As a result of high unemployment, below optimal inflation, and dismal output growth, the European Union is facing a severely protracted economic downturn. Since 2008, European policymakers have tried to reignite growth to little avail. Unemployment still hovers at 10.1%, and last year the European Union witnessed a meager .1% growth in GDP. As recently […]
Author: Jeffrey Kuperman
The Northern Sea Route: Could It Be The New Suez Canal?
Under the influence of climate change, Arctic ice is melting away. This scares climatologists, but also intriguingly creates possible economic benefits. The melted ice has opened trade routes and energy resources, attracting the interest of many of the world’s most powerful nations. However, while the melting ice has created these two potential economic benefits, only […]
Forging a Response
Home to strategic military bases, vital trade routes, and valuable natural resources, the South China Sea represents some of the most sought after territory in the world. In terms of trade, about a third of global crude oil traffic and half of global natural gas exports travel through the South China Sea each year [1]. […]