Wednesday, December 25

Author: Patti Mohr

Patti Mohr is a U.S.-based journalist. She writes about global diplomacy, economics, and infringements on individual freedom. Patti is the founder of the Global Economic Report. Her goal is to elevate journalistic principles and share the pursuit of truth in concert with others.
Global Leaders Assert Competing Visions on the Digital Economy
31Jan By Patti MohrNo Comments
Big Tech, Digital Economy, Types of News: Analysis

Global Leaders Assert Competing Visions on the Digital Economy

Round-Up on Davos Nothing epitomizes the global elite more than the annual meeting of business tycoons and political leaders in Davos, Switzerland. The annual meeting held high up on the mountain resort provides a view of the world economy like none other. Even observers from afar can catch a real glimpse into the state of the world. Today, leaders not only have to contend with a backlash against globalization at home, they also have to compete with one another to define the technologically-powered global world. [soliloquy id="7904"] Europe Digs Deep Last year, Chinese President Xi Jinping took the stage to assert that China would guide and adapt to economic globalization, even if others retreat from it. This year, Xi sent an underling, leaving the stage open primarily to W...
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China Outlines Goals for Arctic Trade Route & Development
29Jan By Patti MohrNo Comments
Energy Policy, Oil & Gas, Foreign Aid, International Development, Global Trade, Types of News: Brief

China Outlines Goals for Arctic Trade Route & Development

As global warming melts thick ice in the Arctic, countries are increasingly staking out economic claims in the region. China is no exception. This month, China outlined its vision for creating a new trade route through the region and for developing its resources. In a new 12-page White Paper, China called itself as an "important stakeholder" in the region. As Near-Arctic State and a permanent member of the UN Security Council, China "shoulders the important mission of jointly promoting peace and security in the Arctic," the paper said. It is a significant policy statement on navigating the delicate environmental and diplomatic interests in the Arctic waters. As the ice melts in the region, the potential for international disputes over shipping and natural resources rises. Governi...
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Look Beyond GDP, World Economic Forum Says
25Jan By Patti MohrNo Comments
Foreign Aid, International Development, Global Economics, Organizations, IMF, WTO, G7, Types of News: Brief

Look Beyond GDP, World Economic Forum Says

Economic growth as measured by gross domestic product is necessary for a country's well-being, but it is not enough. To ensure adequate or rising living standards for people, you need sustainable and inclusive growth, according to members of the World Economic Forum. "Any growth, for it to be meaningful, has to be inclusive," said Saadia Zahidi, a member of the WEF Executive Committee. "Unsurprisingly, we find that while growth is recovering, there are still major challenges when it comes to equity and inclusion across both rich and poor economies." The World Economic Forum executive committee released a report this week on inclusive growth as world leaders started to gather at its annual conference in Davos, Switzerland. Global Growth Strong The World Bank predicts the world economy wil...
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Global economic growth expanded in 2017
17Jan By Patti MohrNo Comments
Global Economics, Global Trade, Types of News: Brief

Global economic growth expanded in 2017

The global economy rebounded in 2017, rising to 3 percent up from 2.4 percent in 2016, as trade picked up momentum, advanced economies increased investments, and developing countries exported more commodities, the World Bank reported Jan. 9. The bank sees global growth edging up slightly to 3.1 percent in 2018 as developing countries experience greater growth while advanced economies begin to back off emergency monetary policies. These numbers differ from projections the International Monetary Fund made in October. The IMF predicted a 3.6 percent rise in the global economy in 2017 and 3.7 percent in 2018. A Turning Point The numbers suggest the global economy has recovered from the 2008-2009 global economic crisis. The World Bank predicts this year will "be the first year since ...
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U.S. Targets Chinese, Malaysian Firms in New Sanctions
13Jan By Patti MohrNo Comments
Sanctions, Types of News: Brief

U.S. Targets Chinese, Malaysian Firms in New Sanctions

In its latest round of sanctions against Iran, the U.S. Treasury Department targeted two firms based in Shanghai, China and Kuala Lumpur, Malaysia. Both firms are accused of trading in export-sensitive goods and concealing that the buyers were Iranian firms barred under previous sanctions. And both firms risk having their any U.S.-based assets frozen and losing business ties with banks and companies under U.S. jurisdiction. Middle Men One of the firms is a large manufacturing and global trader with a business office in Shanghai, China. Bochuang Ceramic, Inc., makes and sells a specialized chemical that can be used in military weapons, such as torpedoes, mines, aircraft and surveillance. According to Treasury, Bochuang Ceramic sold hundreds of thousands of dollars worth of sensitive...
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China, France Strengthen Trade, Economic Ties
12Jan By Patti MohrNo Comments
Big Tech, Digital Economy, Diplomacy, Foreign Aid, International Development, Global Trade, Globalization, Global Disintegration, Types of News: Brief

