods might have explained the results.

ECJ ruling further dims EU-US data protection outlook

2015 ◽  
Keyword(s):  
Data Storage ◽  
Data Protection ◽  
The United States ◽  
The Internet ◽  
Content Type ◽  
Transatlantic Trade ◽  
Data Flows ◽  
The Us ◽  
Trade And Investment ◽  
The Eu

Significance The ECJ ruling could add to potential disruptions to transatlantic commercial data flows arising from the EU's developing data protection regime that a study for the US Chamber of Commerce valued at 0.8-1.3% of EU GDP. The ruling weakens the United States in negotiations over the new EU regime, as well as over the Transatlantic Trade and Investment Partnership (TTIP). Impacts The ruling may bolster development of EU-based cloud facilities as EU users seek to avoid the risks of US-based data storage. This could reduce US firms' estimated 76% share of the EU cloud market. It would also lead to further fragmentation of the internet as a global resource.

Trump threat will drive Mexico trade diversification

2017 ◽  
Keyword(s):  
Financial Institutions ◽  
Commercial Banks ◽  
Global Economy ◽  
Donald Trump ◽  
Content Type ◽  
The Us ◽  
Development Banks ◽  
Loan Growth ◽  
Two Sectors ◽  
Trade And Investment

Subject Mexican development banks. Significance Mexican foreign trade financing bank Banco de Comercio Exterior de Mexico (Bancomext) has signed several cooperation agreements this year in Asia and Europe, in an effort to diversify trade and investment relationships. The push comes amid great uncertainty in the global economy and increased tensions in the US-Mexico relationship since the election of US President Donald Trump. Impacts Bancomext's efforts to increase export opportunities will especially benefit smaller Mexican firms. Foreign financial institutions will welcome opportunities to strengthen access to Latin America’s second-largest economy. Strong loan growth by development banks will not threaten commercial banks as the two sectors work together.

Nicaragua pandemic downplaying is a political gamble

2020 ◽  
Keyword(s):  
Presidential Elections ◽  
Social Impacts ◽  
Political Support ◽  
Health Crisis ◽  
Content Type ◽  
The Us ◽  
The Government ◽  
Trade And Investment ◽  
Economic And Social Impacts ◽  
Opposition Parties

Significance Some initiatives have been introduced to help counter the economic and social impacts of the pandemic, but the government’s actions appear to be driven less by the need to address the health crisis than by a desire to shore up political support ahead of elections next year. Impacts Opposition parties are beginning to forge electoral alliances in the hope of benefitting from popular frustration with the government. Trade and investment into Nicaragua will remain minimal, with external firms wary about the potential prevalence of COVID-19. The outcome of the US presidential elections in November will affect the potential for US aid and investment.

scholarly journals US–Kenya Economic Relations under Obama and Their Image in the Kenyan News Discourse

2018 ◽  
Vol 12 (1) ◽  
pp. 72-99
Author(s):  
Vilém Řehák
Keyword(s):  
Human Rights ◽  
Human Resources ◽  
Good Governance ◽  
Economic Interests ◽  
Political Issues ◽  
Economic Relations ◽  
Security Issues ◽  
News Discourse ◽  
The Us ◽  
Trade And Investment

Abstract Economic cooperation between the US and Kenya has reflected the ups and downs in the relations between the two countries. Since independence, both countries have converged on security issues and diverged on questions of democracy and human rights. When Barack Obama was elected as the President of the US, Kenya expected to get an “Obama bonus” in the form of closer trade and investment cooperation. This article analyzes what is the image of US–Kenya economic relations in the news discourse. The analysis reveals that three different and competing narratives are present in the news discourse in Kenya. The US disseminates a narrative that economy, security, good governance and human resources are four interconnected and mutually reinforcing pillars of African development; Kenya must make progress in all these four pillars, and the US is ready to help Kenya. Kenyan leaders seem to internalize the economic part of the narrative and accept the nexus between economy and security, but they reject the nexus between economy and political issues. Finally, the Kenyan society internalizes both these narratives, albeit to a different degree, with the latter prevailing over the former. However, it also produces its own narrative, which presents current US–Kenya economic relations in a different perspective. The whole US engagement in Kenya hardly goes beyond the symbolical level. It is driven by US economic interests and competition with China, while there is no “Obama bonus” for Kenya.

