Market Pulse: Dancing Dangerously to Trump's Beat
Short-term populist economic policies are increasingly dominating the world. One is protectionism. In his first days in office, US President Donald Trump immediately pulled his country out of the Trans-Pacific Partnership (TPP). Trump also invited Mexico and Canada to meet and reassess the North American Free Trade Agreement (NAFTA).
Indeed, protectionism benefits firms that enjoy the protection. But in the long run, inefficiencies and hidden costs will emerge, and…
Election Campaigning for Today and Tomorrow
Candidates and their supporters are putting everything on the line to win the 2017 Jakarta gubernatorial election and perhaps a warm-up for the presidential election in 2019.
Before discussing the charges leveled against him, Susilo Bambang Yudhoyono (SBY) talked about how a leader can regress to become a tyrant. A dictator, said SBY, who was Indonesia's sixth president, can emerge when he begins to fear the loss of his power.