China, France Strengthen Trade, Economic Ties

French President Emmanuel Macron wrapped up a three-day state visit to China this week, strengthening the European Union's economic ties to Asia. Macron and Chinese President Xi Jinping vowed to open their economies to trade and investment and strengthen the global economic governance system. It was Macron's first state visit to China since becoming president, and he pledged to return each year to foster face-to-face diplomacy. As a symbol of friendship, Macron gifted Chinese President Xi Jinping with a prized horse named Vésuve de Brekka, who had served the French Republican Guard. It was in the fashion of China's "panda diplomacy" of gifting its pandas to countries around the world, including France. Trade and Investment China is France's seventh largest export market. China acc...
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U.S. Rebuffed at UN Security Council Meeting on Iran
9Jan By Patti MohrNo Comments
Diplomacy, Middle East, Sanctions, Types of News: Brief, UN Security Council

U.S. Rebuffed at UN Security Council Meeting on Iran

At its first formal meeting of the year, the UN Security Council met at the request of the United States to assess the situation in Iran after a near week-long protests in 80 cities. The meeting itself drew criticism from many members who accused the United States of using human rights as an excuse to meddle in Iran's internal affairs. The meeting also comes at a crucial time when leaders are trying to reach a political settlement to end the Syrian civil war. It also comes ahead of a Jan. 13 deadline for the U.S. President Donald Trump to decide whether or not to remove nuclear-related sanctions against Iran based on a 2015 international agreement. Under U.S. law, he must decide every 90 days whether or not to certify the deal, and therefore ease up on nuclear-related sanctions. Trum...
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Iran Protests Spark Bigger Diplomatic Conflicts
4Jan By Patti MohrNo Comments
Geopolitics, Middle East, Sanctions, Types of News: Analysis

Iran Protests Spark Bigger Diplomatic Conflicts

January 4, 2018 - In the aftermath of the multinational fight against ISIS-Daesh forces who had held large parts of Iraq and Syria, geopolitical divides are emerging as regional powers turn their focus to economic issues, sanctions and security alliances. One sign of the shift is the near week-long demonstrations in Iran, which started Dec. 28 near Iran's border with Afghanistan and Turkmenistan. The protests started in Mashhad, Iran's second most populous city, and quickly spread to other parts of the country. They are the largest mass demonstrations the country has seen since 2009 when protesters in Tehran disputed the presidential election. Most media outlets reporting on the recent unrest say the government has not used violence to tamp down on the protests as it did in 2009. The gove...
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UN Gives New Authority to Implement Sanctions on North Korea
29Dec By Patti MohrNo Comments
International Law, Legal Battles, Sanctions, UN Security Council

UN Gives New Authority to Implement Sanctions on North Korea

Dec. 29, 2017 - The United Nations Security Council unanimously adopted a new resolution tightening sanctions against North Korea. It is the tenth Security Council resolution on North Korea since 2006 and the fourth in 2017. It follows 20 ballistic missile tests by North Korea (DPRK) in the past year that violate UN resolutions against the proliferation of nuclear weapons. The consensus language in the December 22 resolution was opaque and loose enough to bring together the 15-member council. While it is too soon to know how effective new resolution will be, it is already having an effect. The latest resolution gives countries added authority to implement previous sanctions, and today South Korea put the new authority to use when it seized a Hong Kong-flagged ship suspected of illega...
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UN Announces $5.4 Billion Budget for 2018 & 2019
27Dec By Patti MohrNo Comments
Organizations, IMF, WTO, G7, UN Security Council

UN Announces $5.4 Billion Budget for 2018 & 2019

The United Nations General Assembly approved a $5.4 billion budget for the next two years, reducing its operating budget by $286 million, or roughly 5 percent, from its current 2016-2017 period. The budget funds general operations for the U.N., including political affairs, international justice and law, regional cooperation for development, human rights and humanitarian affairs and public information. Most of the budget savings comes from operational expenses such as the use of consultants, travel expenses and information technology. Cut in U.S. Contribution? In announcing the budget cut in a Dec. 24 statement, U.S. Amb. to the UN Nikki Haley said, "We will no longer let the generosity of the American people be taken advantage of or remain unchecked." That spurred speculation b...
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