scholarly journals Transcontinental Partnerships at the Crossroads: Factors, Risks, Consequences

2017 ◽  
Vol 10 (4) ◽  
pp. 54-69 ◽  
Author(s):  
Liudmila F. Lebedeva
Keyword(s):  
National Security ◽  
Financial Services ◽  
Financial Regulation ◽  
Bilateral Trade ◽  
Leadership Role ◽  
Practical Implementation ◽  
The European Union ◽  
Donald Trump ◽  
The Us ◽  
Trade And Investment

Transcontinental partnerships – Trans-Pacific Partnership (TPP) and Trans-Atlantic Trade and Investment Partnership (TATIP) – have been analyzed in view of the new challenges in polycentric world, US foreign economic policy changes, risks for the national economies of the block’s participants, as well as for the other countries. The TPP and the TATIP are in focus as the new stage of the world integration process. The TATIP can deepen the already substantial economic ties between the US and the European Union. But what will be included in the chapters of the agreement on financial services, agricultural products, some other sectors is still subject to debate. Particular concerns arise about the role for the TATIP in harmonizing financial regulation. The practical implementation of president Donald Trump plans to «promote American industry, protect American workers» began with the US withdrawal from the TPP, with negotiating new bilateral trade deals in mind. Since that decision, the leaders of Japan, Singapore, Australia, and other TPP participants emphasized the strategic importance of this agreement for their countries and for US leadership in the region. Withdrawing from the TPP raises concerns among US trade partners and allies in the region and put many questions before them. Besides, US withdrawal from the TPP effectively gives green light to assert a more pronounced leadership role in the region for China, which is already a major trade and investment partner for TPP countries. Furthermore, Donald Trump turned attention to certain imports as a threat to national security and thus potentially subject to steep tariffs. The US steps in this way may undermine the rules-based trading system, and put many questions before TPP partners and other countries. Whether import restrictions for national security reasons be implemented, they may damage not only China as the main U.S. imports driver; but other countries as well, and lead to new barriers against US exports by trading partners. The Trump administration initiatives not only represents a challenge for countries that linked closely to the American economy due to the trade-economic agreements, but leads to new opportunities and choices in international economic relations.

scholarly journals The Impact of the Tax Cuts and Jobs Act of 2017 on the US Government Debt

2019 ◽  
Vol 7 (4) ◽  
pp. 01-09
Author(s):  
Min Xu ◽  
Suk Kim ◽  
Jeanne David
Keyword(s):  
Government Debt ◽  
Us History ◽  
The Great Recession ◽  
Tax Relief ◽  
The Us ◽  
Us Government ◽  
Federal Debt ◽  
Jobs Act ◽  
The Impact ◽  
Tax Cuts

There have been three major tax cuts in the modern US history: 1) the Tax Cuts and Jobs Act of 2017; 2) the Economic Growth and Tax Relief Reconciliation Act of 2001; and 3) the Economic Recovery Act of 1981. Each of the first two major tax cuts had increased the federal debt. Just about everybody agrees that US federal debt is on an unsustainable path. Can we afford another major tax cut without trigging a major economic disaster such as the Great Recession of 2007-2009? This article discusses an overview of this new law, the impact of the first two major tax cuts on the federal debt, the impact of the Tax Cuts and Job Acts on the US government debt, and its consequences.

EU-US TTIP talks are unlikely to progress

2016 ◽  
Keyword(s):  
United States ◽  
Trade Agreements ◽  
The United States ◽  
The Political ◽  
Content Type ◽  
Transatlantic Trade ◽  
The Us ◽  
Trade And Investment ◽  
The Eu ◽  
Public Opposition

Subject The prospects for finalising TTIP. Significance While the EU as a whole -- the European Commission, most member states and a majority of members of the European Parliament (EP) -- appears to remain committed to a wide-ranging agreement with the United States, there are growing indications that public opposition may render the proposed Transatlantic Trade and Investment Partnership (TTIP) agreement politically unviable. Impacts TTIP is estimated to raise the EU's GDP by 0.5%. European governments may decide that such a modest growth boost is not worth the political problems generated by the negotiations. If implemented, its terms could serve as a blueprint for future trade agreements between the EU and other countries. The deal's prospects will be diminished by the US election cycle's appeals to protectionist sentiment.

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